What does the mint do.....
Peetie
Posts: 627 ✭✭
with all of the Mint sets that are sent back for quality issues? Do they destroy them or repack them for future sales?
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Louis, I am not sending mine back, but theoretically I could buy 10 sets, send them back and then later purchase the same ten sets and be so frustrated that I keep them.
That cracks me up!
there were some 100,000 unsold sets and these were cut opened and put into the
flow of coins. Most of the minor coins went into 1982 mint bags and the SBA's mostly
went into 1980 bags. It is known that at least some were sold to dealers and collectors
and it is suspected that some may have been used for the SBA souvenir sets. The mint
stated in the 70's that all returned sets were destroyed (at that time it was speculated
that they were melted intact to make clad strip)(of course more modern sets contain too
much zinc for this.)
The Denver mint in the early 80's allowed people to cherry pick the souvenir sets. They
seemed surprised anyone would be interested though.
And for those who take the time to find them - the Mint's Quarterly Reports to Congress also divulge a few tidbits. They don't get very specific except when dealing with commems - but there is always a line item in the accounting for "melting costs". So it is a certainty that some coins are destroyed on a regular basis - we just don't know exactly which ones.