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 Replies: 11 / Views: 9,096 |
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Pillar of the Community
United States
1151 Posts |
While waiting in the doctor's office, I was flipping thru some magazine and saw an ad for a $100 union silver proof coin for a mere $100 plus S&H.
The ad stated that some coin expert had found a sketchbook of George T. Morgan at the Smithsonian Institute and it contained sketches of this original design concept. It is now being minted by the New York mint and is encapsulate by NGC.
Anyone have any further info on this "coin"?
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Pillar of the Community
United States
1219 Posts |
This is PROOF that some poor fool will waste their money on it. NGC might put some plastic around it, but I'd be willing to bet they are not buying any of them.
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Rest in Peace
United States
1501 Posts |
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Pillar of the Community
United States
656 Posts |
its not even going to be legal tender.
its 1.50z of silver, thats only like 20 something dollars in silver.
waste of money.
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Rest in Peace
United States
9104 Posts |
It's proof that NGC will gladly accept $3 to help defraud people into thinking they're buying some sort of rare coin. Did you know anyone can call themselves the "Whatever Mint", even if they don't have a coinage press?
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Pillar of the Community
 United States
1151 Posts |
I guess the real question is, was there actually a real design of such a coin by Morgan and why was it never minted as legal tender coinage?
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Pillar of the Community
Poland
3201 Posts |
The design does seem nice.
Since a $10 was 16+ grams, this would have to weigh 160+ grams.. I don't imagine this in circulation..
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Bedrock of the Community
United States
12437 Posts |
Quote:
I guess the real question is, was there actually a real design of such a coin by Morgan and why was it never minted as legal tender coinage?
I do know that a Half Union($50) pattern was created but it was never actually authorized to become a circulating denomination. It would stand to reason that if a Half Union actually existed as a pattern coin, then Morgan did consider designing a Union as well but never actually struck a pattern since the Half Union version never took off. The closest thing to a Half Union that was ever released was the two $50 Pan Pac commems in 1915. |
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Valued Member
United States
112 Posts |
I heard a radio ad today for the $100 dollar silver union coin from the "New York Mint"
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Pillar of the Community
United States
6326 Posts |
"New York Mint" = private mint overpriced junk...... But that's just my little opinion from my little corner of the planet !! You can go back through the annals of time and find similar things, I'm sure, with all coins...... all of them had "different concepts" for designs by dozens of famous artists that were "going to be used" and then they decided/chose something else for the coin. Leave it to "private mint companies" to sift through the "trash heap" of designs to try to find yet another way to "sell" coins, or medals, or "silver rounds", etc. etc. etc. Bad purchase I say !......  |
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Pillar of the Community
United Kingdom
1682 Posts |
I was amazed also to see that it was in an NGC holder.
When did they start slabbing such items or did they always do that? Which of the other major grading companies do such things?
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Pillar of the Community
United States
6326 Posts |
The good ole phrase......... "Buy the Coin, Not the Slab" !............wise words those !!
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Replies: 11 / Views: 9,096 |
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Posted 09/01/2008 5:47 pm
