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What Are The Odds?

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collect4fun's Avatar
United States
1151 Posts
 Posted 02/09/2005  10:55 pm Show Profile   Bookmark this topic Add collect4fun to your friends list Get a Link to this Message Number of Subscribers
Zakgold posted a story about the 1903 O Morgan stash "found" in the Mint vaults and what it did to prices.

What are the odds that there are more forgotten coins in the depths of the Mints vaults?
Rest in Peace
catman's Avatar
United States
954 Posts
 Posted 02/10/2005  12:10 am  Show Profile   Bookmark this reply Add catman to your friends list Get a Link to this Reply
None..! The coins that were found in the mint vaults were the GSA CC silver dollars. The General Services Administration was created to sell off these dollars. After they were sold they were placed in charge of selling off all government excess and used stuff. There were no more coins --- they looked !!!

catman
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Susanlynn9's Avatar
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5877 Posts
 Posted 02/10/2005  09:47 am  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
I have a question...what about the Carson City mint? Is the building still standing or what happened to it? Is it now a museum?
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 Posted 02/10/2005  10:48 am  Show Profile   Bookmark this reply Add collect4fun to your friends list Get a Link to this Reply
quote:
Originally posted by Susanlynn9

I have a question...what about the Carson City mint? Is the building still standing or what happened to it? Is it now a museum?



"In 1941, the old structure was salvaged to serve as the new home of the Nevada State Museum, a role in which it continues to the present day. Though threatened again by an earthquake some years ago, the building has been seismically refitted and should remain open for many years to come.

Among the museum's several exhibits is a collection of coins minted there between 1870 and 1893. Though it lacks the famed 1876-CC twenty-cent piece, one of the great American rarities, as well as the rare 1873-CC dime and quarter dollar without arrows, this assemblage is otherwise complete by date and denomination. It also includes a number of vintage dies used by the mint. One of the facility's most popular exhibits is an accurate recreation of a Nevada mine, the very lifeblood of this region during its most fabled days."


Hickson, Howard, Mint Mark CC: The Story of the United States Mint at Carson City, Nevada, The Nevada State Museum, Carson City, NV, 1972.

Edited by collect4fun
02/10/2005 11:00 am
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Susanlynn9's Avatar
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 Posted 02/10/2005  10:56 am  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
Thank you for the info. I went and searched for more info because I wanted to know what happened with the original presses and here is what I found:

http://dmla.clan.lib.nv.us/docs/mus...c/press1.htm

Very interesting reading!
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United States
2724 Posts
 Posted 02/10/2005  10:58 am  Show Profile   Bookmark this reply Add national dealer to your friends list Get a Link to this Reply
Did everyone forget about the 1999 and 2000 Quarters the Mint mysterously found and wanted to sell in 2002?
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Susanlynn9's Avatar
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 Posted 02/10/2005  11:06 am  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
I know I should know about this, but I don't. I wasn't very active in numismatics in 2002. That was the point when I started selling my collection. So I would love more information on this.
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United States
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 Posted 02/10/2005  3:37 pm  Show Profile   Bookmark this reply Add national dealer to your friends list Get a Link to this Reply
The US Mint "found" Statehood Quarter bags and rolls in late 2002. Of course at the time, the first issues DE and PA were bringing substantial premiums. If memory serves right, they were over a hundred dollars a roll. The US Mint wanted to put together a sales campaign to release these "found" coins. Many of us dealers protested, and in the short lived wisdom, the Mint stated that these "found" coins were not of good enough quality to sell at retail. They have stated that these "found" coins were melted.
The US Mint is by far and away the largest coin dealer in the world. They know exactly how to market and promote these little discs of metal. Each time our market moves towards a trend, the mint is right behind. They currently sell 5 of the six denominations in "collector" sets.
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