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Got Morgans From The Bank Today!

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Pillar of the Community
DNA's Avatar
United States
2734 Posts
 Posted 10/10/2009  11:55 am  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
I do wonder if there is a coin shop near where mercapri302 lives.
This may be a case of there being no local coin shop to sell the
coins to, and the old man presumably didn't have Internet access.

In a large city like Denver, many jewelry shops would be only too
happy to buy your 90% silver coins and pay you an equitable junk
silver value. There's a jewelry shop within walking distance from my
house that (currently) would pay me 10× face in cash for 90% Silver
coins.

In a way, it's good for mercapri302 that the old man
didn't think to take them to a jewelry shop. The old man would have
got junk silver value for them, but coins sold to jewelry shops are
much more likely to be melted, especially common dates and VF or less
coins. Based on the date/mintmarks given, I would say that a jewelry
shop would have had all of those melted.
Pillar of the Community
XavierOfGreen's Avatar
United States
2589 Posts
 Posted 10/10/2009  7:54 pm  Show Profile   Bookmark this reply Add XavierOfGreen to your friends list Get a Link to this Reply
I found a morgan in circulation once, a heavily damaged 1880 in ag from a coin machine. Your find is simply amazing though,two or three of those seem to be in au/bu condition. When I was a bank teller myself, if people deposited coins of numismatic or bullion value I would warn them that they might be worth premium if they took them to a dealer. However if people were depositing a few wheats or a single silver dime/quarter I wouldnt tell them as they most likely received it in their pocket change. On the reverse side I would always make every attempt possible to try to get silver coins from my fellow tellers, who were ignorant of the coins worth. Most people under 30 have no idea that silver was ever in coins at all, less that coins could actually be worth more than face.

Excellent finds!
-XoG
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echizento's Avatar
United States
23731 Posts
 Posted 10/10/2009  8:04 pm  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
Fantastic!, congrats.
New Member
Tellmeaboutit's Avatar
United States
1 Posts
 Posted 10/10/2009  9:01 pm  Show Profile   Bookmark this reply Add Tellmeaboutit to your friends list Get a Link to this Reply
This is awesome.I am a teller at a bank and find some of the most amazing stuff, usually when auditing our coin counter. Tips for those looking for rare coins: you are more likely to find them at banks that use older coin machines that they service themselves. If the machine is in the lobby, these are serviced by outside companies and the tellers never see the contents. Also our old machine tends to accept things it shouldn't; silver coins, foriegn coins,ect. I have found amazing money as well as very old foriegn coins like Lira. Items worth far more than the face value, most of my tellers just dump coins from the container the customer brings, and wouldn't recognize a valuable one if it bit them in the hand.
Valued Member
BuffaloLover's Avatar
United States
62 Posts
 Posted 10/10/2009  9:37 pm  Show Profile   Bookmark this reply Add BuffaloLover to your friends list Get a Link to this Reply
I try to buy coins that go into the bank counters that are not in the lobby, but they have all said to me they can't sell them to me. They say they have to go back to the Fed. I would love to get my hands on a bag from a coin machine.
Valued Member
Maine_Jim's Avatar
United States
121 Posts
 Posted 10/10/2009  10:21 pm  Show Profile   Bookmark this reply Add Maine_Jim to your friends list Get a Link to this Reply
Amazing find there. I stumbled on a similar find in halves last month. A solid roll of Walkers, one of Bens and one mixed. I was amazed that they were just handed to me. The halves I can kinda see happening as I've been roll searching a while and after getting them so often am not surprised but never a Morgan - that is truly something. Congrats - and I can't see how anyone would just turn in those.

Maine_Jim
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