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<p>[QUOTE=&quot;johnmilton, post: 4667238, member: 101855&quot;]The issue price was $200, which was more than most families earned in 6 months. The $50 gold pieces were priced at $100 each, but when you bought them, the three smaller coins were supplied to you at no extra charge.</p><p><br /></p><p>Ferron Zerbe, the ANA icon who saved <i>The Numismatist</i> magazine, was always promising that he would sell more coins than he was able to do. The sales of the Pan-Pac coins were disappointing, which was nothing new for Zerbe.</p><p><br /></p><p>In those days, the mint suppled to coins to the promoters at face value. Therefore the cost of the coins was face value so a $100 sale yielded a $46 margin for the issuers less whatever the frame or the boxes cost.[/QUOTE]</p><p><br /></p>

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