Discussion in 'Bullion Investing' started by mpcusa, Oct 6, 2021.
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Just getting two red X,s …LOL
in the first place.
If an insurance company paid out claims involving these coins...then yes, the insurance company would have taken possession of the coins after recovery. So what?
Insurance companies sell the items that they recover after claims are paid out. When a car is totaled and the insurance company keeps the car...they sell it (either for parts or to be refurbished and sold with a branded title). This is no different.
You act as if somehow the insurance companies are getting ripped off. They would have sold the coins after they were recovered.
How did NGC know that the coin was part of the WTC demolition? Was there some type of document of ownership? I think that I am only curious of how the "owner" got the coin. It may be legit.
the bunch and they had time between
police runs I highly doubt that would
be a believable scenario.
My assumption would be vaults were unearthed from the rubble and opened. Because there was an insurance payout, you can bet insurance representatives were present for the opening.
PCGS and NGC are extremely reputable. If they say the provenance is there and are willing to put their name on it...it's there. They wouldn't risk hurting their reputation on it.
I can almost guarantee there was a
representative standing by to catalog
In other words, I don't accept it as a WTC coin unless I can have information to prove it. I hope the new owners did have a third party document the source of the coin.
Here's an article from 2003 that I think goes into detail of the ownership and how these came onto the market. It talks about how some people found it a little morbid. Of course, this article was less than 2 years after the attacks.
I didn't read the whole thing But I think there are answers to be found here:
Edit: I hope this link allows you to read the whole article. I tried to go to it a second time and was asked to subscribe or sign in
Mr. Sherman said about 100,000 coins were submitted and that the deal was done at a discount because of its volume."
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