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 Replies: 14 / Views: 6,751 |
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Pillar of the Community
United States
581 Posts |
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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Pillar of the Community
Canada
5239 Posts |
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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Pillar of the Community
7234 Posts |
True, without the labels they are just uncirculated silver US coins. |
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Rest in Peace
United States
17900 Posts |
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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Pillar of the Community
United States
1326 Posts |
They're "soft grades", and are probably less desirable than the ones that received "hard grades" (i.e. MS-64)
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Pillar of the Community
 United States
581 Posts |
Thank you for all the feedback. The story behind the "Binion Silver Hoard" is pretty sad too.
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Pillar of the Community
 United States
4590 Posts |
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.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Bedrock of the Community
United States
12817 Posts |
Interesting backstory. Are those NGC-graded? binionsilverhoard.com is not an active domain.
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Moderator
 United States
188183 Posts |
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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Bedrock of the Community
Australia
21786 Posts |
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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Bedrock of the Community
United States
12057 Posts |
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.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Bedrock of the Community
United States
17884 Posts |
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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. |
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New Member
United States
3 Posts |
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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Moderator
United States
15414 Posts |
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.
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Pillar of the Community
United States
581 Posts |
Great feedback! Thank you all!
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Replies: 14 / Views: 6,751 |
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Posted 08/12/2017 4:39 pm
