LETTERS

Speculators and the U.S. Mint

I found what I could read of Bruce Frohman’s article on speculators (my copy was partially shredded by the post office) very interesting. His overall defense of them is reasonable. Making a profit from someone else has a name, capitalism. Coin speculators are like house flippers taking advantage of others in a perfectly legal way. Useful at times, unloved by most.

Unfortunately, the U.S. Mint plays into the hands of speculators, eBay resellers, television coin sellers, and dealers in general with their remarkably ill -informed sales and