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Finding Twenty MS 1893-S Morgan Dollars

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Paul Bulgerin's Avatar
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 Posted 06/30/2019  4:44 pm Show Profile   Bookmark this topic Add Paul Bulgerin to your friends list Get a Link to this Message Number of Subscribers
I received the latest copy of "The Numismatist" yesterday. It had a long article debating whether or not the 1873-S Liberty Seated dollar ever existed.

In the article I read this astounding line, "This practice of holding back leftover coins (which was done at least once) was proven many years ago when the amazingly lucky owner of an original bag of 1892-S Morgan dollars found 20 or more uncirculated 1893-S dollars inside."

It goes on to state "the only Mint State 1893-S dollars known today can be traced to this numismatic jackpot!"

Does anyone have information on this? I'd love to know more.

Thanks.
Paul Bulgerin
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Coinfrog's Avatar
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 Posted 06/30/2019  4:52 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Great story, first I've heard of it. There were some amazing finds during the Great Treasury Release.
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thecoinguy1964's Avatar
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 Posted 06/30/2019  7:05 pm  Show Profile   Bookmark this reply Add thecoinguy1964 to your friends list Get a Link to this Reply
Great storyline, is there a link?
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Paul Bulgerin's Avatar
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 Posted 06/30/2019  7:49 pm  Show Profile   Bookmark this reply Add Paul Bulgerin to your friends list Get a Link to this Reply
I don't have an online link, but it's in the July 2019 edition of "The Numismatist", referenced in the article: "Not a Ghost of a Chance: Revisiting the Mystery of the 1873-S Seated Liberty dollars".

Maybe someone can provide an online link. I'm a new ANA member and have not yet explored what's available online.

BTW - There is also a "Editor's Desk" column by Barbara Gregory which, in passing, encourages numismatists to refer to the coinage series as "Seated Liberty" and not "Liberty Seated".
Paul Bulgerin
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Conder101's Avatar
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 Posted 07/01/2019  3:25 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Never heard the story, and it doesn't mean any coin were "held back". More likely at the end of 1892 in San Francisco there was a bag that was a few coins short and they finished it off with the first few dollars struck in 1893.
Edited by Conder101
07/01/2019 3:25 pm
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jimbucks's Avatar
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 Posted 07/01/2019  6:45 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
Actually, I believe the OP has it wrong. 28 of the 1893-S coins were found in an original mint bag of 1894-S Morgans brought into a bank in Montana in the 1960s.
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Paul Bulgerin's Avatar
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 Posted 07/01/2019  8:02 pm  Show Profile   Bookmark this reply Add Paul Bulgerin to your friends list Get a Link to this Reply
I was quoting the article from "The Numismatist" that said twenty were found in a bag of 1892-S Morgans.

The article is by Tom DeLorey and Dan Owens.
Paul Bulgerin
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jimbucks's Avatar
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 Posted 07/01/2019  8:11 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
The following is from PCGS CoinFacts.


Quote:
John Love: Many of the mint state examples that survive today come from a group of about 28 originals uncs that were found in an original mint bag of 1894-Ss that came into a bank in Great Falls, Montana in the early 1960's. I ended up acquiring about five pieces from the owner. The first one I paid $2800 for in about 1965 or 1966. The quality of the coins was approximately what we'd now call MS63 or MS64. This was the only find of this extremely important date that I know of. You would have thought that LaVere Redfield would have had some, but he didn't.
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Paul Bulgerin's Avatar
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 Posted 07/01/2019  8:34 pm  Show Profile   Bookmark this reply Add Paul Bulgerin to your friends list Get a Link to this Reply
Thanks for the information. So, the bag showed up in the 1960s.
Paul Bulgerin
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