Original, 1,000 Count Unopened Bag of “very common date Morgan’s”
Ibnemo
Posts: 70 ✭
"Original", 1,000 Count Unopened Bag of 1880 O Common Date Morgan’s
Would the value of this bag exceed the melt value? Would you pay 25 K or Walk?
At $19.20 Silver @.77 my math says $14,784.00. That’s a $10,216.00 Difference. Any Thoughts would be
appreciated.
Would the value of this bag exceed the melt value? Would you pay 25 K or Walk?
At $19.20 Silver @.77 my math says $14,784.00. That’s a $10,216.00 Difference. Any Thoughts would be
appreciated.
Love The Hobby
0
Comments
presumably the coins would be UNC
www.brunkauctions.com
If they're 1880-S, then $25000 is a good deal.
But any common date bag is worth $25K I would think.
<< <i>I guess the question is if the bag is an "unopened" mint bag or and "unopened" bank bag. >>
Will let you know tomorrow. Sight unseen as of now. Sounds too good to be true. Inquiring for a friend looking for a safe refuge if you will. Stay Tuned.
a bunch of circulated crap?
a bunch of big, heavy washers
a bunch of IKE dollars
an awesome pristine bag of CH to GEM UNC Morgans and some having incredible bag toning
strike, lots of bagmarks). This was about 15 years ago. I think the highest grade in the entire bag
was MS-64, and there were only a dozen or so that graded that high.
<< <i>The last "original" bag of 1883-O Morgans I went through had an average grade of MS-61 (average
strike, lots of bagmarks). This was about 15 years ago. I think the highest grade in the entire bag
was MS-64, and there were only a dozen or so that graded that high. >>
Yup! I have gone through a couple of original bags, if the coins are uncirculated, expect mostly 61s-63s, VERY few if any Gems and don't expect to find a bunch of monster toners either.
The fun bags are the circulated bags
These all came from a bank in Minneapolis and not one bag had a coin
older than 1921. They all were circulated Peace and '21 Morgan mixes.
So, it tells me that the bank or someone at the bank knew what they
were doing.
They had been bought for the Y2K scare and he paid $14 each
at the time. I passed on them all.
bob
Edited to add- missed the last post...
Original bags don't come around so often. But on the downside I think eventually the premiums on BU Morgans will be swallowed up by the silver price...probably by the $35-$50 range if that ever comes. On the good side BU Morgans have been pretty resilient in the $27-$32 price range over the past 18 months.
roadrunner
<< <i>The last "original" bag of 1883-O Morgans I went through had an average grade of MS-61 (average
strike, lots of bagmarks). This was about 15 years ago. I think the highest grade in the entire bag
was MS-64, and there were only a dozen or so that graded that high. >>
Yes, it's interesting to see how poor the quality is in unopened containers of Mint State coins. About a year ago I ran across two rolls of 1961-D half dollars that had been sealed shut, probably in 1961. The Gray Sheet price for these coins reaches $80 in MS-65, and $17 in MS-64. I had hopes of running into a few higher grade pieces. Among the 40 coins there was one piece that made MS-63. There were a couple others that were decent MS-62s. The rest, while all Mint State, were low grade Uncs. because of bag marks and poor strikes. They were worth no more than the junk silver value. It just goes to show that even "untouched" hoards of Mint State coins can yield mostly low grade material