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My Buddy sent me a picture of a coin in his collection.....World Trade Center Ground Zero Recovery

William81William81 Member Posts: 24,253 ✭✭✭✭
edited September 11 in General Discussion

A rather haunting coin on this day


  • austin20austin20 Member Posts: 34,181 ✭✭✭✭

    Eerie, For sure.

  • Ditch-RunnerDitch-Runner Member Posts: 24,095 ✭✭✭✭

    they had a huge depository of government funds ( gold ) in the basement from what I remember.

    I did not know they sold the coins at some point

    JMHO to me its a double edge sword having a memory of the event

    or some one adding $$ profit to the value just because it was in the building

  • truthfultruthful Member Posts: 1,911 ✭✭✭✭

    Interesting that a coin that went through the horrors and destruction of the WTC, can be called Uncirculated???

  • William81William81 Member Posts: 24,253 ✭✭✭✭

    As I understand it, there were many coins in the basement vaults. The vaults were pretty much intact when they were uncovered. I have seen pictures of coins that were graded MS69 from those vaults. The coin pictured was one of the earlier ones that made it's way to one of the third party graders. The later ones were actual graded not just called Brillant Uncirculated.

  • yoshmysteryoshmyster Member Posts: 20,405 ✭✭✭✭

    I never did understand why people paid to grade bullion. It's just weight to me.

    Didn't they rob the world trade center in "Die Hard With A Vengeance"?

    Ditch-Runner - I don't see why they wouldn't sell their goodies. I mean if you owned it and the asset had a "history" provenance that makes people pay extra. Besides you're not going to sit on it forever because of it. Being in bidenflation days one has to pay their bills some how.

  • William81William81 Member Posts: 24,253 ✭✭✭✭
    edited September 14

    "I never did understand why people paid to grade bullion. It's just weight to me."

    I have always felt the same way..... Having a grade gets some folks excited and makes them willing to pay premium for the coin. I saw a lower mintage Gold Eagle at a local coin shop recently. It was from a lower mintage year and was graded MS70 by NGC... Price 10K...

    The other silliness I see all the time is the price of an Silver American Eagle 1oz coin selling for up to 10 dollars above melt. They also command big bucks if they happen to be graded in MS70 or PR70..

    BTW...The coin I showed in the original post sells for between 2500 to 2600 on ebarf....which is a 20 to 25% premium

  • yoshmysteryoshmyster Member Posts: 20,405 ✭✭✭✭

    When I buy, I buy junk silver coins or sterling things by weight. Now with sterling flat ware I can use them until the market picks up. Pinkies out. Fancy.

  • drobsdrobs Member Posts: 22,497 ✭✭✭✭

    I probably posted this here before but the rare wedding I get invited to / attend, these days, instead of buying something off the gift registry, I give new Silver Eagles to the bride and groom dated for the year of the wedding.

    Some years those are rather inexpensive, some years, not so much.

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