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 Replies: 28 / Views: 3,129 |
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Pillar of the Community
United States
1780 Posts |
...In 1961, an older brother of a friend had returned from Las Vegas, & had brought back several silver dollars with the dates x'd out ... see pic that I "photoshopped" (as an example) posted here ... The silver dollars were used in slot machines. He told us that the casinos did this to discourage people from keeping them, rather than cashing them for paper cash. ...At that time, silver dollars could be had from a bank for $1 each, when the banks had them (if I remember correctly, silver was about 90 cents per ounce in 1961)... ,..Has anyone seen these, or have any in their collections?...the only "casino" silver dollars I've seen recently were hoarded intact ...  Edited by mrwiskers
11/26/2024 1:05 pm
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Moderator
 United States
187446 Posts |
Very interesting.  |
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Pillar of the Community
United States
3848 Posts |
Hmmm very interesting. Never seen an example of these before.
Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
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Pillar of the Community
United States
7273 Posts |
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Pillar of the Community
United States
5601 Posts |
Hello Mrwiskers, Nice seeing These Again.Slot Machine Silver dollars of the Days gone bye. For those who used these in Slot machines , Morgans and Peace Silver dollars Were the Coins of the Day back when the casinos opened in Las Vegas During the early to mid 1900's. I remember seeing an Article in a paper that an Old Casino bar was Laminated with all the originally used coins from the slots. The Morgan and Peace Silver dollars were Sealed in Polyurethane, for all to see. While drinking seeing Silver dollars in your Face .... Designing with Silver coins that cost $1.00 each.  The article went on to say the Bar was closing after 50 something years and the Bar was auctioned off with All Those Sweet Silver Dollars, In the end those dollars were painstakingly removed and carefully sorted and sold... Imagine the VAMS and Die breaks, Extra-Hair, Tail-on the O, Clashed letters, etc.......... ........ |
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Pillar of the Community
United States
5601 Posts |
Great article Helder, Thanks.....  |
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Pillar of the Community
United States
2213 Posts |
Thanks hfjacinto for the link, I'd never heard of the sandblasting. There are thousands of verified casino or casino owner owned Morgan and Peace slabbed/graded like Binion, Fitzgerald, El Cortez casinos. I have a few. I've never seen one with date defaced or the whole coin sandblasted. It was not a common practice.
Edited by livingwater
11/26/2024 2:07 pm
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Moderator
United States
187446 Posts |
Quote: Here is a Coin World article on the practice. Thank your for sharing. Yikes. Sandblasted!  |
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Pillar of the Community
 United States
1780 Posts |
@hfjacinto @Morgan's Dad ... thanks for the info & follow-up, guys ...
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Bedrock of the Community
United States
24878 Posts |
Quote:
Circa 1964...
Goe said this exchange was around the time when several casinos in Reno had ordered 1.5 million silver dollars from the Treasury Department at face value. Inordinately fascinated by bits of metal with strange markings and figures
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Pillar of the Community
United States
2829 Posts |
Learned something new again today, thanks for the post/comments. |
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Bedrock of the Community
United States
94367 Posts |
Very interesting, though I can see how someone might say the X's look photoshopped.
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Pillar of the Community
United States
1780 Posts |
.AGAIN ... yes, the image I posted is not an actual coin as I described ... I don't possess any of those X'd out dollars ... I took a stock image & did the Xing myself, as a representative of what the dollars looked like ... going from memory, 63 years ago ...
...was hoping someone here may have one of these, & post an actual photo ... sorry for any confusion about this...wasn't trying to mis-represent that image as genuine ... dang!...who couldn't tell it is "photo-shopped"...lol ...
...look at the image again ...read the caption below the image ...
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Bedrock of the Community
United States
94367 Posts |
Aha!  |
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Pillar of the Community
United States
7273 Posts |
Quote:
There are thousands of verified casino or casino owner owned Morgan and Peace slabbed/graded like Binion, Fitzgerald, El Cortez casinos. I have a few. I've never seen one with date defaced or the whole coin sandblasted. It was not a common practice. In the article it stated it was one casino (Harrah's in Reno) and it only occured the last year of silver currency (1964) and it sounded like 1 dealer acquired the majority of the coins, probably why they are rarely if ever seen. |
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Pillar of the Community
United States
6988 Posts |
Quote:
There are thousands of verified casino or casino owner owned Morgan and Peace slabbed/graded like Binion, Fitzgerald, El Cortez casinos. I have a few. I've never seen one with date defaced or the whole coin sandblasted. It was not a common practice. I believe those slabbed dollars were stored in the casinos vaults to cover the value of chips used at the table games. The poster (Mrwiskers) is talking about the slot machines which only took coins. |
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Replies: 28 / Views: 3,129 |
Posted 11/26/2024 1:10 pm
