Stash of Morgan dollars found in the '60s

Discussion in 'US Coins Forum' started by bugo, Jan 19, 2014.

  1. bugo

    bugo Well-Known Member

    According to Wikipedia:
    I know Wikipedia can be wrong. If this is true, what rare dates were found in this stash? I assume most of these coins were collected and are still in BU condition today. Were there any peace dollars or other silver dollars included in these coins?
     
    Last edited: Jan 19, 2014
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  3. JPeace$

    JPeace$ Coinaholic

    The stash were all BU coins. Minted and then stored, never circulated. One of the big finds, if memory serves, was the 1903-O, which up to that time was considered a rare key date. Prices were ~$1500 for the coin at the time and the prices plunged.

    People could go to the treasury and exchange $1000 for a bag of Morgans. I don't believe there were any Peace Dollars, but I might be mistaken.
     
  4. bugo

    bugo Well-Known Member

    It must have been exciting. I still dream of a huge stash of 1964 dollar coins being discovered in a vault somewhere....
     
  5. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    The 01-O and 98-O were also considered scarce until they were discovered by the bagful in the Treasury releases.

    Chris
     
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  6. BUncirculated

    BUncirculated Well-Known Member

    Bugo, you really should invest in one:

    [​IMG]
     
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  7. NorthKorea

    NorthKorea Dealer Member is a made up title...

    Unless, by "stash" you mean one or two dozen, that wouldn't happen. After all, even if the supposed 1964 Peace Dollar exists, there'd be a very limited number of them that would have been struck for the purpose of review by members of some committee or sub-committee in Congress.
     
  8. jloring

    jloring Senior Citizen

    Dang Chris... you mean these prices in my '62 Redbook are invalid?

    [​IMG]
     
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  9. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Of course they're accurate. I'll buy every coin you have above MS64 at those prices.

    Chris
     
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  10. RaceBannon

    RaceBannon Member

    As some have already mentioned, the 1903 O was the coin that used to be a super-key date, especially in uncirculated grades. When the Treasury released bags of uncirculated 1903 O Morgans, it became a fairly common semi key date overnight.

    I've read Q David Bower's book on Morgan Dollars, and if I recall correctly, some unscrupulous scheisters went overseas to England, where word of the newly discovered bags was not yet common knowledge, and made a killing selling now common date 1903 Os at key date prices.
     
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  11. BHPM Trader

    BHPM Trader Active Member

  12. JPeace$

    JPeace$ Coinaholic

    And I'll buy all the Proofs sight unseen!
     
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  13. Endeavor

    Endeavor Well-Known Member

    ...
     
    Last edited: Jan 20, 2014
  14. Mainebill

    Mainebill Bethany Danielle

    Heck I'd buy any and all at these prices even circulated common date are below melt and notice 03-o more than 89-cc and 93-s neither of those were found in vaults tho
     
  15. Rassi

    Rassi #GoCubs #FlyTheW #WeAreGood

    According to http://www.pcgs.com/News/1964-d-Peace-Dollars-Do-They-Really-Exist, they struck just over 316,000 of them, but they were melted down. Would be exciting if a bag or two of those survived....
     
  16. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    I believe there was one in the Treasury releases, but I can't remember which date.

    Chris
     
  17. Conder101

    Conder101 Numismatist

    There were example of all 13 CC Morgan dollars in the GSA sales, but only a single example of three of them. 1889, 1892 and 1893. Those three coins were randomly sent out in the Mixed CC catagory at $15 each. Two of them are known today still in their OGP, the third has never been reported. Sorry I don't remember which two are still in OGP.

    No 1893-S dollars were in the GSA sales, but some did come to light in the Treasury distributions before the 1964 cut off.
     
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