I posted this a few days back regarding the $50 restrikes:
>wouldn't sell for what they wanted. So they melted those bars down and made the
>restrikes. Which resulted in a nice profit. They shaved the face of these bars
>off before melting and sold those, so at least the identifying marks from the
>minter are mostly intact. I'd rather have one of the small bars than one of the
>faces. And I'd rather have one of the faces than one of the restikes.
took so long to post a correction, but Usenet ettiquitte required me to get
Donn's permission before posting the contents of the private email. I got it, so
here's what he had to say:
>I appreciate your posts in r.c.c., but want to politely clarify an apparently
>common misconception. While the popular theory is that the S.S. Central
>America/Kellogg $50 "restrikes" were made only because some gold bars "didn't
>sell," I can tell you that is not true.
>From the very beginning of the marketing plans (back in 1999, well before the
>first S.S. Central America treasure items entered the marketplace in Feburay
>2000 or even the announcement of its availability in late January 2000), there
>was planning for "restrikes."
>However, the involvement of the California Historical Society, and the decision
>to strike the coins at the historic Presidio in San Francisco, came about in
>the winter and late spring of 2001. That is when the public announcement was
>made about the restrikes The gold pieces were struck in August and September
How was the decision made as to which bars got shaved?