So now they are slabbing silver dollar mint bag pieces 🧐

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Mr_Spud
Mr_Spud Posts: 7,272 ✭✭✭✭✭
in U.S. Coin Forum

I never heard of such a thing. This showed up in my Facebook feed today 🧐

Mr_Spud

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  • OAKSTAR
    OAKSTAR Posts: 8,770 ✭✭✭✭✭
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    I didn't think it was legit, I guess it is. Totally ridicules!

    Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )

  • 1madman
    1madman Posts: 1,750 ✭✭✭✭✭
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    Although slabbing a cut piece of a mint bag seems silly, there are some extremely collectible rare mint bags out there that would benefit from slabbing/certification of the entire bag. I like the idea

  • TurtleCat
    TurtleCat Posts: 4,692 ✭✭✭✭✭
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    I’ll wait for slabbed slabs. Authentic first gen slab folks! Great way to monetize crack outs completely.

  • MFeld
    MFeld Posts: 17,131 ✭✭✭✭✭
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    @P0CKETCHANGE said:
    Perhaps they could start cutting up some of the ultra rarities in a similar manner. I’d love to own one of the stars from an 1804 dollar, or maybe Liberty’s foot from the 1933 St. Gaudens.

    I'd like the star from an 1804 dollar with the initial "D" in it. ;)

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • PerryHall
    PerryHall Posts: 47,748 ✭✭✭✭✭
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    @MFeld said:

    @P0CKETCHANGE said:
    Perhaps they could start cutting up some of the ultra rarities in a similar manner. I’d love to own one of the stars from an 1804 dollar, or maybe Liberty’s foot from the 1933 St. Gaudens.

    I'd like the star from an 1804 dollar with the initial "D" in it. ;)

    That microscopic D from the Dexter specimen of the 1804 silver dollar will add a big premium. :D

    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

  • PerryHall
    PerryHall Posts: 47,748 ✭✭✭✭✭
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    The Guttenberg bible has been disassembled with each individual page being sold. :o

    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

  • telephoto1
    telephoto1 Posts: 4,966 ✭✭✭✭✭
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    Somehow I'm reminded of the "authentic strands of Lincoln's hair" that are about 1/8th inch long and regularly seen all over the internet...


    RIP Mom- 1932-2012
  • Steven59
    Steven59 Posts: 11,227 ✭✭✭✭✭
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    It's ok as long as they don't come up with a grading scale for the bag pieces too!

    "When they can't find anything wrong with you, they create it!"

  • MWallace
    MWallace Posts: 4,682 ✭✭✭✭✭
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    Please explain to dummies like me, what is the significance of that bag?

  • MetroD
    MetroD Posts: 2,568 ✭✭✭✭✭
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    @MWallace said:
    Please explain to dummies like me, what is the significance of that bag?

    I am guessing that the bag is from the "Great Southern Treasury Hoard".
    And, here is a video.

    Note - I am NOT saying that I fully understand the collectibility aspect, just that they appear to be related.

  • alefzero
    alefzero Posts: 1,204 ✭✭✭✭✭
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    Reminds me of the attempt to merchandise hotel bedsheet squares from beds the Beatles slept in way back when. There are limits to marketability related to the interested size of the collector class.

  • 3stars
    3stars Posts: 2,302 ✭✭✭✭✭
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    @TurtleCat said:
    I’ll wait for slabbed slabs. Authentic first gen slab folks! Great way to monetize crack outs completely.

    I thought that was basically CAC...

    Previous transactions: Wondercoin, goldman86, dmarks, Type2
  • Namvet69
    Namvet69 Posts: 9,423 ✭✭✭✭✭
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    I'm gonna say two words..."Pet rock"

    BST: endeavor1967, synchr, kliao, Outhaul, Donttellthewife, U1Chicago, ajaan, mCarney1173, SurfinHi, MWallace, Sandman70gt, mustanggt, Pittstate03, Lazybones, Walkerguy21D, coinandcurrency242 , thebigeng, Collectorcoins, JimTyler, USMarine6, Elkevvo, Coll3ctor, Yorkshireman, CUKevin, ranshdow, CoinHunter4, bennybravo, Centsearcher, braddick, Windycity, ZoidMeister, mirabela, JJM, RichURich, Bullsitter, jmski52, LukeMarshall, coinsarefun, MichaelDixon, NickPatton, ProfLiz, Twobitcollector,Jesbroken oih82w8, DCW

  • 1madman
    1madman Posts: 1,750 ✭✭✭✭✭
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    @OAKSTAR said:

    @1madman said:
    Although slabbing a cut piece of a mint bag seems silly, there are some extremely collectible rare mint bags out there that would benefit from slabbing/certification of the entire bag. I like the idea

    Extremely rare collectible after it's cut up in small pieces??

