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Toned Silver Dollar Hoards - how many can we name? (with pictures)

U1chicagoU1chicago Posts: 6,039 ✭✭✭✭✭
edited November 29, 2021 5:53PM in U.S. Coin Forum

A comment from @Zoins in a recent thread made me wonder how many silver dollar hoards can we name that featured at least a few toned examples? I have come up with several and will include pictures from Great Collections (these are not mine, just nice examples I found while searching GC). If you have any please post your pictures. And if you know of any hoards that I missed, please share and we will add it to this post.

Battle Creek
https://www.ngccoin.com/news/article/272/
This is probably the best known and features many nicely toned Morgans. While the hoard was certified at NGC, some coins have crossed to PCGS and kept their provenance. I'm including photos of a PCGS example, an NGC with star, and an NGC with no grade (just an "uncirculated" designation).






Binion
https://coinweek.com/coins/certified-coins-news/pedigrees-hoards-the-binion-hoard/
Both Peace Dollars and Morgans are known as part of this hoard.



Continental Bank Hoard
Many of these seem to not be marked on the holder. I'm including an NGC example that has the pedigree but it isn't really toned. Below is an old thread and a comment that is pertinent to this thread.
https://forums.collectors.com/discussion/126632/hidden-toning
"I believe the last REALLY 'big find' was the Continental Bank Hoard which consisted of hundreds of original, unopened bags of dollars that were sitting in the basement vaults of the Continental Bank in downtown Chicago and were found during an audit. Some of the toned coins in this hoard are IMO among the finest toned dollars in existance."

Olathe Dollar Hoard

Mapes Casino Hoard
The only tidbit I could find: "...once belonged to Charles Mapes, Jr., the owner of the Mapes Hotel in Reno, NV. Littleton Coin Company, bought the original bag and had them recognized with the pedigree."
https://coins.www.collectors-society.com/wcm/CoinView.aspx?sc=515437

Lincoln Highway Hoard
"This Hoard received its' name (pedigree) because of the proximity of the findings in a farmhouse in rural Pennsylvania near the Lincoln Highway. The hoard contained over 8,000 Morgan silver dollars, including many scarce dates and mintmarks secured directly from the release of the U.S. Treasury Hoard in the early 1960s. When the New York Mint of Minneapolis, MN, acquired the Hoard -- as is becoming popular with coin marketers -- they requested authenticating agencies to add the pedigree name to the label."
https://www.coincommunity.com/forum/topic.asp?TOPIC_ID=122745

New York Bank Hoard
https://www.coinworld.com/news/precious-metals/silver-dollar-hoard-from-1960s-government-sale.html

Nevada Casino Hoard

Great Southern Treasury Hoard
https://news.coinupdate.com/ngc-certifies-impressive-hoard-of-new-orleans-mint-morgan-dollars/

GSA Hoard
https://www.pcgs.com/news/gsa-hoard-morgan-dollar-carson-city-sets
Note: NGC will grade these by putting a ribbon over the original holder. PCGS grades these by encapsulating the entire GSA slab in a large PCGS slab.



Redfield Collection & Paramount
https://www.pcgs.com/news/a-history-of-major-us-hoards-redfield-hoard
This includes both Redfield and non-Redfield coins in Paramount International Coin Corp holders. Note: NGC will grade these by putting a ribbon over the original holder (similar to their process with GSA holders).



And here is a link to a Heritage auction with one of the few I've seen with a star from NGC:
https://coins.ha.com/itm/redfield-dollars/silver-and-related-dollars/1897-1-ms65-paramount-ms64-ngc-ex-this-is-not-an-ngc-holder-the-ngc-guarantee-does-not-apply-to-this-coin-ngc-cen/a/1211-9445.s?ic4=ListView-ShortDescription-071515

"314" Leather Pouch Peace $ Hoard
Shoutout to @TonerGuy for the reminder on this one. There is a sizable number of Peace Dollars in older NGC slabs starting with the cert number "314xxx-xxx"....there is some controversy with these regarding if they are natural or AT. Some speculate that the toning was accelerated via the leather pouches.
Here is a thread with some more info:
https://forums.collectors.com/discussion/901601/whats-your-opinion-on-the-314-leather-pouch-peace-hoard


Fitzgerald Collection (also referred to as Fitzgerald’s Nevada Club Reno Hoard)
https://coinweek.com/education/pedigrees-hoards-fitzgerald-collection/

T-Rex Collection
Shoutout to @DelawareDoons for this one, including this info:
"There were the "T Rex Collection" bags out of Scotsman a few years back too. Two bags just chock full of monster toners. A mini-hoard from a farmers wife that came in after the farmer passed."

