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<p>[QUOTE=&quot;Iceman444443, post: 1882858, member: 32766&quot;]I don&#039;t understand this statement in the story.</p><p><br /></p><p>&quot;When coins come in, they typically are in plastic cases, with a value already assigned them by a grader.</p><p>We go through them. If the grader is not someone we trust, the cases are cracked open and the coins are sent out to be melted down. That was the case here. I don&#039;t know for sure, but I believe a majority were melted down. They weren&#039;t worth what he (Walters) thought they were worth.&quot;</p><p><br /></p><p>Let&#039;s see now, a gold coin could have come in graded by a third party grader and assigned a MS-70 grade.&nbsp; Since we don&#039;t trust the third party grader, we crack the case, and melt the coin.&nbsp; By doing this they never know if what they melted was a rare MS-67 or whatever and worth more than melt.&nbsp; Or perhaps Mr. Walters put it in plastic and graded it himself, but even so, the previous situation could still exist even if graded by Mr Walters.</p><p><br /></p><p>I think the story needs clarification.[/QUOTE]</p><p><br /></p>

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