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One Million Silver Dollars

Che_GrapesChe_Grapes Posts: 1,851 ✭✭✭✭✭

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    rnkmyer1rnkmyer1 Posts: 525 ✭✭✭✭✭

    Interesting link - good read!

    “The thrill of the hunt never gets old”

    PCGS Registry: Screaming Eagles
    Copperindian

    Retired sets: Soaring Eagles
    Copperindian

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    TwoSides2aCoinTwoSides2aCoin Posts: 43,849 ✭✭✭✭✭

    I wonder how many have been sent off for grading since then. How many in NGC, PCGS, etc., ?
    Profound. How many have been to CAC ? Here is a guessing thread.

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    coastaljerseyguycoastaljerseyguy Posts: 1,249 ✭✭✭✭✭

    I read the article. I'm confused. No Morgans were minted after 1904 up till 1921. Wouldn't the mint have sealed the annual production of Morgans immediately, instead of waiting 6+ years. Or why rebag and seal unless there was an issue with the original bags. I would have thought the majority of the 64 Treasury release were in the original bags, unless they split open or were damaged. Any input appreciated.

    Once at the fair, 800,000 of the dollars in bags, all Mint-sealed between 1910 and 1915, were stacked in the center of a Behlen corn crib enclosed in glass. “Then over and around the bags were poured a clinking cascade of 200,000 Peace dollars: 1,000,000 silver dollars, just for looks, just sitting there gathering 167 dollars a day in interest.”
    In the November 1962 Coins, they offered a single silver dollar from the exhibit at $1.95, with a limit of two per person. These were likely the Peace dollars. The 1,000 silver dollars in original mint-sealed bags, likely all Morgans, with date tags ranging from 1909 to 1914, were available for purchase at $1,500. There was a five-bag limit.

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    rte592rte592 Posts: 1,453 ✭✭✭✭✭

    They would need more than one motorcycle cop to transport them today.

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    TimNHTimNH Posts: 128 ✭✭✭

    No wonder the cheeks on those things are always all scraped up.

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    2windy2fish2windy2fish Posts: 817 ✭✭✭✭✭

    Fascinating read!
    Thanks for posting.
    We will never know but can you imagine how many of those ended up in GSA holders?

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    coastaljerseyguycoastaljerseyguy Posts: 1,249 ✭✭✭✭✭

    @CaptHenway

    That makes sense. Great to have members here who know the history of the Mint & coinage. Wonder if a lot of these were the 04-O Morgans that were in low supply and expensive at one time that suddenly became readily available. There were 3.7MM of them minted and a lot of UNC's suddenly turned up back then.

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    291fifth291fifth Posts: 23,944 ✭✭✭✭✭

    @TwoSides2aCoin said:
    I wonder how many have been sent off for grading since then. How many in NGC, PCGS, etc., ?
    Profound. How many have been to CAC ? Here is a guessing thread.

    When accounting for crackouts and stickers ... 4,328,297!

    All glory is fleeting.
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    Glen2022Glen2022 Posts: 844 ✭✭✭✭

    I will take 5 bags at $1500 each. Where do I send the check?

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    WinLoseWinWinLoseWin Posts: 1,481 ✭✭✭✭✭

    Has anyone seen original packaging for individual dollars sold there or know if any was used?

    "To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin

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    goldengolden Posts: 9,067 ✭✭✭✭✭

    I remember a friend telling me about that.

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    Dave99BDave99B Posts: 8,363 ✭✭✭✭✭

    I saw that in person in 1962. I was only 6 years old, but I vividly remember being blown away.

    Dave

    Always looking for original, better date VF20-VF35 Barber quarters and halves, and a quality beer.
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    LakesammmanLakesammman Posts: 17,294 ✭✭✭✭✭

    A local couple bought 1000 of them after the fair. The husband sold the better ones, about 90, to support his mistress. I helped the widow sell the remainder. Many were culls sent for melt.

    They had wrapped the coins in tissue paper and the dollars had an interesting pinkish hue. By the time I got involved, there were no numismatically interesting coins.

    Thanks for posting the picture of the display!

    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko.
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    CuprinkorCuprinkor Posts: 202 ✭✭✭

    I've read and heard about the million silver display at the '62 World's Fair in Seattle but never saw a picture. The color photo is excellent - like I'm right there.

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    thebeavthebeav Posts: 3,754 ✭✭✭✭✭

    Has anyone see a label on a slab certifying one of these ?

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    SaorAlbaSaorAlba Posts: 7,481 ✭✭✭✭✭

    @Lakesammman said:
    A local couple bought 1000 of them after the fair. The husband sold the better ones, about 90, to support his mistress. I helped the widow sell the remainder. Many were culls sent for melt.

    Now there is a story! How did his wife become a widow?

    In memory of my kitty Seryozha 14.2.1996 ~ 13.9.2016 and Shadow 3.4.2015 - 16.4.21
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    CaptHenwayCaptHenway Posts: 31,562 ✭✭✭✭✭

    There is a picture of the official snap-loc holder in here, and a link to an earlier article about the coins:

    https://www.coinbooks.org/club_nbs_esylum_v17n40.html

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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    PapiNEPapiNE Posts: 281 ✭✭✭

    A mental image of me hanging over those dollars from a rope in the ceiling instantly came to mind. And then I wondered if the ceiling had sensors. What's wrong with me?

    USAF veteran 1984-2005

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