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Aurora Orban Collection
This one I'm moving to the bottom. I've seen a few over the years but there isn't much information and it's more likely someone's collection rather than a hoard.

T.CORK Toned Estate
This appears to be another collection that I have occasionally seen over the years. All the coins seem to have been slabbed at PCI (later generation gold holders).
CU thread with more info:
https://forums.collectors.com/discussion/974345/gem-morgan-toner-pedigreed-to-t-cork

From CU member @DrewU : "I recall him being a really nice, slightly eccentric dealer out of Tennessee. I would usually run into him at the Clearwater show and bought and sold a few nice pieces with him (this example included) around 2002-2006. He had a strange habit of cracking everything he purchased and getting it slabbed by PCI as T. Cork Toned Estate. There was no T. Cork Toned Estate per se, it was just his inventory that he would crack and generally get upgraded a point a PCI (probably now the legit market grade in 2017; also some of these slabs were accurately graded at the time to be fair)."


Comments

  • DelawareDoonsDelawareDoons Posts: 3,413 ✭✭✭✭✭

    While not formally named, virtually every nice bag toned 1896 Morgan you see came from a bag break a few years back. Several 68's in the bag, a few with insane color.

    Pretty sure my '96 was from that bag as well.

    "It's like God, Family, Country, except Sticker, Plastic, Coin."

  • U1chicagoU1chicago Posts: 6,039 ✭✭✭✭✭
    edited November 29, 2021 1:26PM

    @DelawareDoons said:
    While not formally named, virtually every nice bag toned 1896 Morgan you see came from a bag break a few years back. Several 68's in the bag, a few with insane color.

    Pretty sure my '96 was from that bag as well.

    I heard that too. Someone told me to not pay up for 1896s since there would be more that would flood the market. I haven't seen enough of a flood yet to suppress prices (and don't expect it to happen).

  • U1chicagoU1chicago Posts: 6,039 ✭✭✭✭✭

    Note that some of the hoards in the original post have very little information. Some of these were likely just marketing hype and thus will have almost no information besides the name of the hoard on the label.

  • DelawareDoonsDelawareDoons Posts: 3,413 ✭✭✭✭✭

    @U1chicago said:

    @DelawareDoons said:
    While not formally named, virtually every nice bag toned 1896 Morgan you see came from a bag break a few years back. Several 68's in the bag, a few with insane color.

    Pretty sure my '96 was from that bag as well.

    I heard that too. Someone told me to not pay up for 1896s since there would be more that would flood the market. I haven't seen enough of a flood yet to suppress prices (and don't expect it to happen).

    I think whoever has them is slowly selling 'em out. They did all the reverse toners first, and are now trickling out the obverse toners.

    "It's like God, Family, Country, except Sticker, Plastic, Coin."

  • david3142david3142 Posts: 3,534 ✭✭✭✭✭
    edited November 29, 2021 1:59PM

    @DelawareDoons said:

    @U1chicago said:

    @DelawareDoons said:
    While not formally named, virtually every nice bag toned 1896 Morgan you see came from a bag break a few years back. Several 68's in the bag, a few with insane color.

    Pretty sure my '96 was from that bag as well.

    I heard that too. Someone told me to not pay up for 1896s since there would be more that would flood the market. I haven't seen enough of a flood yet to suppress prices (and don't expect it to happen).

    I think whoever has them is slowly selling 'em out. They did all the reverse toners first, and are now trickling out the obverse toners.

    IMO there are already so many toned 1896 Morgans that I would treat them like an 1885-O or 1886. I’ll pay for the color but the date is just too easy to garner an additional premium.

