Bags of Morgans

I saw this while looking on line at something. This must have been quite the site to see. Would have liked to bag search this room.

 

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please excuse me while I wipe the drool from my mouth......

 

I wish I was there. But I bet back then they could care less and didn't think anything of it.

 

No wonder some of those great coins had severe face marks, they stood ON the bags! LOL Can you imagine the sound of all that silver clinking around?

 

Maybe someday people will be commenting in the same way about the vaults full of Presidential dollars...

 

lol i highly doubt that

 

Oh wow! Holy snikes!

 

I start getting tired moving bags of cement mix right around 30 bags or so. I bet I can go all day loading a dumptruck of these bags without taking a lunch

 

There is some info about the $1,000 bags on the PCGS site. If you look under the resources-books and they are free to read. Some great stories about what was going on at the facilities, guys borrowing money to buy bags, and the differences between key dates back then and key dates today. A very good read.

http://www.pcgs.com/books/silver-dollars/

Chapter 14 is very interesting related to this topic.

 

I'm sure it was, and I'll bet it was also quite a sight.

 

Take all those suckers, send them to the smelter for $ to buy some gold ancients.

 

I'd guess 90% of the are 63 and lower.

 

Back then it was an amazing sight also. Imagine $5 per week being normal pay and seeing that much money would be amazing.

 

So lets see if I do this right. 1,000 Morgans would weigh 942 ounces. Back then let's use a per ounce price of $1. It was in that neighborhood. This means a full bag was worth around $1,000 back then. Today that same bag is worth around $22,608. Anybody care to guess how many bags in this room?