    No, leave the entire bag intact and preserve/encapsulate it. IIRC saw a couple Carson city bags and a $20 gold bag at a show last year. Guy wanted a small fortune for them, but they were cool.

  • BLUEJAYWAY
    BLUEJAYWAY Posts: 11,794 ✭✭✭✭✭
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    Cut up and slab pieces from the tin cans those gold coins were found in buried in the ground.

    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
  • OAKSTAR
    OAKSTAR Posts: 8,770 ✭✭✭✭✭
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    @1madman said:

    @OAKSTAR said:

    @1madman said:
    Although slabbing a cut piece of a mint bag seems silly, there are some extremely collectible rare mint bags out there that would benefit from slabbing/certification of the entire bag. I like the idea

    Extremely rare collectible after it's cut up in small pieces??

    No, leave the entire bag intact and preserve/encapsulate it. IIRC saw a couple Carson city bags and a $20 gold bag at a show last year. Guy wanted a small fortune for them, but they were cool.

    I don't mean to be difficult but encapsulate an entire bag?? In a really big PCGS slab? 😁

    Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )

  • 1madman
    1madman Posts: 1,750 ✭✭✭✭✭
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    @OAKSTAR said:

    @1madman said:

    @OAKSTAR said:

    @1madman said:
    Although slabbing a cut piece of a mint bag seems silly, there are some extremely collectible rare mint bags out there that would benefit from slabbing/certification of the entire bag. I like the idea

    Extremely rare collectible after it's cut up in small pieces??

    No, leave the entire bag intact and preserve/encapsulate it. IIRC saw a couple Carson city bags and a $20 gold bag at a show last year. Guy wanted a small fortune for them, but they were cool.

    I don't mean to be difficult but encapsulate an entire bag?? In a really big PCGS slab? 😁

    NGC already authenticates documents in large slabs, I see no reason they couldn’t do a mint bag. Some of the older bags are smaller size than the more recent ones, so it should be easy to do.

  • alaura22
    alaura22 Posts: 3,962 ✭✭✭✭✭
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    I'd love to get a few things slabbed, but that's another story not to be told here :)

    Mike
    My Indians
    Dansco Set

  • emeraldATV
    emeraldATV Posts: 5,249 ✭✭✭✭✭
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    " I want the TRUTH"
    and a taffy .
    Got any ?

  • rte592
    rte592 Posts: 2,234 ✭✭✭✭✭
    edited November 7, 2023 3:50AM
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    @MWallace said:
    Please explain to dummies like me, what is the significance of that bag?

    The easy explanation is PT Barnum's
    One born every minute rolled in with IF you build it they will come... maybe a few more.

    Next up some Oak Island wood water and dirt.

  • Onastone
    Onastone Posts: 4,416 ✭✭✭✭✭
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    The slab itself looks as ragged as the piece of bag.

  • oldabeintx
    oldabeintx Posts: 3,214 ✭✭✭✭✭
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    @Overdate said:
    I was thinking of slabbing my high school report cards, but they've already been graded.

    A groaner but a very good one.

  • MWallace
    MWallace Posts: 4,682 ✭✭✭✭✭
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    @BLUEJAYWAY said:
    Cut up and slab pieces from the tin cans those gold coins were found in buried in the ground.

    And the dirt around it.

  • MedalCollector
    MedalCollector Posts: 2,103 ✭✭✭✭✭
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    The label is a little ambiguous. Is it a “Federal Reserve Bank” bag or a “Mint” bag?

    An odd collectible, IMO, but I am sure there is some interest out there as a relic.

  • ElKevvo
    ElKevvo Posts: 4,199 ✭✭✭✭✭
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    @alefzero said:
    Reminds me of the attempt to merchandise hotel bedsheet squares from beds the Beatles slept in way back when. There are limits to marketability related to the interested size of the collector class.

    Today with the huge range of marketing access via the Internet something like that might sell well!

    K

    ANA LM
  • jerseyben
    jerseyben Posts: 123 ✭✭✭
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    CAG will slab or authenticate just about anything collectible. That is essentially their entire business model.

  • jmlanzaf
    jmlanzaf Posts: 43,044 ✭✭✭✭✭
    edited November 7, 2023 7:23AM
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    Bunch of collectible snobs. LOL.

    I've got a couple of pieces of the Berlin Wall here. They were sold as collectibles after the Fall.

    I've got a piece of the skin of Lindbergh's plane here. Those planes had paper (cardboard) skins that needed occasional replacement. So they cut it up and sold the pieces as collectibles.