    Very nice named collection summary! If you are going to have Aurora Orban in there, (which was a collection not a hoard, right?) then you should also include Northern Lights and probably Roadrunner and Sunnywood-Simpson too.

  • DelawareDoonsDelawareDoons Posts: 3,413 ✭✭✭✭✭
    edited November 29, 2021 1:57PM

    @david3142 said:

    @DelawareDoons said:

    @U1chicago said:

    @DelawareDoons said:
    While not formally named, virtually every nice bag toned 1896 Morgan you see came from a bag break a few years back. Several 68's in the bag, a few with insane color.

    Pretty sure my '96 was from that bag as well.

    I heard that too. Someone told me to not pay up for 1896s since there would be more that would flood the market. I haven't seen enough of a flood yet to suppress prices (and don't expect it to happen).

    I think whoever has them is slowly selling 'em out. They did all the reverse toners first, and are now trickling out the obverse toners.

    IMO there are already so many toned 1896 Morgans that I would treat them like an 1885-O or 1886. I’ll pay for the color but the date is just too easy to garner an additional premium.

    It was a tougher date with nice* color before this bag. Just sayin.

    *YMMV.

    "It's like God, Family, Country, except Sticker, Plastic, Coin."

  • DelawareDoonsDelawareDoons Posts: 3,413 ✭✭✭✭✭

    Also not sure I'd include the Redfields since they mostly toned in the holders.

    "It's like God, Family, Country, except Sticker, Plastic, Coin."

  • TonerGuyTonerGuy Posts: 590 ✭✭✭

    Leather Bag / Newspaper Peace $ Hoard... look for toned Peace $ in NGC holder with cert numbers starting with 314...

  • U1chicagoU1chicago Posts: 6,039 ✭✭✭✭✭

    @TonerGuy said:
    Leather Bag / Newspaper Peace $ Hoard... look for toned Peace $ in NGC holder with cert numbers starting with 314...

    Thanks for the reminder! I just added that one to the list.
    Also I remembered and added the Fitzgerald Collection/Hoard

  • U1chicagoU1chicago Posts: 6,039 ✭✭✭✭✭

    @DelawareDoons said:
    Also not sure I'd include the Redfields since they mostly toned in the holders.

    I'm including it as that is a hoard with toners (be it from the holder or not). There are also a few with more dramatic color that might not have been completely caused by the holder.

  • U1chicagoU1chicago Posts: 6,039 ✭✭✭✭✭
    edited November 29, 2021 3:47PM

    @david3142 said:

    @DelawareDoons said:

    @U1chicago said:

    @DelawareDoons said:
    While not formally named, virtually every nice bag toned 1896 Morgan you see came from a bag break a few years back. Several 68's in the bag, a few with insane color.

    Pretty sure my '96 was from that bag as well.

    I heard that too. Someone told me to not pay up for 1896s since there would be more that would flood the market. I haven't seen enough of a flood yet to suppress prices (and don't expect it to happen).

    I think whoever has them is slowly selling 'em out. They did all the reverse toners first, and are now trickling out the obverse toners.

    IMO there are already so many toned 1896 Morgans that I would treat them like an 1885-O or 1886. I’ll pay for the color but the date is just too easy to garner an additional premium.

    Very nice named collection summary! If you are going to have Aurora Orban in there, (which was a collection not a hoard, right?) then you should also include Northern Lights and probably Roadrunner and Sunnywood-Simpson too.

    I've never definitively heard what Aurora Orban is. I think you are right that it is a collection that someone was able to get a pedigree on before selling. The focus of the thread is more on hoards, so I don't really want to include collections. For this reason, I moved it to the bottom with a note. I also remembered about the T. Cork Toned Estate; that is also more of a collection but it has an interesting story-which is part of the lure of these hoards (so it also gets a spot at the end).

    As far as 1896 Morgans, I agree with you and have thought for a while now that it's part of the common dates in terms of color (premium for the color but not the date).

  • Bigbuck1975Bigbuck1975 Posts: 1,262 ✭✭✭✭✭
    edited November 29, 2021 3:38PM

    I saw some of the T Cork PCI coins at a shop in Clarksville TN owned by Johnnie Gilreath who was into toned coins when toned coins weren’t cool. I remember him saying he sold a lot of toned coins to Mr. Cork. I called the shop to catch up with Johnnie a few months back but was saddened to hear of his passing last year.

