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Friend of mine just got out of New Orleans just in time

orevilleoreville Posts: 12,148 ✭✭✭✭✭
A dear friend of mine evacuated from the suburbs of New Orleans just in time.

Before the disaster that befell New Orleans, I asked him the all-important question.

"Did he save his 1/2 mint bag of original 1983-P mint state quarters? Indeed, they were saved."

He did tell me that he believes many stamp and coin collections may have been damaged in New Orleans still sitting in flooded homes and banks. I realized that this is crazy talk when so many lives have been lost and/or ruined but even our hobby has suffered as well for possibly decades to come in addition to the tragedy that we are now seeing.
A Collectors Universe poster since 1997!

Comments

  • p8ntp8nt Posts: 2,947 ✭✭✭
    Umm.. why is a 1983-P bag of quarters worth so much?

    Its good he got out in time though.
  • orevilleoreville Posts: 12,148 ✭✭✭✭✭
    p8nt: Reason: Get me a mint set of 1983 coins.

    Then get me prices on Mint store sets (specimin sets).
    A Collectors Universe poster since 1997!
  • cladkingcladking Posts: 28,732 ✭✭✭✭✭
    That probably represents a large percentage of the '83-P unc quarters in existence.

    Not only were so many collectible coins destroyed in this catastrophe but many millions
    of circulating coins were also destroyed. These will be bulldozed into landfills. Many others
    will again be rousted from their current depositories to again be left at the tender mercies
    of circulation.

    We can only hope that the survivors are able to rebuild their cities and lives and that the
    death toll is as low as possible.

    Still, I'm pleased to hear the quarters survived. image
    tempus fugit extra philosophiam.
  • orevilleoreville Posts: 12,148 ✭✭✭✭✭
    cladking: This represents the last of the two full mint bags that were purchased at the bank in 1983 and one bag was previously dispersed and the second bag saw half of its quarters ruined by excessive moisture. This is the remainder of the southern hoard.

    I believe I had stated this sad story here about a year ago.
    A Collectors Universe poster since 1997!
  • cladkingcladking Posts: 28,732 ✭✭✭✭✭
    Yes. I recall.
    tempus fugit extra philosophiam.
  • DUIGUYDUIGUY Posts: 7,252 ✭✭✭
    Katrina gives a hole new meaning to the words "safety deposite box". image
    “A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly."



    - Marcus Tullius Cicero, 106-43 BC
  • orevilleoreville Posts: 12,148 ✭✭✭✭✭
    This is to update an old thread which answers some questions about some of the holdings of 1983 Philly unc quarters.
    A Collectors Universe poster since 1997!
  • ambro51ambro51 Posts: 13,949 ✭✭✭✭✭
    I have a good friend who grew up in Sea Isle City in nj. He tells me , and has shown me, a breakwater offshore. That WAS the street his grandfather lived on. In 1944 a massive storm altered the coastline forever. His grandfather was a bank VP and fairly wealthy. Three safes were lost out there.... Ed tells me over a million dollars is in them.
  • scotty1419scotty1419 Posts: 933 ✭✭✭


    << <i>I have a good friend who grew up in Sea Isle City in nj. He tells me , and has shown me, a breakwater offshore. That WAS the street his grandfather lived on. In 1944 a massive storm altered the coastline forever. His grandfather was a bank VP and fairly wealthy. Three safes were lost out there.... Ed tells me over a million dollars is in them. >>



    Sounds like a job for the CU forum search party image
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    The salt water will have long since destroyed the paper money, silver will be highly encrusted. Gold will be fine - if there was any. However, knowing salvage operators, those safes - or at least one or two - were likely secretly recovered many years ago. Most have the common sense not to talk about such things when they get lucky. Cheers, RickO
  • llafoellafoe Posts: 7,220 ✭✭


    << <i>Most have the common sense not to talk about such things when they get lucky. Cheers, RickO >>



    image

    image
    WANTED: Cincinnati Reds TEAM Cards
  • cladkingcladking Posts: 28,732 ✭✭✭✭✭
    What was really affected the most in the flooding were the Mardi Gras doubloons.

    It's likely the attrition on these was 30% in just a few hours and it remains high since
    some are still becoming unrecoverable. Even the dislocation of significant percentages
    of the population leads to attrition as many of these will be lost or discarded in moves.

    Time has a way of destruction about it and the future is never really predictable except
    that about 1% of things are lost annually unless they are protected. As the flooded
    banks prove even protection can be insufficient.
    tempus fugit extra philosophiam.
  • droopyddroopyd Posts: 5,381 ✭✭✭


    << <i>What was really affected the most in the flooding were the Mardi Gras doubloons. >>



    Not sure how "rare" these are as you can buy them in bulk at less than a dime a pop (at least the aluminum ones, not the silver ones obviously). But as kids we used to love playing Mardi Gras all year long and throw our collected beads and doubloons off the balcony to each other.
    Me at the Springfield coin show:
    image
    60 years into this hobby and I'm still working on my Lincoln set!

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