Some cool info on the Treasury release of $1 bags
KenzoT
Posts: 307
This comes from the January, 1964 issue of Numismatic Scrapbook Magazine and I found it very interesting, you may also.
They had a section in the January issue called "The Crystal Ball" where they asked dealers for thier predictions for the coin market for the coming year.
Most said that the roll market will continue to soar but because of the Treasury release of BAGS of dollars, most seem to take a cautious approach to Morgans because no one knew what was going to come out of there. The BU 1903-O had gone from being a $1500 coin (1960 price) to $15 in 1963 because of this release.
Richard Duszynski picked a winner: "1894-P Silver Dollars. There were only 110,000 of these minted. You can buy them in BU condition for $120 or less. The 1893-s has a mintage of 100,000, and in the same condition sells for $900 to $1,000. This is why I believe the 94-P will be a $500 coin in a short period of time."
Here's the interesting part.International Coin Investor said:
"TIP: Many bags of uncirculated silver dollars, are bagged in the following manner.
Some $1,000.00 bags of silver dollars are received in a total of four or five seperate bags, each bag being placed into another bag without the opening of the original bag or the breaking of the mint or Federal Reserve seals. For years the policy and practice has been during the inspection of the canvas bags any found to be worn or rotten from storage over the many years, were simply placed into another bag and re-sealed.
Some of the bags we have seen that contained uncirculated coins had three bags with the Federal Reserve serals intact enclosing the original bag that was sealed with a mint seal."
Would that make MOST bag toned Morgan's AT'ed because it was not original?
They had a section in the January issue called "The Crystal Ball" where they asked dealers for thier predictions for the coin market for the coming year.
Most said that the roll market will continue to soar but because of the Treasury release of BAGS of dollars, most seem to take a cautious approach to Morgans because no one knew what was going to come out of there. The BU 1903-O had gone from being a $1500 coin (1960 price) to $15 in 1963 because of this release.
Richard Duszynski picked a winner: "1894-P Silver Dollars. There were only 110,000 of these minted. You can buy them in BU condition for $120 or less. The 1893-s has a mintage of 100,000, and in the same condition sells for $900 to $1,000. This is why I believe the 94-P will be a $500 coin in a short period of time."
Here's the interesting part.International Coin Investor said:
"TIP: Many bags of uncirculated silver dollars, are bagged in the following manner.
Some $1,000.00 bags of silver dollars are received in a total of four or five seperate bags, each bag being placed into another bag without the opening of the original bag or the breaking of the mint or Federal Reserve seals. For years the policy and practice has been during the inspection of the canvas bags any found to be worn or rotten from storage over the many years, were simply placed into another bag and re-sealed.
Some of the bags we have seen that contained uncirculated coins had three bags with the Federal Reserve serals intact enclosing the original bag that was sealed with a mint seal."
Would that make MOST bag toned Morgan's AT'ed because it was not original?
0
Comments
<<Would that make MOST bag toned Morgan's AT'ed because it was not original?>>
Not according to how most people define AT and "original".