The "Hoard" story is simply pretty fanciful too, without meaning. Most anybody could have gotten these bags of dollars in the early 1960s via a simple transaction down at their bank. Then you got to pay safe deposit box fees for 50+ years! How very very exciting! What a meaningful tale of American history!!! What special special coins!
This story will be forgotten in two or three years and people will strain their memories to think of exactly what the "label" represents.
just some quick math:
--- I went to the CoinWeek link and did a quick total according to their graded coin Hoard value and came up with about $1.1 million.
--- back in 2012 I sold some junk Silver I had and caught the peak, I was paid around $45 X face. for the approximately 16,000 Dollars in this hoard that would be $720,000.
I realize this was an inherited Hoard, it's just too bad the owner didn't follow the spot market, selling six years ago no doubt would have netted them more money since they probably got nowhere near that $720k amount from the dealers.
when I was 25 years old and in the throes of being discharged from the USN, buying my first home, getting married and expecting our first child the Hunt Bro's ran things up and I was 100% disconnected from my collection. it cost me a few thousand dollars.
I have since learned it's important to at least pay a modest amount of attention even if you aren't actively collecting. the owner of this Hoard didn't do that, for whatever reason(s) and I think it cost him money.
Comments
The Bank of New York Hoard coins will be available from major retailers in the near future.
They're going to be telemarketed, and there will next to zero effect on the dedicated coin show collector base.
Agreed
I am patiently waiting for them to come back from ngc. Will be drooling over these. I’m excited.
Best place to buy !
Bronze Associate member
Kathy, a typical, common date NGC graded MS63-64 Morgan Dollar is nothing to drool over.
The "Hoard" story is simply pretty fanciful too, without meaning. Most anybody could have gotten these bags of dollars in the early 1960s via a simple transaction down at their bank. Then you got to pay safe deposit box fees for 50+ years! How very very exciting! What a meaningful tale of American history!!! What special special coins!
This story will be forgotten in two or three years and people will strain their memories to think of exactly what the "label" represents.
A little off the original post. but those two keys of yours are gorgeous!
What about the numerous 67s?
just some quick math:
--- I went to the CoinWeek link and did a quick total according to their graded coin Hoard value and came up with about $1.1 million.
--- back in 2012 I sold some junk Silver I had and caught the peak, I was paid around $45 X face. for the approximately 16,000 Dollars in this hoard that would be $720,000.
I realize this was an inherited Hoard, it's just too bad the owner didn't follow the spot market, selling six years ago no doubt would have netted them more money since they probably got nowhere near that $720k amount from the dealers.
Trouble is, only hindsight is 20-20.
Does that mean there is a "hoard laxative?"
when I was 25 years old and in the throes of being discharged from the USN, buying my first home, getting married and expecting our first child the Hunt Bro's ran things up and I was 100% disconnected from my collection. it cost me a few thousand dollars.
I have since learned it's important to at least pay a modest amount of attention even if you aren't actively collecting. the owner of this Hoard didn't do that, for whatever reason(s) and I think it cost him money.
Shoulda coulda woulda. Them Pogues are looking like geniuses more and more as the years start to click off.
I'd say they bailed at about the right time.
You think the coin market is still heading downward?