Perry Hoard - Salt Lake City

If true that's amazing to have 25K Morgans. That's an inheritance anybody would like! About 657 million Morgans were made, millions were melted through the years. There's no way to know how many remain but I've seen estimates of 50 to 100 million or more are still around. I don't think a dump of his Morgans would change the market much. What's important is to look for the scarce, key dates which are more valuable like the 1893 S or mint errors. It would be wise to learn about this or find someone that can go through them, not just take them to a dealer as a lot.

Morgan dollar errors and varieties are called VAMs, collectors will pay high amounts for some of them. You can check this out on Vamworld.

Many of the Morgans were sold by the Treasury and from bank vaults in the 1960s-1970s. Private owners kept bags of them. The grading companies have recognized some of these with labels such as the Binion Vegas Casino hoard, Olathe Kansas Bank Hoard etc. Sending some in for grading with their own label is something to consider. I'm not aware of any recent original bags of Morgans or huge bulk lots being sold but there's likely some still out there. There's probably an online site with a list of Morgan hoards or at least stories about them like the Binion hoard.

Here is pic of bags of Morgan dollars in a Treasury vault in the 1910s, colorized.

Thanks living, appreciate the note. From his messages I don't think he is too knowledgeable about Morgan's but who knows. He says has sold over $100k in sets since January. He starts his books at $24k and they go up from there. 48 coins a book. Anyway thought it was pretty wild.

I'm always skeptical of these sales.

On the surface, appears to be an interesting story. Only speaking for myself--I don't have a rosy warm feeling about this. Again, just me... Wonder what a respected/established/authoritative numismatic publication would make of this.