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<p>[QUOTE="Insider, post: 2294005, member: 24314"]Welcome to the asylum, it's getting impossible to escape.</p><p> </p><p>First to GDJMSP: I see we have not won you over about the roller mark vs PMD question. Anyway, apologies to all as I put out some misinformation in my rush to respond to this thread - thankfully no one caught it or they did and did not wish to make me eat "Humble Pie" - if so THANKS.</p><p> </p><p>The striations on the CC dollar are possibly not from the "breakdown rollers." They are heavy and when worn these could impart some grooves; however, after the breakdown of the ingots was completed the material was sent to a "finishing mill." The rollers were smaller here. Any striations on the strip could have been obliterated by these rollers, smoothed out and lessened, or even new ones added by worn rollers in this mill. Then the strip was sent to a mechanical draw bench to be pulled to its correct thickness. I do not believe the striations were imparted by the drawing bench machinery. Rollers in the two previous steps were removed and smoothed down when they became worn. </p><p> </p><p>Just last week I heard some things I never knew (which Doug has just confirmed) about the Treasury sorting process and have been told the name of at least one of the "players." We received a coin in a GSA holder with a paper insert that read something like this (I'm not at work so cannot quote it exactly): This coin is not considered Unc due to marks or toning. The coin inside was a blazing, original, no problem MS-63+. Coins like this had a minimum bid of $15. I have heard that a group of coin dealers made an offer to buy the entire hoard but the Treasury turned them down and let some (as you pointed out) numismatists do the sorting. As a result the government lost a lot of potential profit. I know of one dealer who bid on five coins (the limit) and did very well. Doug is 100% correct...it was a crap shoot and no one realized so many beautiful coins were in the low-bid group. I'll bet older members of the Silver Dollar Roundtable know the entire story. If any are here, please enlighten us. Hummm, Doug seems to know a lot about what went on. Otherwise, I plan to speak to a few of them at the FUN Show in January.[/QUOTE]</p><p><br /></p>
[QUOTE="Insider, post: 2294005, member: 24314"]Welcome to the asylum, it's getting impossible to escape. First to GDJMSP: I see we have not won you over about the roller mark vs PMD question. Anyway, apologies to all as I put out some misinformation in my rush to respond to this thread - thankfully no one caught it or they did and did not wish to make me eat "Humble Pie" - if so THANKS. The striations on the CC dollar are possibly not from the "breakdown rollers." They are heavy and when worn these could impart some grooves; however, after the breakdown of the ingots was completed the material was sent to a "finishing mill." The rollers were smaller here. Any striations on the strip could have been obliterated by these rollers, smoothed out and lessened, or even new ones added by worn rollers in this mill. Then the strip was sent to a mechanical draw bench to be pulled to its correct thickness. I do not believe the striations were imparted by the drawing bench machinery. Rollers in the two previous steps were removed and smoothed down when they became worn. Just last week I heard some things I never knew (which Doug has just confirmed) about the Treasury sorting process and have been told the name of at least one of the "players." We received a coin in a GSA holder with a paper insert that read something like this (I'm not at work so cannot quote it exactly): This coin is not considered Unc due to marks or toning. The coin inside was a blazing, original, no problem MS-63+. Coins like this had a minimum bid of $15. I have heard that a group of coin dealers made an offer to buy the entire hoard but the Treasury turned them down and let some (as you pointed out) numismatists do the sorting. As a result the government lost a lot of potential profit. I know of one dealer who bid on five coins (the limit) and did very well. Doug is 100% correct...it was a crap shoot and no one realized so many beautiful coins were in the low-bid group. I'll bet older members of the Silver Dollar Roundtable know the entire story. If any are here, please enlighten us. Hummm, Doug seems to know a lot about what went on. Otherwise, I plan to speak to a few of them at the FUN Show in January.[/QUOTE]
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