Got Morgans From The Bank Today!

19.00 you paid for over 200.00 at melt prices,based on an 11-1 ratio, I would ask again, what state do you live in?

awesome find!

I will say I am surprised about some replies, although, I will leave the one's who feel that there is no reason to help seniors,and assume a person just wanted paper currency of face value, instead of the melt value of more than 200.00, and why would any one assume this person was not in need of money, it is not everyday I see or hear of people handing over Morgan silver dollars for payment of goods. Did you think this person knew better, that he could of received almost 200.00 rather than the 19.00 he received,Are you familiar with the world of karma.

I hope you who believe this "ignorant society and no fiduciary duty for those who are not "knowledgeable", live as long as this person is, and some day on some not to distant forum, some one will be writing about you! Think about it, we do have a moral responsibility to Not take advantage of others, well, some of us do.

If this was in the news paper and it was a coin shop, the public would be outraged with the topic.

I really would love to know where this place on Earth is that no one has a clue as to the worth of well over one hundred year old coins, and as usual, there will be some, not seeing past the riches in front of their face!Just the other side of the coin!!

"If this was in the news paper and it was a coin shop, the public would be outraged with the topic."

The problem is, that's what he should have done. If he had taken them to a coin shop and they gave him face value for them, the public SHOULD have been outraged. Instead, he took them to a bank where they can only be worth face value unfortunately. If the bank teller does not know about coins either, then he has no way of warning him that he should go elsewhere to try to get more...he's just doing what the guy asked.

I feel bad for the old guy not knowing what he had and only getting a handful of bills when he could have received much more if he had known, but the "true value" was obviously not common knowledge. Do you think that the bank teller would not have either a) told the old guy of the value or b) set them aside for himself if he had known what they were worth? I really doubt that he would have given them when asked for "odd money" if he knew they were worth so much more than face value. Even someone who deals with money every day might not know or care that those were anything special...they were just different.

So yeah, I definitely feel bad for the old guy, but I'm sure I have done something dumb in the past myself. How many rare coins have I accidentally spent in my day because I didn't know to look for WAMs or Speared Bisons or DDOs, etc.? It happens. Someone else will find it and will enjoy it. I wish the old guy would have been able to get value for what he had, but he didn't know what he had...he deserved better. Hopefully he'll be fine. I'm glad they went to a collector who will enjoy them.

Ok for the record: I am officially buying any Morgans, Walkers, or 64 Kennedy's at face!...

What a great find! Thank you for sharing it with us!!

I found a morgan in circulation once, a heavily damaged 1880 in ag from a coin machine. Your find is simply amazing though,two or three of those seem to be in au/bu condition. When I was a bank teller myself, if people deposited coins of numismatic or bullion value I would warn them that they might be worth premium if they took them to a dealer. However if people were depositing a few wheats or a single silver dime/quarter I wouldnt tell them as they most likely received it in their pocket change. On the reverse side I would always make every attempt possible to try to get silver coins from my fellow tellers, who were ignorant of the coins worth. Most people under 30 have no idea that silver was ever in coins at all, less that coins could actually be worth more than face.

Excellent finds!
-XoG

This is awesome.I am a teller at a bank and find some of the most amazing stuff, usually when auditing our coin counter. Tips for those looking for rare coins: you are more likely to find them at banks that use older coin machines that they service themselves. If the machine is in the lobby, these are serviced by outside companies and the tellers never see the contents. Also our old machine tends to accept things it shouldn't; silver coins, foriegn coins,ect. I have found amazing money as well as very old foriegn coins like Lira. Items worth far more than the face value, most of my tellers just dump coins from the container the customer brings, and wouldn't recognize a valuable one if it bit them in the hand.

Amazing find there. I stumbled on a similar find in halves last month. A solid roll of Walkers, one of Bens and one mixed. I was amazed that they were just handed to me. The halves I can kinda see happening as I've been roll searching a while and after getting them so often am not surprised but never a Morgan - that is truly something. Congrats - and I can't see how anyone would just turn in those.

Maine_Jim