Binion silver hoard

dsessom · January 13, 2009 11:39PM

Not that it's a huge deal, but I thought it would be cool just to own a coin with some kind of pedigree so I bought one of the Binion Hoard silver dollars.

I chose a 1923 Peace in NGC MS63. I guess these are pretty common, but who knows maybe some day they will be worth something...

In the meantime, I like the coin for what it is.

I might buy a few more. Maybe a Morgan. I kinda like 'em.

MidLifeCrisis · January 13, 2009 11:46PM

Nice pick-up. Pedigrees are cool. They add to the history of the coin and can be fun to trace.

Mercury10c · January 14, 2009 9:59AM

I picked up a Binion pedigreed Morgan.

golfer72 · January 14, 2009 10:05AM

Both of those coins look nice and fairly graded. Both NGC and PCGS unfortunately tended to overgrade certain pedigrees like the Omaha Bank hoard which comes to mind.

lcoopie · January 14, 2009 11:06AM

when I passed by a few months ago
I thought of my forum friends

dsessom · January 14, 2009 9:53PM

<< <i>I picked up a Binion pedigreed Morgan.

>>

NICE! I am thinking about getting a few more including some Morgans too. I really like yours!

ricko · January 14, 2009 11:53PM

I have never been interested in pedigree's... not that there's anything wrong with pedigree's...

I am now, have always been, and will continue to be, focused on the coin. That being said, collectors collect many things.. so more power to the pedigree guys... Cheers, RickO

coindeuce · January 15, 2009 12:27AM

There are very few coins surviving today that I would consider to have a pedigree. In my world, a pedigree would exist only if a provenance tracing back to the Mint can be shown.

dsessom · January 15, 2009 12:43AM

<< <i>There are very few coins surviving today that I would consider to have a pedigree. In my world, a pedigree would exist only if a provenance tracing back to the Mint can be shown. >>

Yeah, but you own $10k coins! LMAO

For us poor folk, this is about as close to a Pedigree coin as we will ever own.

Even though I have been collecting since I was 12 years old, I am still just a novice collector. I have much to learn, and that is one of the main reasons I visit these forums as much as I do. The Binion coins for the most part are not rarities, but I thought the story behind them was kinda neat, and the MS63/64 range coins are quite affordable.

Bear · January 15, 2009 6:44AM

Binion was not a collector. He hoarded silver dollars

by the bag full as he did not trust paper money. The

quality of most of the dollars was not really spectacular

but there were a number of astonishingly beautiful BU & toned dollars

found in the hoard buried in a crypt in the Nevada Desert and

in Mr Binion's basement.

sumdunce · January 15, 2009 12:06PM

My avatar is a binion that I own.

V/R

Sumdunce

dsessom · January 19, 2009 9:58PM

This weekend I purchased another Binion coin. An 1888 Morgan MS63. Will post pics when I get it. Looks pretty nice.

Photoguy · January 20, 2009 12:44AM

I love Binion stuff, one of the things that I will always remember for the rest of my life.

I was one of 6 people that was in the Binion Casino vaults unloading and opening bags of silver dollars and cataloging them. We were there 10 days before all of this went down with Ted and Sandy Murphy. To make a long story short what you saw of The Binion Hoard was about a 10th of what what really there before the LV Police got there hands on it.

Ted collected much more than just silver dollars, there were bags upon bags of nickels and quarters as well. One wall housed just bars and bars and bars of silver it was unbelievable. And not just silver coins either he had a huge stash of gold as well. We saw one 5 gallon bucket of $20 gold coins spilling over onto the floor and had heard that that was one that wouldnt fit in another vault that we didnt see. The gun vault was next door to the coin vault it housed Id imagine 5000+ rifles and pistols (there were a few bags of dollars in there too).

Oh the memories......

FatMan · January 20, 2009 1:00AM

<< <i>I love Binion stuff, one of the things that I will always remember for the rest of my life.

I was one of 6 people that was in the Binion Casino vaults unloading and opening bags of silver dollars and cataloging them. We were there 10 days before all of this went down with Ted and Sandy Murphy. To make a long story short what you saw of The Binion Hoard was about a 10th of what what really there before the LV Police got there hands on it.

Ted collected much more than just silver dollars, there were bags upon bags of nickels and quarters as well. One wall housed just bars and bars and bars of silver it was unbelievable. And not just silver coins either he had a huge stash of gold as well. We saw one 5 gallon bucket of $20 gold coins spilling over onto the floor and had heard that that was one that wouldnt fit in another vault that we didnt see. The gun vault was next door to the coin vault it housed Id imagine 5000+ rifles and pistols (there were a few bags of dollars in there too).

Oh the memories...... >>

Cool story. Do we know what happened to the rest of the hoard ie: the gold?

Photoguy · January 20, 2009 1:08AM

The gold "disappeared" along with the diamonds. Which means to me they either walked or were taken out with the dollars after we had left. They never turned up in any police evidence lists.

pmac · January 20, 2009 1:09AM

<< <i>There are very few coins surviving today that I would consider to have a pedigree. In my world, a pedigree would exist only if a provenance tracing back to the Mint can be shown. >>

That would make only my mint purchases coins with a pedigree.

Binion silver hoard

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