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What Does This Have To Do With Wtc Recovery?

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nalaberong's Avatar
Canada
2805 Posts
 Posted 10/10/2013  10:38 pm Show Profile   Bookmark this topic Add nalaberong to your friends list Get a Link to this Message Number of Subscribers
Found this auction:
http://www.ebay.com/itm/WTC-Recover...360758823881

Can anyone explain the WTC Recovery slab?
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basebal21's Avatar
13014 Posts
 Posted 10/10/2013  10:44 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
They were basically coins found during WTC during the recovery process. I'm assuming most if not all came from the vaults in the building.
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denco7's Avatar
United States
2543 Posts
 Posted 10/10/2013  10:58 pm  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply
There was a bank and many corporate vaults in the World trade Center. Many of the vaults stored company investments as well as personal property from executives of these corporations. The IRS tracks money, until a few years ago, precious metal holdings could easily fly under the IRS radar.
In the wreckage was found gold/silver bars, many gold/silver/investment coins. One company bought all the silver eagles recovered from a bank vault, had them authenticated and slabbed with special PCGS/NGC WTC slabs and sold them for a premium. Some of the recovered silver was even sent to the Mint planchet makers and the silver was melted in with other silver. The Mint made silver Eagles with a special " made with silver recovered from ground zero WTC "

This is one of the coins recovered from someone's vault............ Grave Robbers ?
Edited by denco7
10/10/2013 10:58 pm
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Conder101's Avatar
United States
17884 Posts
 Posted 10/11/2013  12:14 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
Some of the recovered silver was even sent to the Mint planchet makers and the silver was melted in with other silver. The Mint made silver Eagles with a special " made with silver recovered from ground zero WTC "

This is not correct.

The vaults were in building 7, not in the two towers that fell. Building 7 was damaged by the falling towers and was taken down as part of the cleanup. The coins taken from the vault would taken to Collectors Universe and encapsulated. The first batches of coins were silver eagles slabbed by Collectors Universe using PCGS shells. These can be recognized by the obverse label Gem Uncirculaed (Collectors Universe did not grade coins) and the reverse has the Collectors Universe logo not PCGS. A couple months later PCGS took over the slabbing. Now the coins are graded and the regular PCGS logo and hologram appear on the reverse. As far as I know all of the Collectors Universe coins are 2001 silver eagles as were the first PCGS slabs. Six months later other issues began appearing in the PCGS slabs. This is only the second slab I have seen that appears to be a CU obv label (Gem Uncirculated) with a PCGS rev (PCGS logo and hologram.)
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BStrauss3's Avatar
United States
4589 Posts
 Posted 10/11/2013  12:48 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
http://www. (174) Not Allowed - Auto-Removed .com/
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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denco7's Avatar
United States
2543 Posts
 Posted 10/11/2013  08:57 am  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply

Quote:
This is not correct.


Your right, these are the Eagles I remembered seeing at auctions at the time. Plus the PM's were stored in the COMEX vaults, under WTC 4 weren't they ?

What-Does-This-Have-To-Do-With-Wtc-Recovery?
Edited by denco7
10/11/2013 09:09 am
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BStrauss3's Avatar
United States
4589 Posts
 Posted 10/11/2013  09:09 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
Those are different. The PCGS coins were recovered from the vault as coins, specially slabbed, etc. The one in the holder above is a normal bullion coin plated with recovered silver.

BTW, 150 milligrams of silver is about 1/200th of a (troy) ounce.
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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Jayman931's Avatar
United States
2651 Posts
 Posted 10/11/2013  1:50 pm  Show Profile   Bookmark this reply Add Jayman931 to your friends list Get a Link to this Reply

Quote:
Building 7 was damaged by the falling towers and was taken down as part of the cleanup


Not correct. Building 7 collapsed in on itself supposedly from a fire. It was not "taken down as part of cleanup". Funny thing is that BBC reported it had collapsed 12 minutes before it actually collapsed. Guess they were psychic that day.
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rking007's Avatar
United States
784 Posts
 Posted 10/11/2013  8:21 pm  Show Profile   Bookmark this reply Add rking007 to your friends list Get a Link to this Reply
No, they were just in on 'the conspiracy' too...

That's EXTREME sarcasm by the way... :)
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