I wonder if its another one of those made up stories, didn't see much worth over bullion value in the tray he had on counter- a few frankies,Kennedys and Morgan/Peace dollars, didn't really see much older stuff, cool find if its true.
Call me nutty, but they started by saying that there are coins from the start of our country. If that's the case, wouldn't the likely total be much more than $100,000? Of course everything is grade dependent and coin specific, but... First thought was the $100,000 seemed awefully low.
I wonder if its another one of those made up stories, didn't see much worth over bullion value in the tray he had on counter- a few frankies,Kennedys and Morgan/Peace dollars, didn't really see much older stuff, cool find if its true.
I agree. I can see it now. Ebay auctions of pure crap, telling the treasure story and linking to the newscast to back it all up. I'm jealous. I wish I had thought of it first.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>I'm trying to figure out "20 years ago" and "coin(s) in the 1700s"......
Doesn't sound like just a savings account in the wall.... >>
Sounds like a bunch of BS to me.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>A coin collectors dream was found buried within the walls of a Windber home: rare coins worth at least $100,000.
The coins spanned five feet of wall space and date back to the 1700s, said Jeff Bidelman, who helped make the discovery.
Bidelman said the family who lives at the home told him about a rumor that coins might be hidden in the walls. He said he went with the family to the house, noticed a hole and began knocking to find a hollow spot. Once he found the spot, he kicked in the wall and cut the coins loose.
“They poured out. The force of them…. Was crazy,” Bidelman said.
He said an older couple who lived in the home 20 years ago used the wall as a piggy bank. That turned into a tradition, with more and more people adding to the wall bank. >>
My own story. I own a building built in 1841. About 15 years ago while reinforcing some old walls, I uncovered a small container holding almost 200 indian head cents, mostly in the 1880's and 1890's in grades up to AU. One of them dated in 1899 was uncirculated which leads me to believe that somebody was saving pre 1900 coins. No larger denominations were saved. Possibly it was too expensive to do so?
I also uncovered late 1928 old newspaper articles highlighting a surge of bank failures in New Jersey due to mortgage foreclosures on houses that were declining in prices. The outcry then? Non-amortizing mortgages in which the buyers put no money down!!!!!!
<<<Forget that I used to be a general contract and that I specialized in restoring old homes. This is imho a total bogus story, motivation to increase the value of run of the mill coins or an attempt to make something legit that isn't. >>>
I totaly agree with you, realone, it sounded totaly bogus to to me too. In addition to what you said, the unknown family wishes to remain annonomous (like private auctions on ebay) and all the coins are being handled and sold by the collectibles store. It also says it became a family tradition for generations to put the coins in there yet all this happened in 20 years. Mighty short life spans!
I'm confused... "an older couple who lived in the home 20 years ago used the wall as a piggy bank" and that started the tradition. And there are coins from the 1700s in the there? So back in the 1980s that old couple was just picking out coins dated 1700s from their pocket change? Yeah right. Tell me another one.
"Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
Any day now these coins "from the wall" will be appearing on eBay shown as a single lot. For provenance the eBay seller will either quote and/or show the news article.
Then for only a starting bid of $19.95 the seller will ship the winning bidders 2 coins (of the seller's chosing) from this guaranteed unsearched treasure.
...and just to make sure the buyers get their fair share of this treasure, the seller will toss in a Wheat Cent from this fabulous hoard - guaranteed to be pre-1959 (Almost 50 years old and truly a collectable, he will state).
I can't wait for this eBay listing.
I hope I get a chance to bid and win my 2 coins. I will save the coins - along with a copy of the news article - to help pay for my grandsons' future college education.
Another explanation. We all have read articles about events we knew the details and realized immediately that the press blew several of the facts. it could easily be a real event reported badly. --jerry
Neat story... but it is full of holes. Could be media garble... dates do not add up at all. Lots of discrepancies. I know of 'wall hoards' of coins... that is why I have a special detector for when I get a chance to 'vet' old houses. This story, however, needs much more information. Yep.. watch eBay. Cheers, RickO
"government is not reason, it is not eloquence-it is a force! like fire, it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action." George Washington
Several years ago, the elderly relative of family close to ours to passed away, and as a favor I was recruited to appraise her "Coin Collection."
