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Does a GSA mention on the slab bring a premium?
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<p>[QUOTE="GDJMSP, post: 24734556, member: 112"]No, it absolutely does NOT tell them that. The one and only thing that a mint seal on a bag does is to confirm how many coins are in that bag. </p><p><br /></p><p>Every single coin in a bag could be worn to Fine or lower condition and that bag would still have a mint seal on it - because it had the correct number of coins in it. </p><p><br /></p><p>When the GSA opened the mint vaults and took the bags of dollars out, every single bag had a mint seal on it - every one of them. But nobody knew, or could tell in any way, just by looking at the bags, whether the coins were circ or unc. The only way to sort the circ from the unc was to look at each individual coin and see if it had wear on it or not.</p><p><br /></p><p>And that's where the people sorting the coins screwed up - because they couldn't tell one from the other unless the wear was significant. So some AU coins and XF coins were set aside as Unc, packaged and sold as Unc, when they were not Unc at all.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 24734556, member: 112"]No, it absolutely does NOT tell them that. The one and only thing that a mint seal on a bag does is to confirm how many coins are in that bag. Every single coin in a bag could be worn to Fine or lower condition and that bag would still have a mint seal on it - because it had the correct number of coins in it. When the GSA opened the mint vaults and took the bags of dollars out, every single bag had a mint seal on it - every one of them. But nobody knew, or could tell in any way, just by looking at the bags, whether the coins were circ or unc. The only way to sort the circ from the unc was to look at each individual coin and see if it had wear on it or not. And that's where the people sorting the coins screwed up - because they couldn't tell one from the other unless the wear was significant. So some AU coins and XF coins were set aside as Unc, packaged and sold as Unc, when they were not Unc at all.[/QUOTE]
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