    The Franklin Mint sold those silver "space flown coins". They took a couple of ounces of silver that had been carried into space by an astronaut and melted it into 1000 ounces of terrestrial silver to make little moon coins.

    There were the Constellation medals where, again, some metal from the constellation was melted into a giant pot and then turned into medals.

    And, of course, don't forget the irradiated dimes from the 1940s that were sold as souvenirs. Good luck finding any evidence of exposure.

    I see no reason why someone couldn't collect a cut square from a "famous" historical item as an affordable little piece of history.

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • sellitstore
    sellitstore Posts: 3,086 ✭✭✭✭✭
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    A piece of a mint bag is not a famous historical item. I wasn't aware of this hoard and I'm a numismatist. I'll bet very few non-numismatists have every heard of this hoard.

    I am aware of the collectibles from the Berlin Wall, Lindbergh's plane, space flown collectibles and Constitution medals. So are many other potential collectors of these.

    Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip.
  • jmlanzaf
    jmlanzaf Posts: 43,044 ✭✭✭✭✭
    edited November 7, 2023 7:25AM
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    @sellitstore said:
    A piece of a mint bag is not a famous historical item. I wasn't aware of this hoard and I'm a numismatist. I'll bet very few non-numismatists have every heard of this hoard.

    I am aware of the collectibles from the Berlin Wall, Lindbergh's plane, space flown collectibles and Constitution medals. So are many other potential collectors of these.

    Because YOU never heard of it, it's not a historical item. That's why I called you collectible snobs. LOL. [Lovingly, of course.]

    If no one wants one, then no one will buy one. If people want them, they will buy them and the marketer will reap his just profits.

    You're a paper money guy. How many obsoletes are "famous historical items" known to the general population? That really isn't the standard for anything. I imagine the bag squares are being marketed solely to coin collectors.

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • jmlanzaf
    jmlanzaf Posts: 43,044 ✭✭✭✭✭
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    They are really a pretty affordable little collectible. They aren't asking a ton of money for them.

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • Fraz
    Fraz Posts: 2,118 ✭✭✭✭✭
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    @Mr_Spud said:
    I want to see a “full mint bag” with silver dollars in it inside a slab 🤔😉

    Big chunk of Lucite will hold it.

  • jmlanzaf
    jmlanzaf Posts: 43,044 ✭✭✭✭✭
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    @Fraz said:

    @Mr_Spud said:
    I want to see a “full mint bag” with silver dollars in it inside a slab 🤔😉

    Big chunk of Lucite will hold it.

    Actually, the toy people have been slabbing large toys for years. Although I don't know if any of them are as heavy as a full mint bag.

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • rte592
    rte592 Posts: 2,234 ✭✭✭✭✭
    edited November 7, 2023 8:46AM
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    I once found a canvas coin bag partially buried by blow sand in the desert. I couldn't quite read the printing on it as it was well worn and sun dried. Looking inside it held a few small gold nuggets/specimens in the bottom of the well worn bag.
    I lost track of the bag but have a Wells Fargo bank a mile away from my house...did I lose track something important?

  • tommyrusty7
    tommyrusty7 Posts: 2,330 ✭✭✭✭
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    Just shows you how stupid some people can be!

  • WinLoseWin
    WinLoseWin Posts: 1,912 ✭✭✭✭✭
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    @PerryHall said:
    The Guttenberg bible has been disassembled with each individual page being sold. :o

    I'd like to buy a letter, Pat.

    "To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin

  • emeraldATV
    emeraldATV Posts: 5,249 ✭✭✭✭✭
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    @WinLoseWin said:

    @PerryHall said:
    The Guttenberg bible has been disassembled with each individual page being sold. :o

    I'd like to buy a letter, Pat.

    Well, if that's your bag ? (speaking from the right coast)
    Still waiting for a reply from the left coast slang experts, as it could be an issue in a sack of many.
    What ?

  • PerryHall
    PerryHall Posts: 47,748 ✭✭✭✭✭
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    If it's not too expensive, I could see a slab collector buying one because it's so unusual and just plain weird.

    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

  • Fraz
    Fraz Posts: 2,118 ✭✭✭✭✭
    edited November 8, 2023 6:20AM
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    Shoot, every church in Europe has a piece of some saint’s skeleton.

  • jmlanzaf
    jmlanzaf Posts: 43,044 ✭✭✭✭✭
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    @Fraz said:
    Shoot, every church in Europe has a piece of some saint’s skeleton.

    I have a couple relics at my house. They are really quite odd when you stop to think about it.

    All comments reflect the opinion of the author, even when irrefutably accurate.

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