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Posted By: warshawlaw

Sy Berger of Topps has confirmed it in interviews on many occasions. The cards were stored at Topps' warehouse for 8 years while they tried to figure out ways to use old inventory. They even tried to offer them to carnivals and when that failed, had them barged and dumped in the Atlantic.

BTW, a great book on the underbelly of the hobby is "Card Sharks" by Pete Williams. You should be able to find it on Amazon.