I love a good bargain, and your logic is solid during flat and Bull markets. In a bear market you can find plenty of bargains without help from the Feds.
A beary market would be keen to latch on to sustained buying too. Everyone looks for that glimmer of hope and will grab it if it arrives.
And there's a class of buyer who'll regard a government endorsed sale as more desirable than a regular one. If people are willing to pay a premium for freshly mined coins, these ones have an attractive stamp of authenticity too.