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One Million Silver Dollars

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Pillar of the Community

United States
619 Posts
 Posted 07/18/2008  4:13 pm Show Profile   Bookmark this topic Add deadmunny to your friends list Get a Link to this Message Number of Subscribers
Pretty neat display of silver dollars.

http://www.numismaticnews.net/flips...Dollars.aspx
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biggfredd's Avatar
United States
9104 Posts
 Posted 07/18/2008  4:20 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
Wonder why they carted them in from Philly, when there were surely plenty in San Fran? They actually circulated out there.
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1sikevo's Avatar
United States
1130 Posts
 Posted 07/18/2008  4:20 pm  Show Profile   Bookmark this reply Add 1sikevo to your friends list Get a Link to this Reply
Interesting.
That million silver dollars would be worth 15 times that amount today in melt value alone, not to mention that most of those Morgans were uncirculated.
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1954siel's Avatar
United States
77 Posts
 Posted 07/20/2008  3:29 pm  Show Profile   Bookmark this reply Add 1954siel to your friends list Get a Link to this Reply
That would be a hard goal for just one collector today to do on their own.
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biokemist6's Avatar
United States
12437 Posts
 Posted 07/21/2008  12:06 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
It would have been difficult for an individual to do 40 or 50 years ago too. Ted Binion accumulated about 100,000 and LaVere Redfield had about 400,000 which are two of the largest private hoards ever accumulated.
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1954siel's Avatar
United States
77 Posts
 Posted 07/21/2008  8:12 pm  Show Profile   Bookmark this reply Add 1954siel to your friends list Get a Link to this Reply
100,000 is even a tall order. WOW.
Pillar of the Community
United States
619 Posts
 Posted 07/22/2008  01:21 am  Show Profile   Bookmark this reply Add deadmunny to your friends list Get a Link to this Reply

Quote:
It would have been difficult for an individual to do 40 or 50 years ago too. Ted Binion accumulated about 100,000 and LaVere Redfield had about 400,000 which are two of the largest private hoards ever accumulated
.

Evidently, some group bought the Binion collection for 3 million and had the coins graded and sold them individually. The website below shows a list of coins still for sale. All the Carson City's must have been grabbed right away because there are none left.

http://www.binioncollection.com/BinionCoins.htm

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biokemist6's Avatar
United States
12437 Posts
 Posted 07/22/2008  08:45 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
The Redfield Hoard was also purchased whole in the 70s for $7+ million by A-Mark/Paramount and then sold over the period of a few years. The coins were slabbed but since these were the pre-TPG days(and pre incremental MS grade days), they were placed in oversized slabs with cardboard inserts that were red for MS65 and black for MS60.
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origamono's Avatar
United States
6 Posts
 Posted 07/22/2008  10:56 am  Show Profile   Bookmark this reply Add origamono to your friends list Get a Link to this Reply
Really cool!
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