The thing was huge - boxes and boxes of coins thrown together.
After an exhaustive weekend, I found 1 common date Morgan Dollar, 1 common date Peace doller, 4 40% silver Kennedy's, and 2 or 3 war nickels - the rest was all just regular pocket change.
When I brought the coins back to the family, I said there was bad news and good news: the bad news was that the only collector coins in the collection were worth about $40.00 - but the good news was that the face value of all the other coins came to $1,178.48!
*
Maybe this cache is a quantity over quality situation.
First off, before it gets blown way out of proportion, the old couple that did the saving were in the house 20 years ago. The old copule hadn't been in the house collecting for 20 years!
Secondly, hte story never states how long the older couple had been in the house.
Thirdly, the report never states how old the house was.
I guess it would be possible to have some coins dated in the 1700's in there but they might be barely recognizable as a 1700's coins (read AG to Poor).
Realone points out some interesting observations but again, there is no mention of how old the house was or what happened to the old couple. I would expect that had the old couple dies that their relatives, who had been putting coins in the wall, surely would have mentioned this to the estate attorney's.
But then, given today's creative marketer's, I wouldn't put it past the current owner's of the house to have put their own hole in the wall, filled it with common date crap, contacted the coin dealer (who just happened to buy this story hook line and sinker) who then contacts the local news only to eventually put this stuff on EBay for the unsuspecting public!
I got a question: A hole in the wall that folks have been dropping coins into for "generations" would have ended up a fairly sizeable hole just from the wear of all those fumble fingers wouldn't it?
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
It's true. I live about 30 minutes away and some of the coins date back to the 1700's. There were always rumors about the former owners using the wall as a piggybank. The new owner is giving them the proceeds. If I find out anymore info, I will keep the board informed.
<< <i>20 years?.....Sure ain't much of a tradition..I have underwear that old....I smell fish. >>
Maybe it's time to wash them.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>It's true. I live about 30 minutes away and some of the coins date back to the 1700's. There were always rumors about the former owners using the wall as a piggybank. The new owner is giving them the proceeds. If I find out anymore info, I will keep the board informed.
eddye mack GO STEELERS >>
Better yet, why don't you visit the coin dealer involved and actually 'look' at some of this hoard. He obviously has a shop somewhere close.
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
Comments
Russ, NCNE
I didn't see any home with coins in the wall
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I agree. I can see it now. Ebay auctions of pure crap, telling the treasure story and linking to the newscast to back it all up. I'm jealous. I wish I had thought of it first.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Hoard the keys.
Assuming 16 inch centers on the studs, at 5 feet high, it seems like that sucker would have started bulging at some point.
The name is LEE!
<< <i>Interesting that the wall didn't bulge out from the sheer weight of all that coinage.
Assuming 16 inch centers on the studs, at 5 feet high, it seems like that sucker would have started bulging at some point.
musta been a lot of screws or nails in the stud or they woulda popped out.
Doesn't sound like just a savings account in the wall....
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>I'm trying to figure out "20 years ago" and "coin(s) in the 1700s"......
Doesn't sound like just a savings account in the wall.... >>
Sounds like a bunch of BS to me.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>A coin collectors dream was found buried within the walls of a Windber home: rare coins worth at least $100,000.
The coins spanned five feet of wall space and date back to the 1700s, said Jeff Bidelman, who helped make the discovery.
Bidelman said the family who lives at the home told him about a rumor that coins might be hidden in the walls. He said he went with the family to the house, noticed a hole and began knocking to find a hollow spot. Once he found the spot, he kicked in the wall and cut the coins loose.
“They poured out. The force of them…. Was crazy,” Bidelman said.
He said an older couple who lived in the home 20 years ago used the wall as a piggy bank. That turned into a tradition, with more and more people adding to the wall bank.
>>
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
My own story. I own a building built in 1841. About 15 years ago while reinforcing some old walls, I uncovered a small container holding almost 200 indian head cents, mostly in the 1880's and 1890's in grades up to AU. One of them dated in 1899 was uncirculated which leads me to believe that somebody was saving pre 1900 coins. No larger denominations were saved. Possibly it was too expensive to do so?
