Did Buyers Get Pucked On Five Oz ATBs?

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Author	Replies: 7 / Views: 1,392
biggfredd Rest in Peace United States 9104 Posts	Posted 06/07/2011 1:13 pm Quote: In May, some collectors participating in the online U.S. Coin Forum operated by Collectors Universe, the parent company to PCGS, alleged two authorized purchasers -- American Precious Metals Exchange, an Internet bullion firm in Oklahoma City, Okla., and Jack Hunt Coin Broker Inc., in Kenmore, N.Y. -- had violated the Mint's conditions for selling the coins. --http://www.coinworld.com/articles/mint-officials-plan-no-audit-in-atb-bullion-s/ Accused of cherry picking slobbed coins. Report this Post to the Staff

Namachieli Pillar of the Community United States 2120 Posts	Posted 06/07/2011 1:36 pm I for one, am not shocked. >_> Report this Post to the Staff
Chadwick Valued Member United States 271 Posts	Posted 06/07/2011 2:09 pm This is simply greed. I am very disappointed with these companies. I will not allow their greed to go unchecked. No more purchases from me. Off to coin-rare I go. Report this Post to the Staff
Foxwoods Man Pillar of the Community United States 4901 Posts	Posted 06/07/2011 4:47 pm Quote: Accused of cherry picking slobbed coins. Actually it's probably a good thing they picked out the "slobbed" coins before shipping them ;) Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 06/07/2011 11:09 pm I think what people are missing when they say they got 68-69 pl and dmpl is that there is enough profit pulling just the 70s after paying grading fees for everything they sent in. Report this Post to the Staff
Bizybackson Pillar of the Community United States 1817 Posts	Posted 06/07/2011 11:10 pm Gee, what a surprise! Wouldn't be shocked if all nine APs did that. People got nice coins from certain APs only because the majority of their runs were nice and they had to fulfill the orders. You can bet the 11's are cherry picked as they come in for the best customers. Report this Post to the Staff
JackB Pillar of the Community United States 1064 Posts	Posted 06/07/2011 11:30 pm Yup, profit is everything, is anyone surprised? I would guess not... Report this Post to the Staff
mitchhailey Pillar of the Community United States 1150 Posts	Posted 06/07/2011 11:46 pm This is PART of the reason I wouldn't/won't buy the 5 ounce coins. Report this Post to the Staff
	Replies: 7 / Views: 1,392

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