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Can Mint Employee's Buy Coins Hot off the line?
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<p>[QUOTE="Conder101, post: 959698, member: 66"]The Aluminum cent in the ICG slab shown by Doug is no longer in that slab. It was crossed to a PCGS slab and is now a MS-63 I believe. So yes they WOULD slab a 64-D peace if it was submitted.</p><p><br /></p><p>Today there is no way for the employees to get newly struck coins other than the way the general public can. That has not always been the case. Back before the 1940's they had a cash window where you could go to get the latest coins, and back before 1873 you could bring in silver or gold, deposit it and get immediate payment in new coins. But even in those cases the coins would not have been "Hot off the press". Due to required accounting requirements the metal had to be accounted for each step of the way, from the vaults to the melter, the melter to the roller with planchets and scrap being checked. the coiner had to account for the planchets received and it had to equal the mistruck an the coins turned over to the cashier. If you were responsible you weren't going to allow someone to mess with them. "You just wait until they've been turned over to the Cashier."[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 959698, member: 66"]The Aluminum cent in the ICG slab shown by Doug is no longer in that slab. It was crossed to a PCGS slab and is now a MS-63 I believe. So yes they WOULD slab a 64-D peace if it was submitted. Today there is no way for the employees to get newly struck coins other than the way the general public can. That has not always been the case. Back before the 1940's they had a cash window where you could go to get the latest coins, and back before 1873 you could bring in silver or gold, deposit it and get immediate payment in new coins. But even in those cases the coins would not have been "Hot off the press". Due to required accounting requirements the metal had to be accounted for each step of the way, from the vaults to the melter, the melter to the roller with planchets and scrap being checked. the coiner had to account for the planchets received and it had to equal the mistruck an the coins turned over to the cashier. If you were responsible you weren't going to allow someone to mess with them. "You just wait until they've been turned over to the Cashier."[/QUOTE]
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