Know of any current hoards?

stinkinlincoln · May 27, 2009 4:23AM

I know if I was hoarding a date or anything, I wouldnt say anything until I had all that I wanted. But does anyone here know of any current hoards of specific dates or anything? If so, care to share what ya know?

Thanks in advance as always.

tahoe98 · May 27, 2009 4:31AM

...........i think there's a secret hoard of spot-free lincoln loggies and rail splitter lincolns..........................somewhere.

stinkinlincoln · May 27, 2009 4:35AM

HSN?

rld14 · May 27, 2009 4:37AM

Some nitwit on the board has close to a thousand 28-S SLQs.

Oh... wait....

fc · May 27, 2009 4:45AM

lathmach comes to my mind and his collection of coins.

illini420 · May 27, 2009 5:16AM

I know someone with way too many 1908-S Indian Head Cents...

Bear · May 27, 2009 5:24AM

here has been some reference made

of Ghengis Khan and his Hoards.

astrorat · May 27, 2009 5:31AM

What do you define as a hoard...?

Lane

stinkinlincoln · May 27, 2009 5:33AM

Buying up alot of a specific coin.

AskRaq · May 27, 2009 5:33AM

Just how many duplicate examples of the same item does it take to be considered a hoard?

Bear · May 27, 2009 5:33AM

Bigger then a breadbox, but

smaller then an ice box.

stinkinlincoln · May 27, 2009 5:35AM

I cant really give a number as to how many coins youd have to have. What if theres 100 knonw and you own 6-10. Id consider that a modest hoard.

If theres 1 million, maybe 50 or more would be considered a hoard.

Coinosaurus · May 27, 2009 5:35AM

Why would anyone spill the beans here? The whole point of hoarding is price manipulation. It would be pretty dumb to announce it in this forum, don't you think?

stinkinlincoln · May 27, 2009 5:36AM

<<Some nitwit on the board has close to a thousand 28-S SLQs.>>

Id consider that a large hoard.

Bear · May 27, 2009 5:37AM

MMMMmmmmmm, baked beans.

Res · May 27, 2009 5:40AM

<< I cant really give a number as to how many coins youd have to have. What if theres 100 knonw and you own 6-10. Id consider that a modest hoard.

If theres 1 million, maybe 50 or more would be considered a hoard. >>

Why change the percentages? For a million known coins you would need 60,000 for a hoard. 1500 rolls of quarters. That sounds like a hoard.

stinkinlincoln · May 27, 2009 5:41AM

I wasnt really sticking to any given %'s honestly. Just giving my personal take on a hoard. Id consider 1500 rolls a nice size hoard.

AskRaq · May 27, 2009 5:43AM

<< I cant really give a number as to how many coins youd have to have. What if theres 100 knonw and you own 6-10. Id consider that a modest hoard.

If theres 1 million, maybe 50 or more would be considered a hoard. >>

Well, how about percentage-wise?

In your first example, the person would have a "hoard" consisting of between 6% nad 10% of the known population... in the second example the person would only have 0.005% of the known population.

So, is there a minimum percentage of the known population that indicates a "hoarding" of a particular coin?

metalmeister · May 27, 2009 5:45AM

Estate sale ...Why I picked these up? Maybe I just like Red Copper
3,300 1960 LD Cents

stinkinlincoln · May 27, 2009 5:52AM

<<The whole point of hoarding is price manipulation.>> Personally I wasnt even thinking about the value aspect of hoarding when I posted the OP. But yes, this does have a role in hoarding I guess. I was more looking at studying as many of the same coins as possible.

<<3,300 1960 LD Cents>>

Id consider that a hoard.

<<Well, how about percentage-wise? Doesnt that really depend on mintage figures and survival numbers?

In your first example, the person would have a "hoard" consisting of between 6% nad 10% of the known population... in the second example the person would only have 0.005% of the known population.

So, is there a minimum percentage of the known population that indicates a "hoarding" of a particular coin?>> Not sure honestly. Anyone care to share their thoughts?

rhedden · May 27, 2009 5:54AM

I own two examples of the 1873-CC Arrows quarter. What a jerk I am, cornering the market like that.

UtahCoin · May 27, 2009 5:54AM

I know a guy in Las Vegas that has been buying and holding 1893-S Morgan Dollars for years. It seems to me he has close to 200.

KentuckyJ · May 27, 2009 6:19AM

This old forum post and Doug Winter article give some great insights into the concept and desirability, or not, of hoarding.

Old Longacre thread

Doug Winter - The Warehouse Theory of Coin Collecting/Investing Revisited

coinlieutenant · May 27, 2009 6:20AM

Yes.

COINB0Y · May 27, 2009 6:24AM

Yes, a Big Hoard but I am sworn to keep it quiet.

astrorat · May 27, 2009 6:55AM

I did know of two hoards of 20-cent pieces. One was a collector in the South, who had stopped accumulating at about 200 pieces (who then moved on to 1912-S nickels). He was looking to sell his hoard last I spoke with him.

The other was a collector from the East who was trying to disperse a collection of also around 200 pieces. He was "retailing" the coins individually through a mailing list.

