If 100,000 1895 biz strike dollars suddenly turned up... all MS

LincolnCentMan

Would the market on 1895 proof dollars crash?

David

Bear

Remember the 1904-O and 1903-O Morgan Dollars,

after the sudden release of many bags of these , untill

then ,rare dollars. The market absolutely collapsed for

these two O mint years.

magikbilly

Redfield?

mrearlygold

About the same thing that's going to happen when a LOT of real estate starts hitting the market as interest rates continue to rise.

Hahahaha

Tom

ER

<< <i>Would the market on 1895 proof dollars crash?

David >>


YES.

ER

Sorry, double posted.

mrearlygold

It's what happens ER when you go buying overdates

Tom

BAJJERFAN

I expect it would.

Rob790

It would have no effect cause they would all be fake, only 12,880 were minted in Philly that year.

morgannut2

I assume you mean if the 12,880 business strikes that are generally thought to have NEVER been minted (except perhaps as 1894-P's) were to actally exist., and were found in a Federal Bank Vault?

Rob790

We'll never know for sure if they were 1894's or 1895's, unless a genuine MS 1895 turns up. Until such a time, it is all conjecture. But 100,000 MS 1895's have no basis from the mint records and that is all we have right now.

LincolnCentMan

But 100,000 MS 1895's have no basis from the mint records and that is all we have right now.

Dont confuse the issues with the facts....

David

morgannut2

Hey guys- I have just spent hours pouring over coins and douzens of PM's in the Great 1895 Proof dispute ( I think Magicbilly, and I with TDN's suggestion have it sort of figured out--see last posts). I nedd a dispute about business strikes about like I need an even bigger headach than I already have over these darn coins!!!!!

magikbilly

ONE 1895 Morgan at a time, please!


Billy

ER

LincolnCentMan

TDN probably has 644 origional rolls of the 1895 biz strikes in the bunker with his trade dollar collection. He hords all the good stuff.

David

morgannut2

Ok LincolncentMan: I admit that TDN's newly found interest in Morgans has many of us cheap old common Morgan Dollar Collectors running scared! But just wait you evil copper guys, we have a plan to get him interested in buying vast hoards of 1922 no D rolls and that's just a start!!!

LincolnCentMan

DANG!!! I'd better go ahead and get one! I was holding out for one with decent (for the date) obverse details, but I guess I'll have to settle for one of the cruddy ones. It's either that, or go without..... and that darn dansco has that hole in it!

David

jdimmick

Yes,

IMO< It would take the 1895 Proof version back to the level of its other proof counterparts. If the Busines strike coins were discoverd, the 95 Buisness strike Morgan would be the mother of all key date morgan's.

jim

nwcs

Yes, and I'd finally be able to almost afford one!

morgannut2

As a long-time Morgan Collector I have never understood what a proof 1895-P Morgan had to do with anything, at least the circulation strikes anyway. It's a strange mistake caused by some high school drop-out who blindly copied the mint reports from 1895 and assumed they were accurate to publish in the albums. Just looking randomly at the PCGS pops I see about 6000 1897-S Morgans in MS. Multiply by two for the NGC coins that's around 12-13,000 MS coins. The 1897-S sells for about $100 up to $1000 in MS-65 , the same ballpark pop if all the alleged "1895's showed up in unc. It really would be like when the 1903-0 was released in the 60's. Frankly I find the 1878 8TF Proofs more interesting historically and they made fewer of them, although we don't even know that number for sure (Bower's guesses 500).