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"Pawn Stars" Melts Stolen Collection
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<p>[QUOTE="CamaroDMD, post: 1883824, member: 5233"]This is a good reason as to why the coins appear to have been melted. Just like those rings, they figured it was faster to make a smaller profit by sending them to a smelter than it would be to sell them in their cases...with limited space. That limited space has value too.</p><p><br /></p><p><br /></p><p>I'll bet with their new found fame (and fortune)...the only time the cast regularly appears in the shop is when they are filming. My guess is, they have a normal staff there handling day to day with business with the normal knowledge of a pawn shop. Plus, the cast we see on TV has plenty of time to research items prior to filming so they appear "knowledgeable."</p><p><br /></p><p><br /></p><p>They do try and make that point...but there are a bunch of things that don't add up. For example, one of the coins was a 1903 St. Gaudens Double Eagle. The last time I checked, that coin was minted until 1907. It could be poor reporting...or perhaps the owner really doesn't know what he had.</p><p><br /></p><p><br /></p><p>Either this is just an example of poor reporting...or again, the owner doesn't know much about coins. There is no such thing as a classic gold coin "untouched by human hands." My understanding is...even modern gold such as the First Lady coins are touched by hands when they are packaged.</p><p><br /></p><p><br /></p><p>Why not? Your first comment in this post suggests a very good reason why they would have melted them.</p><p><br /></p><p><br /></p><p>Several things in this story lead me to believe the collector was not terribly knowledgeable (unless again...it's bad reporting). It's entirely possible they were in lower tier slabs. Perhaps if that's the case, he may have paid too much for them because they were grossly overgraded. Also, some of the coins were moderns and could have been in original government packaging.</p><p><br /></p><p><br /></p><p>Not necessarily...I have seen many rare and potentially valuable coins in low end slabs. Often times they are greatly overgraded, damaged, or both. Not necessarily basement slabbers like SGS...but others like SEGS or ANI.[/QUOTE]</p><p><br /></p>
[QUOTE="CamaroDMD, post: 1883824, member: 5233"]This is a good reason as to why the coins appear to have been melted. Just like those rings, they figured it was faster to make a smaller profit by sending them to a smelter than it would be to sell them in their cases...with limited space. That limited space has value too. I'll bet with their new found fame (and fortune)...the only time the cast regularly appears in the shop is when they are filming. My guess is, they have a normal staff there handling day to day with business with the normal knowledge of a pawn shop. Plus, the cast we see on TV has plenty of time to research items prior to filming so they appear "knowledgeable." They do try and make that point...but there are a bunch of things that don't add up. For example, one of the coins was a 1903 St. Gaudens Double Eagle. The last time I checked, that coin was minted until 1907. It could be poor reporting...or perhaps the owner really doesn't know what he had. Either this is just an example of poor reporting...or again, the owner doesn't know much about coins. There is no such thing as a classic gold coin "untouched by human hands." My understanding is...even modern gold such as the First Lady coins are touched by hands when they are packaged. Why not? Your first comment in this post suggests a very good reason why they would have melted them. Several things in this story lead me to believe the collector was not terribly knowledgeable (unless again...it's bad reporting). It's entirely possible they were in lower tier slabs. Perhaps if that's the case, he may have paid too much for them because they were grossly overgraded. Also, some of the coins were moderns and could have been in original government packaging. Not necessarily...I have seen many rare and potentially valuable coins in low end slabs. Often times they are greatly overgraded, damaged, or both. Not necessarily basement slabbers like SGS...but others like SEGS or ANI.[/QUOTE]
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"Pawn Stars" Melts Stolen Collection
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