I also uncovered late 1928 old newspaper articles highlighting a surge of bank failures in New Jersey due to mortgage foreclosures on houses that were declining in prices. The outcry then? Non-amortizing mortgages in which the buyers put no money down!!!!!!
Eerie, huh?
I totaly agree with you, realone, it sounded totaly bogus to to me too. In addition to what you said, the unknown family wishes to remain annonomous (like private auctions on ebay) and all the coins are being handled and sold by the collectibles store. It also says it became a family tradition for generations to put the coins in there yet all this happened in 20 years. Mighty short life spans!
Just doesn't add up.
"From original rolls"
"Stored in bank vault for 30 years"
"Purchased from owner on promise of anonymity"
Its a tin-horn trick to sell off common coins as premium pedigrees.
Wake up America !!!!
Vietnam Vet 1968-1969
Then for only a starting bid of $19.95 the seller will ship the winning bidders 2 coins (of the seller's chosing) from this guaranteed unsearched treasure.
...and just to make sure the buyers get their fair share of this treasure, the seller will toss in a Wheat Cent from this fabulous hoard - guaranteed to be pre-1959 (Almost 50 years old and truly a collectable, he will state).
I can't wait for this eBay listing.
I hope I get a chance to bid and win my 2 coins. I will save the coins - along with a copy of the news article - to help pay for my grandsons' future college education.
Bye,
Ed R.
The thing was huge - boxes and boxes of coins thrown together.
After an exhaustive weekend, I found 1 common date Morgan Dollar, 1 common date Peace doller, 4 40% silver Kennedy's, and 2 or 3 war nickels - the rest was all just regular pocket change.
When I brought the coins back to the family, I said there was bad news and good news: the bad news was that the only collector coins in the collection were worth about $40.00 - but the good news was that the face value of all the other coins came to $1,178.48!
*
Maybe this cache is a quantity over quality situation.
>>>My Collection
Secondly, hte story never states how long the older couple had been in the house.
Thirdly, the report never states how old the house was.
I guess it would be possible to have some coins dated in the 1700's in there but they might be barely recognizable as a 1700's coins (read AG to Poor).
Realone points out some interesting observations but again, there is no mention of how old the house was or what happened to the old couple. I would expect that had the old couple dies that their relatives, who had been putting coins in the wall, surely would have mentioned this to the estate attorney's.
But then, given today's creative marketer's, I wouldn't put it past the current owner's of the house to have put their own hole in the wall, filled it with common date crap, contacted the coin dealer (who just happened to buy this story hook line and sinker) who then contacts the local news only to eventually put this stuff on EBay for the unsuspecting public!
I got a question: A hole in the wall that folks have been dropping coins into for "generations" would have ended up a fairly sizeable hole just from the wear of all those fumble fingers wouldn't it?
The name is LEE!
An experienced coin dealer scooping coins into a plastic bag and then dragging them downstairs?
<< <i>“I was upstairs digging around,” Bidelman said. “I found a whole pile of coins.”
Scooping them into a plastic bag, he had to drag the heavy load and was starting downstairs when he noticed a hole in the wall.
>>
Brings up some interesting mental imagery!
The name is LEE!
It's true. I live about 30 minutes away and some of the coins date back to the 1700's. There were always rumors about the former owners using the wall as a piggybank. The new owner is giving them the proceeds. If I find out anymore info, I will keep the board informed.
eddye mack
GO STEELERS
<< <i>20 years?.....Sure ain't much of a tradition..I have underwear that old....I smell fish.
Maybe it's time to wash them.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>It's true. I live about 30 minutes away and some of the coins date back to the 1700's. There were always rumors about the former owners using the wall as a piggybank. The new owner is giving them the proceeds. If I find out anymore info, I will keep the board informed.
eddye mack
GO STEELERS >>
Better yet, why don't you visit the coin dealer involved and actually 'look' at some of this hoard. He obviously has a shop somewhere close.
The name is LEE!
could it be ?...........nah...surely not!
The name is LEE!