Any Suggestions for Buying a Coin from the Binion Hoard?
ATimeBeforeBitcoin
Posts: 15 ✭✭
I'm curious about how much of a premium these coins still command over non-Binion coins, if any?
Do you think some are a better investment than others?
I'd love to just buy one of the cheaper ones, but I dont mind spending a bit more if it seems like it would be a better investment. Any suggestions on which ones I should hunt for? Thanks!
I might turn back still... it's a bit macabre to collect stuff that is at all associated with a murder, but I have something else that is signed by Jack Binion and would like some more stuff to go with it.
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I don't know that the marketplace attaches any premium at all to this label and can imagine it is a negative feature for some, as well. As far as "investment", well, I wouldn't use that word.
In honor of the memory of Cpl. Michael E. Thompson
Way to many were encapsulated to make it an investment, in my opinion. I see them very often as I'm in vegas. They do seem to command a premium as locals can relate to Ted. The last three coin graded set I bought, just before the pandemic, I paid $150. Ended up selling for $175. They were issued, all NGC graded, in singles, pairs, threes and four coin sets. A lot of sets were or have been broken up, so if I were to "invest" it would be in the three coin set. Probably worth $250 for the 4 coin in the box with cert, etc. Singles are about $100 each or so it appears. Why not spend the extra and get 4 coins?
bob
vegas, baby!
don't do it unless you want the label .... 1964 BU dimes and quarters are not worth $20-40
the only 'invesment' would be the silver and you can buy cheaper
I did a search for "Binion silver dollar" on eBay and 56 results came up.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
$160 for some circulated silver.
Buy the coin not the holder comes to mind. I only look for Morgans currently, but I have not seen any Binion coins that impressed me. Not worth a premium to me.
https://www.smallcopperguy.com
Just for pure collecting purposes and the fact that I watched the trial on TV when it was taking place, I found and added a decent Morgan Dollar as well as a Binion’s Hotel & Casino $1 Chip to my collection.
I've always been of the opinion that coin hoarders went for quantity moreso than quality. BU being the target, but not high nor even medium BU coins. JMO
Jim
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