Lane

ambro51 · May 27, 2009 7:01AM

haha yup, but a hoard that someone in the future will find when they tear down the reeeeealy big shed we put up in the back yard last year. Right before they set the monster down on its bed of rock...I said "WAIT".

Went inside, and I had two mason jars full of loose change.

well, now they are smack dab under the middle of the shed, nestled in the rock bed, out of harms way.

wont someone have a blast when they find that!!!

rld14 · May 27, 2009 7:26AM

<< <<Some nitwit on the board has close to a thousand 28-S SLQs.>>

Id consider that a large hoard. >>

I forgot to mention details of said hoard. Die Break/cud at the date? 30+ of those now.

Reverse cud? 20, 1 in AU, 2 in MS. One is an NGC MS64 with a strikethrough on the reverse as well.

Tens of each RPM known.

1 with a reverse cud not listed anywhere (Knauss, Cline...)

Teardrop? 20+ of those.

If I have, say, 850 of them or so right now with another 20-30 incoming, and they minted 2,644,000 of them, hwo many do ya think still exist? 5% of the original mintage? Now that I think about it, I might own close to .5% of all the survivors, I bet I have about the biggest hoard of them out there, especially with some of the die varieties and die clashes.

stinkinlincoln · May 27, 2009 7:29AM

Got pics?

rld14 · May 27, 2009 7:31AM

<< Got pics?

>>

You havent seen my attempts at coin photography

I can try and snap some pics tho.

lathmach · May 27, 2009 8:58AM

<< haha yup, but a hoard that someone in the future will find when they tear down the reeeeealy big shed we put up in the back yard last year. Right before they set the monster down on its bed of rock...I said "WAIT".

Went inside, and I had two mason jars full of loose change.

well, now they are smack dab under the middle of the shed, nestled in the rock bed, out of harms way.

wont someone have a blast when they find that!!! >>

Maybe.
Then again, if the economy keeps heading South, you may be out there with a sledge hammer busting concrete to get a little money to buy food.

Ray

FullStepJeffs · May 27, 2009 9:30AM

Would 30% of the known top pop examples of a specific date/mintmark be considered a hoard? Uh... soon to be 50%.

If so, I don't know of anybody like that at all.

Now, if your talking total mintage, then forget it... it won't happen in my lifetime... uh... I mean... forget about this post.

Steve

hiijacker · May 27, 2009 9:58AM

I have 2 2008-W platinum eagle sets. Given the mintage I consider it a hoard

Russ · May 27, 2009 10:03AM

http://www.pcgs.com/setregistry/showcase.aspx?sc=85

Russ, NCNE

morgandollar1878 · May 27, 2009 10:04AM

<< Estate sale ...Why I picked these up? Maybe I just like Red Copper
3,300 1960 LD Cents

>>

That looks like a PCGS Bulk submission to me.

joebb21 · May 27, 2009 2:45PM

a guy I know in ny hoards as many 93-s morgans as he can get in pcgs and ngc holders. everyone i get goes to him. the total pop in pcgs and ngc are a couple of thousand (which are the problem free ones-basically). my guys got over 100, and UTAHCOIN has a guy in LA thats got over 200...
lets see if we can account for all 93-s morgans!

seanq · May 27, 2009 3:18PM

I know someone with a full roll of a semi-key date in a modern series... all with clips. You wouldn't think more than a couple could exist, yet he's accumulated more than three dozen. I don't want to give away the full details because he may want to sell them some day.

Sean Reynolds

Foxer · May 27, 2009 4:29PM

Here's one.

Unfortunately he wouldn't let me cherry pick all the 1921's

Craigslist Link

mr1931S · May 27, 2009 4:48PM

I once owned a roll of 1909 IHC's. Does that count as a hoard? A dealer that I bought some of these from asked me if I was going to make 1909 S's out of them.

illini420 · May 27, 2009 5:03PM

<< I once owned a roll of 1909 IHC's. Does that count as a hoard? A dealer that I bought some of these from asked me if I was going to make 1909 S's out of them.

>>

Just saw a roll of these on a dealer's website, but all were in AG-G condition for around $500 I think... pretty cool though.

mr1931S · May 27, 2009 6:18PM

Wish I would have hung onto my 1909's.They were all showing full LIBERTY,some were AU. It amazes me what these are selling for these days,these were relatively cheap in the '70's and '80's.

I liked this date IHC and would always buy when I saw a nice one with full LIBERTY.

For the record,I never did try to make a 1909 S out of any of my hoard coins.

Gemini · May 27, 2009 8:30PM

Will swap my hoard of coins for some tuna...

tydye · May 27, 2009 10:44PM

I have many multiples of a few dates but it is not for the sake of hoarding but to study die states and varieties for that year.

One date might be a small hoard that I have is 1909 VDB lincolns. I have a bunch as it is my token purchase when checking out a delaer's coins and not really finding anything. I have about 200 or so now.

ebaytrader · May 27, 2009 11:10PM

<< Will swap my hoard of coins for some tuna...

In the not-to-distant-future we may all be willing to do that.

And, to answer the OP, yes, I know of a couple of super fine hoards and bought one recently.