Thread: This Gangster Morgan Got Beat Up!

I bought an MS62 1884-O Morgan that was originally part of the Binion Collection.

Lonnie Theodore "Ted" Binion (November 28, 1943 – September 17, 1998) was a wealthy U.S. gambling executive and one of the sons of famed Las Vegas casino magnate Lester Ben "Benny" Binion, owner of Binion's Horseshoe.

Ted buried millions of dollars in gold & silver bullion and coins in a vault sunk into the desert. He was found dead with a staged heroin over-dose. In other words he was murdered.

I was a fairly disappointed to see how dinged up the Obv of this coin is. But I'll keep due to the history and low purchase price.

Cool pedigree on that.

Bad thing about Binion Dollars is that they are common as dirt. Good thing it that there are enough collectors of Binion Dollars to drive a small premium if you are patient. Here is one in just a little better condition than yours.

So did he ever retrieve / anyone find the buried desert vault?

Originally Posted by silentnviolent

So did he ever retrieve / anyone find the buried desert vault?

What do you think?

Originally Posted by silentnviolent

So did he ever retrieve / anyone find the buried desert vault?

According to Wiki:

The vault was discovered two days after Binion died, whereupon Nye County sheriff's deputies arrested Binion's associate Rick Tabish and two other men unearthing the silver.

Binion hid millions in and around his Las Vegas home, all of which went missing after his death. It is rumored to be buried on the property under odd mounds in the front and back yards. After the trial much of the silver was given to his daughter, but a large portion still remains unclaimed at the courthouse.

Originally Posted by JimOfOakCreek

... a large portion still remains unclaimed at the courthouse.

Cheapest storage I've found for it yet.

Originally Posted by BooksB4Coins

What do you think?

I think as the owner of a casino he had a giant silver deposit on hand and as I've never heard of this before, the legend of D. B. Cooper's lost money came to mind, and the Lindbergh ransom money. Wishful thinking...

An interesting pedigree for a Morgan Dollar. Perhaps we should have a thread on Pedigreed Morgans?

Originally Posted by silentnviolent

I think as the owner of a casino he had a giant silver deposit on hand and as I've never heard of this before, the legend of D. B. Cooper's lost money came to mind, and the Lindbergh ransom money. Wishful thinking...

The D.B. Cooper story is definitely an interesting one. I enjoy rereading about that every now and again.

EDIT: And to Morgandude, a Pedigreed Morgan (or any coin) thread would be a fun read. Start it up.

Originally Posted by Lon Chaney

The D.B. Cooper story is definitely an interesting one. I enjoy rereading about that every now and again.

EDIT: And to Morgandude, a Pedigreed Morgan (or any coin) thread would be a fun read. Start it up.

No need, it already exists (see link below).

Read more: Post your Pedigrees

Kinda went over like I fart in church when I originally posted it though!

Originally Posted by Lehigh96

No need, it already exists (see link below).

Read more: Post your Pedigrees

Kinda went over like I fart in church when I originally posted it though!

YOU fart in church? SHAME, shame. lol

Interesting history on the pedigree. I saw a few Binion Morgans too, never did bid on any of them.

I have a 1884-O Binion graded as Brillant Uncirculated (MS 62) by NCS. Most collectors do not seem to put a premium on the coins and tend to only value for the coin itself. I have hung onto mine for 10 years now, just because of its history much like the guy who posted before.

That's way nicer than the ones on TT...