What are the odds of another GSA Morgan type event?

nwcs

I know the answer is 0, but I always hope that I'm wrong. What do you think the odds are that the mint will "discover" some old coins that they will sell to the public in a similar manner to the GSA Morgans? Surely if those Morgans hung around for so long then, there might be more now.

Probably hanging around the rumored bag of 1964D Peace dollars. (I read that Francisi died in 1964, I wonder if there's some weird coincidence that he died after they cancelled the return of the Peace dollar?)

Neil

LanLord

Well the smart arse in me says 50 - 50, because either it will or it won't happen

But realisticly, there was some rather special changes going on in the time when those first ones came to light. We were converting off the silver base for our coinage and therefore it seems likely that banks and most govt agencies needed to do an audit for silver to remove it from circulation. This seems to preclude another GSA find of that nature. But we can all hope

jtryka

I think it will happen eventually, as I think there are just too many things laying around in Mint/Treasury vaults. As the Mint looks for more ways to make money from collectors, they will start digging for stuff. After all, they are now selling Mercury dime cufflinks and State quarter spoons, so why not another hoard? That would really generate the interest/revenues. I think the next one could be gold, just because I don't think that every gold coin was melted in 33. If there are bags of gold still in some vault, imagine how much they could get for a grab bag of unc Saints or Indians? I just have to believe there are lots of hidden treasures locked away.

nwcs

If there was a grab bag of Saints, I would have to go into debt and get a second mortgage so I could get a few!!! But I do think there are some bags lying around somewhere that have either been forgotten or ignored that should be liberated to those who can properly enjoy them.

Neil

DHeath

Neil,

I'm afraid they're hoarding SBA's and Sacs as we speak for the next release.

nwcs

Yeah, I know they were hoarding all those ladies. The wall flower women, as I like to think of them. No one will take them out to the dance. But I hope the better looking women are hiding behind the buffet line!

darktone

Hey guy's there was a large(20,000?) hoard of saints found a few years ago in a Wells Fargo vault. They were all 1908 no motto saint gaudens. Most were MS65-66. It is true this was not a US government hoard but it was neat find. I got one laying around somewhere if anyone wants to see it I can post a picture. Mike

Pushkin

NWCS,


You got it right. ZERO

halfnut

The year 2080 - The Office of Plastic ( previously known as the US Mint ) holds a GSA sale of obsalete Dollar coins from the 1970's to the end of the production of the Dollar coin ( 2002 ). A hoard of never used dollars have been found in vault and now will be sold off to any fool that wants them.



Dan

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gmarguli

There is a lot of talk that later date Saint bags were sent to Europe. There are very likely bags of gold sitting in Eurpoean countries. However, it is very likely foreign stuff. While I am sure US bags exist I wouldn't count on it being anything like the massive scale of the GSA dollars.

MICHAELDIXON

When I was in Germany in 1984, I bought 20 BU 1883 O Morgan dollars from a German bank. They had just opened an original bag and the manager said they had "several." Unfortunately, I didn't have money at the time. So I think there are many bags of silver and gold coins in the European countries.

dorkkarl

i fully expect it will happen again. i'm not so sure they were such a great investment the 1st time around, though. esp. if you take into account inflation.

K S

jtryka

Michael, how much did they charge you for those Morgans?

vam44

Anybody recall the mint`s sale of circulated dollars,maybe 10 years back from the San Francisco mint`s "display"?
It caused somewhat of a ruckus at the time because they were supposedly low grade junk dollars,and the mint was charging I think around $25.
The reason I ask is,as I was going thru some stuff, I found a plush blue green us mint box with a 84o dollar about ms-62 that I`d forgotten about.The coin has some nice toning on the obverse and a brilliant reverse.
Anybody familiar with this sale,or have any of these dollars?

Conder101

Yes I remember it. Do you know wht those dollars were? They were the 300 some odd dollars that were culled out of the GSA sale a unsaleable. They were used as part of an exhibit at the old San Francisco mint until it closed down and then they were sold off on the mints mailing list AFTER a final examination was made to pull out any scarce or rare dates. I thought it was hilareous reading letters to the editors in the trade papers from people complaining that they had been ripped off by the mint because after paying three times retail for a random selection from a group of twice picked over culls, all they got was junk. Writers were saying that they had been hoping to get a rare or at least a scarcer date. Hello! They SAID they were pulling the better pieces out!

vam44

Conder 101,
Sounds like I have a cherished memento from the bygone days of the old west...er,at least the deep south...New Orleans.Well, it does have nice toning and with only 300 or so around,possibly a valuable "last chance offering"(until the next forgotten hoard is found)from the famous GSA dollar hoard.

itsnotjustme

Didn't they just have a fiasco over 1999 & 2000 proof sets? Perhaps Buffalo Dollars are next!

RGL

Hmmmm ... let's see. I just paid $7.6 mill for a '33 Double Eagle and a bag surfaces in the vaults ...

keets

considering that the GSA held sales in the early 70's and again in 1980, and coupled with the fact of the non-circulating Ike's and SBA's of that period being stored SOMEWHERE from then to now, i'd suspect that coins may still exist buried behind all those. just what all the morgan guys need.

al h.

coynclecter

I'm sure there are hoards around. Most of the Saints went to foreign countries and there are still bags I'm sure in South America. I remember in ther 80s dealers were all over Europe offering big bucks for the gold coins sitting in the vaults. I think they are pretty well picked but I'm sure there were some people who didn't need the money and just left them sitting in there. None of these, thought, private or public will reach the scale of the GSA or Redfield hoards.