Has anyone ever had the opportunity.....

littlebear

Has anyone on the boards ever had the opportunity to witness, or participate in, the opening of a mint-sealed bag of Morgan dollars? I can only imagine the thrill. Even just reading about old timers who did have the opportunity is exciting. Also, does anyone know if these bags were originally sewn, or clamped, shut? I used to own a canvas bag (which I regrettably sold ) from the GSA sale, and it appeared to have been either tied or clamped shut. Was this done when originally sealed, or after inventory by the GSA? Any info would be appreciated.

sebrown

I've never had the privilege to even set eyes on a Mint bag of Morgans.

For you dealers.....do these come up for purchase from time to time or are these a thing of the past?


edited for spelling.

fivecents

My dealer friend told me that back 25 - 30 years ago, a dealer with an unopened bag at a coin show would hold bids. Other dealers would bid to get the first look and choice of Morgan dollars out of the sealed bag. The second runner up would get second choice and so on.

Must have been some real superb screamer coins pulled from those unopened bags.

19Lyds

Not Morgans but I recently opened a mint sealed bag of 1978 IKE Dollars which was sewn shut.











Shoulda left it sealed.

VAMSKY

In 64/65 when they were sold at the Fed for face value ... $1000 per bag, I was only 11 and Dad didn't have that much to spare. A few of his more well-funded friends picked up a few bags. They would burn a hole in the canvas bag in an obscure location with a lit cigarette and manipulate a coin so a date and mintmark were visible through the hole. They were looking for the bag of 93-S, 03-S, 01-P or any CC mintmark. Unfortunately all they had were 86-P and 88-P. And as is usually the case they sold the bags later as sealed and unsearched. If I recall correctly they were sewn with heavy cotton thread.