Toned Binion Morgans..... Storage Question. Edited to add an example
stman
Posts: 11,352 ✭✭✭✭✭
I'm wondering about the bags these were stored in. If they were stored in the same canvas bags the mint used. I'm curious because some of the colors are different then what we usually see. One person mentioned maybe cloth bags. But I see some with the textile pattern on them. Actually I have one with color and textile bag tone on it.
Anyone have any info on exactly what kind of bags they were stored in. Thanks in advance for any input.
Anyone have any info on exactly what kind of bags they were stored in. Thanks in advance for any input.
Please... Save The Stories, Just Answer My Questions, And Tell Me How Much!!!!!
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That's a keen observation on your part......the part about the difference in colors. I too noticed when first examining Binion coins that many possessed colors I've not seen frequently on mint bag toned Morgans. In particular, I've seen many with an olive-green color that I rarely see on other Morgans.
As I understand the story, Binion was both buying silver dollars raw and gleaning them from this casino operations. But I doubt seriously that he was storing them in the same cloth bags that the mints used. Cloth bags, yes, but not the same bags. Think about it, how many original mint bags have you ever seen? In the last 20 years of collecting, I've managed to buy 2 original mint bags from the CC mint and a single piece from the New Orleans mint. That's it!
I suspect that the difference in color of the Binion coins from most toned Morgans is a combination from both the particular cloth bags that he used and from the unique climate conditions under which the coins were stored.
That opinion, and 75 cents, should get you a cup of coffee in most cafes.
GSAGUY
<< <i>an olive-green color >>
Exactly what my toned Binion has....it's real light, and does have some other nicer color on the fringes.
Of coarse the Nevada dessert is hot.... but being underground is there a big difference between there, and a mint vault?
I'd like to hear Dog's thoughts on the subject because he definitely knows a lot about how the planchets were handled, etc and that does play a role in a toned coin's final appearance.
However, I've seen Binion coins from a variety of dates and mintmarks that still are quite different from anything else I've seen before for those same dates and mintmarks. Personally, I've got to believe that some of these differences can be attributed to either storage climate, the nature of the bags in which they were stored, or both.....all other things being equal.
GSAGUY
Edited to add: You've got to believe that the storage conditions in Nevada (whether underground or not) would be dramatically different than those experienced by coins stored in joint-sealed rooms in the Treasury in Washington, D.C. Also remember, the Binion coins didn't spend 80 years acquiring their color.
WWW,
I've got them filled with bright white silver dollars and stashed in a secret underground hiding place. I'm going to leave them undisturbed until 2075 and then check them to see how they're doing.
I'm going to rich I tell you, RICH!!!!!
GSAGUY
Nice coin.
You know, I bet you could take most of the nicely toned Binion pieces, put them in a line up with other toned Morgans, and with a little experience anyone could pick them out of the line up! There's just something about them....they've got a certain look.
GSAGUY
This leads me to think 1 of 2 things;
#1 Storage method had nothing to do with it.
#2 The Redfield coins were dipped before sold.
Interesting question about whether the Redfield coins were dipped. I wonder if anyone here knows the answer. The peripheral toning on the Redfields is often attributed to the insert in the Paramount holders. And it is likely that most of the Redfield bags were stored in banks around the country before Redfield acquired them and had them shipped to Nevada.
CG
However the colors do seem to be similar to those on Morgans.
Here's one I just picked up. It's a 65* with only 2 graded higher and probably neither are toned.
Michael
I don't know the answer to the question about whether the Redfield coins were dipped, but it's certainly not outside the realm of believeabliity. During that timeframe, the mid 70's, it was quite common to dip toned coins as most buyer demanded bright white coins.
And CalGold is correct. I would attribute most of the rim toning on Redfield dollars to the inserts.....some producing dramatically beautiful blues and reds.
GSAGUY