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Binion Silver Hoard Uncirculated Type Set- Junk or what?  
 

 
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Valued Member
United States
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 Posted 08/12/2017  4:11 pm Show Profile   Check yellow88's eBay Listings Bookmark this topic Add yellow88 to your friends list Get a Link to this Message
This "set" consists of the following coins. Listed below.

Is this "set" really worth anything? Or is it just junk?


1922 Peace Silver S1$ NGC Certified Uncirculated

1964 Kennedy Silver 50c NGC Certified Uncirculated

1964 Washington Silver 25c NGC Certified Uncirculated

1963 Roosevelt Silver 10c NGC Certified Uncirculated








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Canada
1066 Posts
 Posted 08/12/2017  4:24 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
I would say that unless you place much value on the historical aspect of this hoard, they are just a group of ordinary and common UNC silver coins.
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 Posted 08/12/2017  4:39 pm  Show Profile   Bookmark this reply Add Mark1959 to your friends list Get a Link to this Reply
True, without the labels they are just uncirculated silver US coins.
Completed my Dansco ASE 7181 on 8/6/2017. 32 of 32
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7866 Posts
 Posted 08/12/2017  5:02 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
They put the 2500 of each type in the slabs with no thought of grade above uncirculated. You have about the same chance of getting a juicy one as you do from ordering "unpicked" uncirculated rolls.

Neither the TPG nor the Binion association adds much to the value, IMO.
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United States
224 Posts
 Posted 08/12/2017  5:42 pm  Show Profile   Bookmark this reply Add otto to your friends list Get a Link to this Reply
They're "soft grades", and are probably less desirable than the ones that received "hard grades" (i.e. MS-64)
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United States
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 Posted 08/12/2017  6:46 pm  Show Profile   Check yellow88's eBay Listings Bookmark this reply Add yellow88 to your friends list Get a Link to this Reply
Thank you for all the feedback. The story behind the "Binion Silver Hoard" is pretty sad too.
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 Posted 08/12/2017  10:03 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
You see the dollars at coin shows fairly frequently. Even a small show somebody will have one somewhere. The interesting bit of History, they are a recognized horde.

The full set is less common I don't think I've ever seen one. But I don't think it adds a lot to the value.
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 Posted 08/12/2017  10:58 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
Interesting backstory. Are those NGC-graded? binionsilverhoard.com is not an active domain.
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 Posted 08/13/2017  12:50 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
The interesting bit of History, they are a recognized horde.
I agree.

Probably only a small set of people are going to assign any premium to these, but those people do exist.
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12894 Posts
 Posted 08/13/2017  01:51 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
MS60 pretty much the most common grade for EACH of these coins.
For instance I have never seen a circulated VG Kennedy half, and I would think MS64 would be more common than Fine.

Seems to be a 'marketing' product to me.
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 Posted 08/13/2017  7:35 pm  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
These sets were advertised by direct-to-market outlets such as HSN, QVC, etc. as well as in mass-market publications.

Most of the coins were low grade Uncirculated, MS60-MS62. Examples with very low serial numbers and higher-grade coins are scarcer and slightly more desirable.

That being said, they are a good way to obtain very inexpensive coins with tangible links to a famous figure in gambling history.

The better coins (mostly Morgans) from the Binion hoard were slabbed in different NGC holders, as part of the "Binion Collection", given individual numeric grades, and sold separately, and occasionally those do bring premiums based on grade and coin. The rest, including the Uncirculated type-set issues, were sold off in bulk and aimed at the casual collector market.
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 Posted 08/14/2017  10:38 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
Are those NGC-graded? binionsilverhoard.com is not an active domain.

Yes they are NGC graded. Binnionsilverhoard.com was a site used by the promoter to hype the coins while he was selling them. Once they were all gone he didn't need the site anymore and let it die.
Gary Schmidt
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 Posted 08/14/2017  7:44 pm  Show Profile   Bookmark this reply Add ParlousJoe to your friends list Get a Link to this Reply
Every coin without a label is just another coin.

If you know the Binion Story and what happened to him (there was a movie and a read about what happened to him), it's kind of a neat set to own and/or the graded coins. I believe what happened to Ted Binion and him hoarding these coins gives the coins a little more value because of what happened and how they came to be, they do make interesting conversations about them too. I own a few of the graded coins, they are nice coins for the grades and makes them a little more interesting knowing the story behind them, that's why I bought a few of them and I did have to pay a little more for them because of the interest in them.
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 Posted 08/14/2017  7:56 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
Do appreciate the history behind this hoard and your subsequent coin question ...

While acknowledging all the comments above about the 'special' nature of this hoard ... do caution that common coins (these) will always be common ... so choose your collecting interest appropriately.
Take a look at my other hobby ... http://www.finewoodcrafter.com
Too many hobbies .... too much work .... not enough time.
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United States
119 Posts
 Posted 08/17/2017  8:58 pm  Show Profile   Check yellow88's eBay Listings Bookmark this reply Add yellow88 to your friends list Get a Link to this Reply
Great feedback! Thank you all!
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