Out of the archives... My grandmother was a casual collector, mostly interesting coins from circulation. She even sent some coins in for review to Alan Herbert in Numismatic News Weekly in 1973 (no real errors). She thought Barr bills were going to be big and apparently mailed in to this advertisement, as I now have a set of five in plastic note holders as described in this ad and some newspaper clippings about the anticipated rarity. But what blows my mind is the reverse side of the page: I've got half a dozen or so uncirculated Morgans that I don't remember where I got them. Thinking she might have responded to this ad, too. The ones in question are common dates but nice! Thanks to the collectors and those of you that may have responded to ads like this in the early '70s! (sorry about the piece-together but I was tearing up some old envelopes when I realized this was in one!)
Those are great deals for prices nowadays on both the bills and the Morgans. I found a Barr note in circulation around a year or two ago, I still have it
Those prices sound more like the mid sixties. The Barr Notes are from 1963, after Kennedy’s assignation. By 1965 silver was out and clad was replacing it in coins. Do yeah, I’m thinking mid sixties.
and 10 different unc for $39.50! Lowest I paid for silver dollars was $1.00 each - at the bank in the early '60s.
Me too. If you had a dollar you get a Morgan or Peace at any bank. I started in 1948. Relatives would quite often give me a silver dollar for special occasions.
Man, I can only imagine walking into a bank with a silver certificate and being handed a $30 silver Morgan or Peace. (I know it wasn't worth $30 back then and a dollar was worth a lot more, but still!!!)
Yep, but I was about 14 at the time, so i couldn't buy many. I bought about 50 of them, and would you believe it, I still have 20 of them! Had them in an old canvas cent bag, they're all quite dark now.
Well, you didn't need a silver certificate. All you needed was a dollar or a dollars worth of change.
The problem with the Barr dollar was that although he was only in office for 27 days, they continued using the printing plates until they wore out. That took 13 months. Over the years, especially in the late 80s, I used to meet MANY people who had huge hoards of the Barr dollars convinced that some day they would be very valuable. I used to tell them back in the 70's that if they turned their hoards over to me I could guarantee them a return of 5% on them annually. At that time it wasn't difficult to get CD's paying 8%. Never could get anyone to take me up on it though. They all wanted to wait for the big killing they were sure was coming. Frankly $22.50 for five common date Morgans wasn't that great a deal in the early 70's. Remember the mixed circulated dollars in the GSA sale in 1972 (of which a great many were actually Unc) sold for $3 apiece. 1971 graysheet shows the at $3.85, 72 at $3.85, 73 at $5.65, and 74 at $7.25. Clearly the 72 GSA sales had an effect.
