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 Replies: 21 / Views: 3,968 |
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Valued Member
 United States
213 Posts |
Will this sudden flood of Morgans significantly lower going rates?
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Bedrock of the Community
13014 Posts |
Quote:
Will this sudden flood of Morgans significantly lower going rates? They're just a drop in the bucket for common date comnmon grade morgans. The only thing that could get impacted would be if a flood of top pops came out of it, even then they would have to be properly graded ones. NGC has been generous with the grades of things like this is the past so you really have to wait and see how they graded them and see the coins before you can have an idea of what impact if any they would have. |
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Pillar of the Community
United States
1309 Posts |
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Rest in Peace
United States
18456 Posts |
And to think I was a coin collector in 1964 . who new ?  |
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Pillar of the Community
 United States
3540 Posts |
Click on the link and check the pictures. The Morgan pictured looks like a VERY high grade coin.....as in MS68!
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Valued Member
240 Posts |
"Garrett said the son and daughter of the man who originally purchased the coins more than 50 years ago no longer wanted to continue paying the $800 annual rental fee for the roughly 3-foot by 3-foot by 4-foot safe-deposit box that houses the silver dollars." Okay ... let's get real here. A fee of $800 a year isn't the issue. Total BS! They simply want what they are entitled to ... the inheritance they deserve! Perhaps they spent all the cash and other assents they inherited and this is all that's left... Anyway, it's their's to sell. At least it will go to people who appreciate it. |
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Pillar of the Community
United States
4233 Posts |
I guess I have to side with the heirs on this one. I love my coins, but what are you ever going to do with 16,000 Morgans besides sit on them? They've been paying the vault fee for more than a decade, so that's 8 grand down the hole just to "have" something. Put that $1.5 million in a CD and you got $45,000 a year to enjoy life with and still have the $1.5 million.
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Bedrock of the Community
United States
12477 Posts |
 Tru dat. I would do the same thing, no shame.  In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Pillar of the Community
United States
2815 Posts |
"Discovered" hoards like this are my favorite thing in numismatics. Exciting!
Edited by Darth Morgan
06/11/2018 09:20 am
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Bedrock of the Community
13014 Posts |
The only real mistake they made was not selling them all during the silver run up
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Moderator
 United States
54282 Posts |
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The only real mistake they made was not selling them all during the silver run up Then they might have all been melted. |
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Moderator
United States
54282 Posts |
They apparently expect to get an AVERAGE of between $62.50 and $93.75 for each and every coin (to yield from $1 million to $1.5 million.
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Bedrock of the Community
13014 Posts |
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. Then they might have all been melted. Just the common ones which honestly wouldn't have been a bad thing |
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Bedrock of the Community
13014 Posts |
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. They apparently expect to get an AVERAGE of between $62.50 and $93.75 for each and every coin (to yield from $1 million to $1.5 million. Which could easily happen. A single 6 figure one or a couple 5 figure ones boosts that average really quick. |
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Pillar of the Community
United States
3540 Posts |
PCGS price guide provides 19K for an MS67 of the 1889 date.
If anybody sees all or portion of this hoard being advertised, please update this thread.
Will definitely be interesting to see this play out.
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Replies: 21 / Views: 3,968 |
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First Page
Posted 06/09/2018 3:54 pm
