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<p>[QUOTE=&quot;Conder101, post: 342561, member: 66&quot;]Because that is the business they are in, making a market and buying and selling coins.&nbsp; Since there was no market in the coins they probably bought them as bullion as well (from people that bought them from the mint who can now make a profit selling them as the gold value.)</p><p><br /></p><p><br /></p><p>Because they would have had to price them below melt.&nbsp; They had the choice to sell them a little above melt to collectors and take forever to move them,&nbsp; Melt them and move them quickly, or sell them to collectors at less than melt inorder to move them quickly&nbsp; but make less or even lose money.&nbsp; The choice to melt them makes the most practical sense.&nbsp; I&#039;m sure though that if you want to rescue any future coins from the pot they would be happy to sell you all the &quot;scrap&quot; pieces at 5% over spot.&nbsp; As for them being &quot;scarce&quot;, they are only scarce if there are more cllectors for them than there are coins available.&nbsp; Since they are selling for bullion there obviously aren&#039;t that many collectors and the coins may be &quot;scarce&quot; but they are also common.</p><p><br /></p><p><br /></p><p>The problem is the only First Spouse coins that can command a premium are the 69 and 70 coins.&nbsp; There aren&#039;t enough of THOSE to satify collector demand, but if it doesn&#039;t make that rarified level then they are a drug on the market</p><p><br /></p><p><br /></p><p>Sure they would, and I wouldn&#039;t blame them one bit.&nbsp; Sure the Remington may be a great work of art, but if the art collectors won&#039;t pay more than $8,000 for the statue,and refinery wll pay $9,000 for the bronze guess who gets it. (Actually the example is farfetched considering there would only be one Remington statue.&nbsp; Make it mor like you are an art dealer who has 10,000 copies of a Remmington statue ofwhich there are around 5,000 potential purchasers, and the bronze is worth more than the collectors are willing to pay for the statue.&nbsp; You&#039;re in business to make money so you scrap them.)</p><p><br /></p><p><br /></p><p>I&#039;m sure they DIDN&#039;T count them, I know I wouldn&#039;t.&nbsp; They are being scrapped, the count doesn&#039;t matter the weight does.&nbsp; and the batch of scrap almost certainly contained coins of many types from many souces.&nbsp; So there was no count and the numbers are just a very rough estimate.</p><p><br /></p><p><br /></p><p>Well it WAS good business sense at the time.[/QUOTE]</p><p><br /></p>

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