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Binion Junk Coins
rooksmith
Posts: 972 ✭✭✭✭
After not being serious about coin collecting since I was a kid, I'm suddenly bitten by the bug
A year or so ago, after a few too many beers, I was looking on eBay and saw one of those old lots. I thought it might be fun to sort through it to see if there were any rare coins. Plus I still have some half filled Mercury Dime Whitman folder. (You can tell what an amateur collector I am)
The extra coins they threw in to sweeten the deal made it seem like at least $50 worth of coins. (there were some shield nickels, 3 reasonably decent Buffalo Nickels. and some Indian Head Pennies).
Now I'm finally getting around to deciding what to do with the damn thing.
Its about what I paid for in value - Theres a lesson here, but its more about the sizzle than the steak. I know that the Binion Silver Dollars go for quite a bit, but they were authenicated through NGC. And of course this in no way is one of those silver dollar deals. There is a VG 41 Walking Liberty Half 64 Kennedy Half, and about a roll of Wheat Pennies, maybe 4-5 Mercury Dimes (mostly 40's - g-VG).
So what do I do with this thing? I mean after all, the hoopla of the Benny Binion murder is getting old. Will NGC accept something like this as proof that it is indeed a Binion coin? How good is this Certificate of Authenticity anyway?
I think tts time to search through it to see if theres a 1909 S VDB penny in there. Trouble is I'm just not a big wheat penny fan. I put them in a tube and wait until I get 50 - then sell them on ebay, which is what I should probably do with this pile of pennies. If I open the container, theres no way to prove they came from the Binion Hoard. Plus - lets face it - If I open it, its just $50 worth of scrap metal. If I dont, whos going to believe that piece of paper that says Certificate of Authenticity. And yes. there is a clipped card from the Horshoe Casino in there.
Any thoughts? (Besides - dont drink and troll EBay).
Cheers...
A year or so ago, after a few too many beers, I was looking on eBay and saw one of those old lots. I thought it might be fun to sort through it to see if there were any rare coins. Plus I still have some half filled Mercury Dime Whitman folder. (You can tell what an amateur collector I am)
The extra coins they threw in to sweeten the deal made it seem like at least $50 worth of coins. (there were some shield nickels, 3 reasonably decent Buffalo Nickels. and some Indian Head Pennies).
Now I'm finally getting around to deciding what to do with the damn thing.
Its about what I paid for in value - Theres a lesson here, but its more about the sizzle than the steak. I know that the Binion Silver Dollars go for quite a bit, but they were authenicated through NGC. And of course this in no way is one of those silver dollar deals. There is a VG 41 Walking Liberty Half 64 Kennedy Half, and about a roll of Wheat Pennies, maybe 4-5 Mercury Dimes (mostly 40's - g-VG).
So what do I do with this thing? I mean after all, the hoopla of the Benny Binion murder is getting old. Will NGC accept something like this as proof that it is indeed a Binion coin? How good is this Certificate of Authenticity anyway?
I think tts time to search through it to see if theres a 1909 S VDB penny in there. Trouble is I'm just not a big wheat penny fan. I put them in a tube and wait until I get 50 - then sell them on ebay, which is what I should probably do with this pile of pennies. If I open the container, theres no way to prove they came from the Binion Hoard. Plus - lets face it - If I open it, its just $50 worth of scrap metal. If I dont, whos going to believe that piece of paper that says Certificate of Authenticity. And yes. there is a clipped card from the Horshoe Casino in there.
Any thoughts? (Besides - dont drink and troll EBay).
Cheers...
“When you don't know what you're talking about, it's hard to know when you're finished.” - Tommy Smothers
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The title to your thread says it all - JUNK! Perhaps a modest premium over bulk because of the Binion name, but I'll guarantee you there will be no '09-S VDB nor any other rare coin. These lots have all been picked over.
Mike
Lincoln Wheats (1909 - 1958) Basic Set - Always Interested in Upgrading!
"Don't drink and troll EBay" works for me
Wow -- This was my first thread I started from way back in 2006 !
Wow, flash forward 11 years later! 2-02-2017
I just got promoted to COLLECTOR !!
[Collectors Universe] Congratulations! You've been promoted to Collector.
Collectors Universe noreply@collectors.vanillaforums.com
To rooksmith Today at 9:19 PM
Collectors Universe https://forums.collectors.com/
Congratulations! You've been promoted to Collector.
Check it out: https://forums.collectors.com/profile
I used to own several NGC graded Binion coins I bought from Coin Vault before I ventured here. I sold them several years ago and was quite surprised that there was still some collector interest in these.
Box of 20
Congratulations!
Benny Binion is the father, more or less, of the current 'World Poker Championship'.....Pretty cool !
@rooksmith...... Well... what did you ever do with that lot?? Now that the thread is current, inquiring minds want to know....Cheers, RickO