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<p>[QUOTE=&quot;Kasia, post: 1264746, member: 31533&quot;]Well, I would like to speculate here, and it is all pure speculation on my part, but it would be interesting to see what if any of it becomes a fact down the line.</p><p><br /></p><p>First, according to one of the about.com articles by Susan Headley, it states (approx. Feb 2007 I believe) that over 10,000 non-edge-inscription George Washington Dollars from the Philadelphia Mint were distributed through the Fed in Florida. Meaning they were errors that the mint did not detect and came into circulation through normal means. That could be true, but it also, in my mind could be true that either this William Gray deliberately allowed a number of missing edge coins to go into circulation without him profiting from it as a test to see what would be done, or conversely, there could be some collusion between Gray and the California dealer whereby the dealer paid him 20 per coin (200,000.00 in this instance) and only put out the claim that they came from the Fed. The reason I say this is because it seems that maybe the George Washington dollars may have had the largest numbers of coins that were edgeless ( I don&#039;t know, I haven&#039;t done the research, please someone prove me wrong and give me numbers of edgeless dollars, presidential or otherwise from 2007 to 2010).</p><p><br /></p><p>I think the latter is possible, because if Gray received about 50 checks totaling 2.4 mil, and there were about 16 or so individual coin issues that could have been impacted by him, an initial 200,000.000 would have left 2.2 mil to be divided 50 ways, which leaves additional payments averaging 45,000.00 per check (some more, some less) which at say 70.00 per coin, would leave Gray taking out a total of 31,428 other issue dollars and selling them. (Quick math, could be wrong).</p><p><br /></p><p>So, if Gray took out about 41,000+ coins (which is feasable for a person to do physically over nearly 4 years, that&#039;s only 41 bags of coins) then that would account for that.</p><p><br /></p><p>Now, on to the dealer (and of course the people that purchased these coins)....</p><p><br /></p><p>I think that the government will be able to prove that the dealer was, if not &quot;in&quot; on this (collusion), had to reasonably know that his source could not have possibly obtained these coins legally, and as such, then knew they were illegal. So I am speculating that the government may be going after the coin dealer (and not yet showing it&#039;s hand) for collusion and trafficking in stolen goods. That being said, the government will want to have it&#039;s coins back. Because the government is not one that lets bygones be bygones in this manner. A stolen coin that was never intended for circulation, yet made it&#039;s way out of the mint illegally rarely gets to stay that way. I am speculating that the government is putting together a huge case against this dealer and paving the way to get it&#039;s coins back.</p><p><br /></p><p>Now I could be wrong, and maybe am. It is pure speculation on my part. But it will be interesting to see how many coins are recovered, and how many error coins like this get out in the future. I think that the future ones are the ones to purchase if you can, seeing how this guy (Gray) is off the market.[/QUOTE]</p><p><br /></p>

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