Email today from the mint caught my attention. First off, I am a bit of a space nut so Sacy's that have been in space caught my attention. But according to this email the Sacy's were struck in gold. I didn't know we struck them in gold? Would these be considered more of a commemorative strike?
I saw that too. It's too bad the rest of the gummnt isn't run like the mint - we would have a cash surplus instead of a deficit. What do you think each of these will end up going for?
No doubt these will be six figure auctions..... Lemme see what I can scrounge out of the seat cushions....
On the one hand, I can't see selling these to enrich Stacks Bowers and return one more tiny drop into the huge leaking bucket that is the US Treasury. On the other hand, I can't see the point of keeping them in a warehouse somewhere where nobody can see them. I'm really wondering how long it will be before those 1933 Saints come to auction. And whether they'll be followed by 1964 Peace dollars, 1974 aluminum cents...
In these days of bottomless pockets at the top of the pyramid, I wouldn't be surprised at seven figures. If they were auctioning only one or two, I'd expect seven figures.
I also received that email and it seems rather objectionable to me. If these are national treasures worthy of being stored at Fort Knox for 25 years, why do only super rich people get to have access to them? Conversely, if these were deliberately created rarities with the intent always being to sell them, just waiting for the right time, then that seems equally objectionable to me.
Yep...... the Mint is finally ready to sell them for the huge money they're gonna go for. I think the original mintage was 39. And the Stack's Bowers thing - the pot is literally calling the kettle black with scandals. The US Mint consigning coins through a private auction service should be against the law. You can compare them keeping all these coins to the Hunt Brothers silver 'scandal' in the 80s. The only thing scandalous about that was the fact that it wasn't the government doing it.
Well, they already give big dealers special access, so I guess this is just sliding further down that slippery slope. Not that I would buy anything from the US mint ever again anyway.
