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Does a GSA mention on the slab bring a premium?
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<p>[QUOTE="GDJMSP, post: 24729965, member: 112"]This where the mistake is in your thinking. </p><p><br /></p><p>The very first thing that any bank does when they receive a bag of coins is to open that bag and count the coins. It doesn't matter who they got the coins from, they open the bag and count the coins. Have you ever seen or even heard of a bank that did not count the money when someone gave it to them ? They don't take anybody's word - they count the money !</p><p><br /></p><p>The Fed itself didn't even exist before 1914 when it was created, so that middle man is out of the picture until after then. But the point still remains - the wire and lead seal wrapped around the top of the bags that was put there by the mint, that was cut, removed, and gone when it got to the first bank.</p><p><br /></p><p>And every bag of coins that was returned to the mint, the bank seals were removed from those bags by the mint employees, the bags were opened and the coins were counted, and then the coins were rebagged by the mint and a new mint seal was placed on the bag. So every single bag of coins that the mint had in its possession had a mint seal on it. But it was not the original mint seal - it was a brand new one !</p><p><br /></p><p>That's why the GSA had to open the bags and sort the coins because they were aware of this. And they knew that the only way to tell if the coins were unc or circ was to inspect ( which can be read as grade) each individual coin - and sort them accordingly. Which is precisely what they did.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 24729965, member: 112"]This where the mistake is in your thinking. The very first thing that any bank does when they receive a bag of coins is to open that bag and count the coins. It doesn't matter who they got the coins from, they open the bag and count the coins. Have you ever seen or even heard of a bank that did not count the money when someone gave it to them ? They don't take anybody's word - they count the money ! The Fed itself didn't even exist before 1914 when it was created, so that middle man is out of the picture until after then. But the point still remains - the wire and lead seal wrapped around the top of the bags that was put there by the mint, that was cut, removed, and gone when it got to the first bank. And every bag of coins that was returned to the mint, the bank seals were removed from those bags by the mint employees, the bags were opened and the coins were counted, and then the coins were rebagged by the mint and a new mint seal was placed on the bag. So every single bag of coins that the mint had in its possession had a mint seal on it. But it was not the original mint seal - it was a brand new one ! That's why the GSA had to open the bags and sort the coins because they were aware of this. And they knew that the only way to tell if the coins were unc or circ was to inspect ( which can be read as grade) each individual coin - and sort them accordingly. Which is precisely what they did.[/QUOTE]
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Does a GSA mention on the slab bring a premium?
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