What would an original, unopened bag of Morgans be worth?

Blade

I am just full of questions today.

What would an original, unopened $1,000 mint bag of common date Morgans be worth? Just for kicks, let's assume that it has sat in a vault untouched for the past 70 years, heightening the possibility of those monster coins so many are seeking these days. If most are MS63, the whole bag would be worth maybe $15,000?

Has anyone heard of one of these being sold, perhaps after Binion kicked the bucket and his silver hoard was sold off?

roadrunner

Believe I've heard of these trading for $20,000 or just a touch more recently.

roadrunner

littlewicher

I remember Art saying once that quite a few of his awesome toned Morgans came from original bags that were opened at shows back in the 80s that he attended. I doubt very many unopened bags exist today. It would be fun, though, to open an original bag searching for gems and monsters.

Russ

Were Binion's Morgans in original sealed bags? I thought he stuffed the bags himself.

Russ, NCNE

KlectorKid

I bet $25,000 wouldnt be unheard of if one were auctioned off today.

truthteller

I was told recently that an original bag of common date dollars sold for $100,000. Just depends on the quality.


TRUTH

dwood

I know where one is

And don't even ask!

KlectorKid

My guess would be that inside a bag most would be 62-64 with a some 65s and maybe a 66 or 2. But after all this time do you think the coins might be more beaten up then one opened in the 1800's because it has been moved more?

K6AZ

I can't speak for anyone else, but I am acutely aware of a certain bag of 83-O Morgans that was bought for $23k. There were about thirty nicely toned coins, about 120 coins toned in such a way to make you go blah, and the rest white. Most graded 63, some 62, 35 in 64, and 11 65s. None graded higher than 65. These were graded by NGC.

rwhite

Dollar bag prices totally depend on date and condition... if the coins are all dogs (no offense dog97 ) then $10k-15k (1881-s) is ok.. If the bags are nice/good color coins, then the sky is the limit.

Dog97

What dogs dream about.....
Going in to tear down an old house & finding a bag stuffed behind a wall in the closet.
Man!!!!

dwood

Dog....you're getting warm

michael

first show me the bad unopened sight seen and then i will tell you

sincerely michael

remumc

I know where 3 are. Been sitting in a safe in Santa Fe, N.M. since the 20's. Damn, I couldn't sleep at night knowing I owned those! I'm working on it, but money doesn't mean much to the owner.

Regards,

Wayne