  • U1chicagoU1chicago Posts: 6,039 ✭✭✭✭✭

    @Bigbuck1975 said:
    I saw some of the T Cork PCI coins at a shop in Clarksville TN owned by Johnnie Gilreath who was into toned coins when toned coins weren’t cool. I remember him saying he sold a lot of toned coins to Mr. Cork. I called the shop to catch up with Johnnie a few months back but was saddened to hear of his passing last year.

    Thanks for sharing your experiences and I'm sorry to hear about Johnnie. It sounds like he was well ahead of the times!

  • DelawareDoonsDelawareDoons Posts: 3,413 ✭✭✭✭✭

    There were the "T Rex Collection" bags out of Scotsman a few years back too. Two bags just chock full of monster toners. A mini-hoard from a farmers wife that came in after the farmer passed.

    https://www.scoins.com/auction.aspx?a=15

    Search "T-Rex" and go to pages 2-5. Lance Tchor bought a lot of it from what I understand.

    "It's like God, Family, Country, except Sticker, Plastic, Coin."

  • U1chicagoU1chicago Posts: 6,039 ✭✭✭✭✭

    @DelawareDoons said:
    There were the "T Rex Collection" bags out of Scotsman a few years back too. Two bags just chock full of monster toners. A mini-hoard from a farmers wife that came in after the farmer passed.

    https://www.scoins.com/auction.aspx?a=15

    Search "T-Rex" and go to pages 2-5. Lance Tchor bought a lot of it from what I understand.

    Thanks! I added it to the post. I recall seeing a few nice ones on eBay several years back.

  • JimWJimW Posts: 561 ✭✭✭✭

    I have a 314 Peace dollar - two questions if I may:
    1) The specimen pictured above has CAC, does that lend any credence to NT?
    2) Is anyone aware of successful crossovers into PCGS holders?

    Many Thanks!
    Jim

    Successful BST Transactions: erwindoc, VTchaser, moursund, robkool, RelicKING, Herb_T, Meltdown, ElmerFusterpuck

  • U1chicagoU1chicago Posts: 6,039 ✭✭✭✭✭
    edited April 22, 2023 11:56AM

    @JimW said:
    I have a 314 Peace dollar - two questions if I may:
    1) The specimen pictured above has CAC, does that lend any credence to NT?
    2) Is anyone aware of successful crossovers into PCGS holders?

    Many Thanks!
    Jim

    Take a look at this thread:
    https://forums.collectors.com/discussion/1090455/the-leather-pouch-peace-dollar-hoard-314-hoard-and-cac

    Theoretically having a CAC sticker means they think the color is market acceptable (JA has mentioned in a video that he will reject coins that straight graded but he believes are AT).

    In the linked thread, someone posted an example in a PCGS holder that has a similar look to these NGC 314 Peace Dollars. Maybe it was crossed or it could have been submitted raw. I haven’t personally heard of anyone trying to cross (successfully or unsuccessfully).

  • coastaljerseyguycoastaljerseyguy Posts: 1,360 ✭✭✭✭✭
    edited April 22, 2023 1:51PM

    Thanks for sharing, beautiful coins. For some of these monster toners above, don't care what some folks say here on the boards, can never be duplicated by AT means. JMHO

  • Inspired70Inspired70 Posts: 557 ✭✭✭✭✭

  • Old thread and I haven't posted since circa 2013, but Speaking of toned peace dollars I bought a collection in November off a local lady and within that large collection were 3 metal cases lined with velvet over a plastic insert 1970s cheese wiz type marketed cases 5 peace dollars per case 1922-1926 Philly. They all toned in the those cases with a couple toning in a magnificent array of colors seldom seen on Peace Dollars , most particularly the first 1922.

  • Cougar1978Cougar1978 Posts: 8,233 ✭✭✭✭✭

    I think the game plan would be for somebody who is in that segment of numismatics start a spreadsheet by hoard name, etc then fill in the data as much as situation permits. Possibly opportunity somebody write a book.

    Coins & Currency

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