Why does the .gov want rare coins destroyed?

Moderating

Sorry if you are not getting the quality of answers you would like, but that’s not a reason to snark at other posters. I certainly don’t recall having jumped on anyone when they were being polite to other posters.

If you are confident at this point that you will not receive an answer that suits you, you can just stop reading the thread. Your own comments have contributed as much to derailing the thread as anyone else’s. Let’s stop the complaints, and just focus on the substance of the posts.

Any further comments about moderation should go in ATMB.

Colibri
General Questions Moderator

Why would you assume that there was?

Maybe you could ask your question on a board that focuses on coin collecting.

Actually there are several.

Several what? Goats, alpacas, types of soap, people that wear mismatched socks, religions that forbid the eating of belly-button lint, Loch Ness monsters that only play cricket on every third Tuesday evening of months ending in “y”, “h”, “l”, “e”, “t” or “r”?

Numismatists. And about the only really knowledgeable one I know of around here is Samclem.

And the basic answer to Scumpup’s question is: ‘Because the law says so’.

If you think about it, if the Mint intends to never, ever release the coins then their only value is for the gold.

It seems to me that if someone robs a store of fifty bucks, the police don’t stop investigating the crime once they’ve expended more than fifty bucks worth of effort on it. Or if I steal twenty bucks worth of coins from a parking meter, the police don’t just let it go. So the fact that the effort expended by the government in trying to recover these coins is more than the value of the gold is irrelevant. (And BTW, if the family is able to keep and sell them, they might sell for several million dollars each, so the bullion value isn’t even the issue.)

Never confuse price and value.

Collectors have paid millions for these things. The value may be zero, but the price is enough to retire on. If one was fortunate enough to have one and the connections to sell it anonymously to the necessarily anonymous buyer.