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 Replies: 30 / Views: 10,138 |
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Pillar of the Community
United States
2541 Posts |
I don't know why this just popped into my head, but it did. I'm also thinking that since they may be over 100 years old, there could be so many bag hits from the bag being moved around (or potentially not if it's been sitting somewhere for the last 80 + years).
Any thoughts?
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Pillar of the Community
United States
745 Posts |
unopened bags of Morgans or Peace dollars? if someone does, he is rich...maybe Bill Gates? |
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Valued Member
United States
361 Posts |
LOL, maybe that will be the next big thing on ebay. Unsearched $1000 bags of Morgans. |
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Bedrock of the Community
Australia
21786 Posts |
I can still remember the adverts in coin magazines regarding the release of Carson City coins some decades ago. I could see an obvious oppportunity for investment, but my collecting interests lay elsewhere at the time.
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Pillar of the Community
United States
3540 Posts |
You can bet there are a couple. Less than ten. ...and not by one person.
People have put away a lot of different items...you can bet a bag or two of silver dollars is one of them.
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Moderator
 United States
14463 Posts |
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Pillar of the Community
United States
1554 Posts |
Probably...but very few, there have been unsubstantiated rumors over the years. I have a tendency to beleive there are some. I have a dealer friend with unopened roles, common date.
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Bedrock of the Community
United States
14454 Posts |
they used to be pretty common to find unopened bags of Morgans, I haven't heard of very many changing hands recently but there are a few bags still out there. The last one I remember hearing about sold for $20,000.00 which was 20x face and it was a sealed bag, so you don't have to be Bill Gates rich to acquire them but you probably have to be a substantial dealer or collector for them to even be offered. I have even seen a few bags offered on ebay within the past 10 years (since I have been collecting) and used to see 5 or 10 rolls all the time. I remember when a roll of common date Morgans were selling for 4-500 dollars. I haven't seen any of those in awhile though, unless you see those made up rolls that they claim are from the Carson City Bank and always have a DMPL on one end |
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Pillar of the Community
United States
9792 Posts |
Sealed or sewn bags have mostly been searched, at least for the date and mint mark, easy to do with out opening the bag, if you know the trick. A small hole from a lit cigarette was made in the canvas bag, then you maneuver the coin to see the date and mint mark, that's the way it was done in during the 1960's release of ten of thousands of bags to the public at face value by the Federal Reserve banks. The slightly lighter bags would bring a premium, because they were made up with teller drawer pulls and bank deposits of mixed dates and mint marks. This was told in in detail in one of my favorite coin books "Adventures in Rare Coins" by Q. David Bowers. An old acquaintance of mine along with several other dealers purchased one of the last big hoards in the 90's "The Wells Fargo Hoard" of 1908 No Motto $20 Saints (around 15,000 of them) they all went to PCGS and less than 800 graded MS65 or better. So even with a lot of coins finding the gem ones isn't so easy. The most famous known silver dollar hoard was of course the Redfield Collection, It had over 600 bags that's 600,000+ Silver Dollars, some complete bags of rare dates were in that find. The Continental-Illinois National Bank hoard of silver dollars was the next big one around 1000 bags of solid date mint mark dollars in uncirculated and more than 500 bags of circulated dollars. Even with all of those coins hitting the market the prices never fell. I know of a few dealers that still have bags (whether or not they are still sealed is a guess). My father had an opportunity to visit Amon Carter Harry Bass in the early 1960's in his office in Fort Worth, he had an entire room set-up like a museum to display some of his favorite pieces, Dad told me there was a vault door at the end of the room that wouldn't close as there were so many bags of coins piled up in it, he remembered seeing several bags of Indian cents and silver dollars that had burst open and the coins were spilling out all over other bags. (My Dad didn't collect coins but said that was pretty impressive sight to see - no kidding). I'd bet there are quite a few bags of Morgans still around, at the Denver ANA convention in 1995 I remember several dealers had 1/2 and 1/4 bags of common date (1881-S, 1889-P, 1891-P and 1921-P & D) uncirculated dollars for sale. I've seen the occasional sealed full bag at shows through out the 90's and early 2000's, haven't seen any in a few years since myself. A shop I worked at in Colorado had a few bags put away by the owner, he wasn't planning on selling them - as he only paid a little over face back when he acquired them. Sealed bags mean sewn shut then banded with wire and a lead crimp end. I can't remember ever seeing any bags of sealed Peace dollars for sale or listed for sale. Here is the whole story of the 1960's sales of sealed dollars, quite an interesting (and drool worthy) read. http://www.pcgs.com/books/silver-do...r14-001.aspxI Edited-Harry Bass to Amon Carter since my Dad passed away I can't ask him but I'm prety sure it was Amon now that I think about it. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440Edited by westcoin
01/21/2012 9:45 pm
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Rest in Peace
United States
9104 Posts |
I'm sure there are hundreds of unopened bags of silver dollars, but their owners have kept quiet about them.
After all, an original roll of svdbs showed up recently.
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Pillar of the Community
United States
9792 Posts |
 with biggdredd, there are a lot of them still in existence! More than you might think, even this long after they were released. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Pillar of the Community
United States
1554 Posts |
Westcoin, BigFred... So a few of us here know of unopened rolls and some bags of Morgans. I personally have saved Collectibles since 1968 and have left them untouched. Why I say this is people including myself just stash STUFF and leave it AS IS. mind you not bags of Morgans BUT, what I've always suspected is there are Rarer dates stashed of Rolls if not bags of Morgans. I would not be suprised at all if some surface in the next few years as our generations parents are gone or about to be so and we may want to show them/ I hope I'm making some sense, I've been up since early morning and at the S. St. Paul Coin Show all day, got home a few hours ago. I saw a large lot of MS64+ mixed lot for sale today of all date Morgans stashed since 1980 and sold. Anyways I'd be interested in your thoughts...
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Pillar of the Community
United States
1554 Posts |
I forgot to say in the above post I know there is Fresh Stuff around as I have been Cherrypicking through a stash of 1878/78Rev 1879S 1880S 1885O 1896 many PL and DMPL and higher grades as my budget permits. Must be 400 or so coins. It's interesting as the 1878/78Rev all have the same clash to varying degrees. 1880S many PL--DMPL. Anyways...
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Pillar of the Community
United States
9792 Posts |
Quote from John Ford Jr. in Q. David Bowers Silver Dollar & Trade dollar Encyclopedia QDB -"How many silver dollars did New Netherlands (Coin Shop) handle at the time?" JJF - "I remember at one point we figured that we handled about 140,000 1881-S dollars alone, and nearly all of these were prooflike. This amounted to 140 bags. I had to laugh a few years ago when some guy told me how rare 1881-S prooflikes were! I estimated that we handled about 20 bags a day, five days a week, for about a month and a half. We handled a lot of other coins besides 1881-S, but I have forgotten the dates." This was from an interview in 1992 about the Government release of dollars from the vaults to the public in 1952-1962. There are a lot more Morgan silver dollars in collectors hands than many think, most are in pretty good condition too.  "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Rest in Peace
United States
9104 Posts |
Check the pop reports on some common Morgans in ms65.
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Pillar of the Community
United States
1432 Posts |
Imagine how the market price would be affected if a sealed bag of 1893-S showed up.
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Replies: 30 / Views: 10,138 |
Posted 01/20/2012 11:34 pm
