911 ground zero recovery coins

[Sovhead]

Is it just me or does anyone else find these coins sent for grading a bit sick?

[Pm1987]

Personally not something I would be interested in collecting but I do understand people wanting to hold a part of history.
 

Some people have the same argument when it comes to Nazi coins etc. 

[Guest]

On 09/01/2024 at 07:59, Pm1987 said:

Personally not something I would be interested in collecting but I do understand people wanting to hold a part of history.
 

Some people have the same argument when it comes to Nazi coins etc. 

It's like some of the shipwreck coins. Some history attached, but the coins themselves don't tell the story (as in the design, mint marks, etc), and without the certificates they're indistinguishable from their generic peer.

Shipwreck silver can have a lot of environmental damage, though. I've seen dealers inflating value on Duoro sovereigns, but in reality the Duoro sovereigns are quite many, when they went into the market prices took a hit.

On 08/01/2024 at 21:17, Sovhead said:

Is it just me or does anyone else find these coins sent for grading a bit sick?

Quite, because in this case it is the certificate/holder/label being collected, not the coins themselves

Edited January 10 by Guest

[apachebleu]

On 08/01/2024 at 21:17, Sovhead said:

Is it just me or does anyone else find these coins sent for grading a bit sick?

 Considering how patriotic the average American is you would think profiteering from 9/11 would be a lynching offence, shameless really. 

 Given there's no numismatic value to the coins I'd put this up there with someone trying to sell a singed fiver from Greenfell for a profit.

[Jake0111]

On 08/01/2024 at 21:17, Sovhead said:

Is it just me or does anyone else find these coins sent for grading a bit sick?

I think it depends on the reason people want them, they are apart of history.

There is the argument history forgotten will repeat itself. 

Apparently when they was graded and sold off alot of money did get given to charities.

[Sovhead]

47 minutes ago, apachebleu said:

 Considering how patriotic the average American is you would think profiteering from 9/11 would be a lynching offence, shameless really. 

 Given there's no numismatic value to the coins I'd put this up there with someone trying to sell a singed fiver from Greenfell for a profit.

Indeed that was my take on it too profiteering from an awful awful event.

[apachebleu]

42 minutes ago, Jake0111 said:

I think it depends on the reason people want them, they are apart of history.

There is the argument history forgotten will repeat itself. 

Apparently when they was graded and sold off alot of money did get given to charities.

 Per pcgs "there are 4 direct retailers of these coins, that the two largest have committed to donating between 6% and 12% of the gross sales price to the fireman/victims". 

 I think it's fair to say that people made a lot of money from these and I doubt pcgs did the grading free out of patriotic duty or respect for the victims, i also dont think resellers are doing anything but trousering the profit.

 Im not a communist and dont mind people making money but plastering the flag on this, donating an insignificant portion of the profits and pretending this is some patriotic statement is hypocrital and morrally wrong. if everything was done for free and these were a genuine fundraiser I think that would have been a fantastic thing and a great opportunity to really help people but they are just not that.

 I agree that we should learn from he past and not forget history however I'm not sure it's really necessary to do it this way. I doubt it would go down well if pcgs were to verify gold teeth found in the aftermath of the holocaust, stick a star of David on the label and donate 6% to a survivors charity and I dont really see this as much different. Sadly I'm sure there are plenty who would actually do this if they thought they could get away with it and I'm equally sure there would be buyers.

I don't mean this as a dig at buyers or collectors (of the wtc coins not the teeth, if you want those you should be on a register somewhere), I can see why they would want these as interesting pieces for the collection. My issue is with people profiteering from what happened.

 I put this up there with those people making keyring etc. from russian tanks in Ukraine and selling them to people who think somehow they are helping or supporting Ukraine whilst being blind to the fact people died to get your silly trinket.

Edited January 13 by apachebleu
Clarification on collectors

[shawy2510]

Sorry @Jake0111 there were no Ground Zero coins at the show which was amazing btw. I did find a cool graded piece of Titanic coal but way overpriced.

[Jake0111]

Just now, shawy2510 said:

Sorry @Jake0111 there were no Ground Zero coins at the show which was amazing btw. I did find a cool graded piece of Titanic coal but way overpriced.

Thanks for looking for me. Sounds like they was a big selection of things for sale. 

[SidS]

Gosh I bought a lump of Titanic coal off of eBay about 20 years ago for about £10! Maybe it was a good investment.