What do you guys consider a hoard? Is there a number one must meet? Do a few key rare coins meet requirement? Must you corner a certain market to be considered a pro hoarder?
I was thinking a hoard was a hidden stash long forgotten, but I guess it could also mean a collection one has "stashed" away? Most hoards I know of were usually a few thousand coins, or thereabouts. Ribbit
Yeah I agree. Did you see the hoard of unlabeled rims of presidential $1 coins one guy had. Must have been $10,000 worth.
Hoards have a special place in my heart. I am working on a 20th Century type set now using only hoard coinage and have been researching them for some time now. What do you guys consider a hoard? A hoard can come from a couple places. For one it can be a bank or government holding, as seen in the GSA, Windy City, and Omaha Bank Hoard. They can also come from private collectors, like Redfield, Ted Binion and Fitzgerald. In addition to quantity, which for major hoards can exceed 100,000 examples, the coins must also be of certain quality, such as high grade, toned, or rare date/mm, or any combination of the three. Is there a number one must meet? I would say that a minor hoard sould be around 1,000-5,000, and a major hoard should go 100,000+. Do a few key rare coins meet requirement? No. Hoard implies mass. Ten rare coins is a collection. 10,000 rare coins of a similar type/date is a hoard. Must you corner a certain market to be considered a pro hoarder? Well, yes and no. There should be an underlying connection that ties all the coins together, like sharing a type or mint mark, as in all morgan dollars or all carson city. In the cases of bank hoards the work is done for you. As a collector I would say you can choose any market you like, but once you do stick with it and collect in bulk and high quality. MS 65 is really the minimum for most hoard coins, so you neet to keep that bar high. I hope this is helpful. --Adam
Great question. What constitutes a hoard? I know people who collect certain dates (my self included). One member of this forum 'hoards' 1864 small motto and 1872 two cent pieces. He also collects 1914 S Barber quarters (we have a contest going to see who gets more of the 1914 S quarters. Altho, neither of us knows who is winning.) I have a nice bunch of Barbers: dimes, quarters and half dollars. Is it a hoard? well, kinda. I think so, but to a dealer, it could just be inventory.
Toad: There was a dealer who supposedly had bags of them. Now, the question of the day: How many 1896 S quarters constitutes a Hoard? mintage: 188,039 How about the 1913 S quarter? Mintage: 40,000. Should be some interesting answers.
Archaeologically, a hoard is any two or more coins found in context. A purse with three cents in it technically qualifies as a hoard. Of course, I realize the hoards that you are talking about are very different from the ones I am.
A hoard is any amount of coins that you decide are valuable enough to 'hoard away' into a stock pile. Can be three...can be three thousand Me, my early coppers (the few I have) are the start of a seriously addictive hoard of mine :kewl:
There is a web site, not sure if I got it right, called realcent.forumco.com where people talk all the time about hoarding massive amounts of Copper Lincoln Cents. I suspect that most there are hoarders for the purpose of eventually melting those for the Copper prices. To me a coin hoarder is just a person that collects and stores all or certain coins with no real intent on having a coin collection, just coins. If that makes any CENTS, that is. However, there are those that just stockpile certain types of coins for sentamental reasons aside from a regular collection. For me it's Mercury Dimes. I have well over 3,000 of the stupid things. Of course I have 12 Whitman Classic Albums of them and almost all full but then there are the numerous plastic rolls of the things and many in 2x2's. Then there are about 30 to 40 rolls of 1943 Lincoln Cents from when I was a kid. That is hoarding but it reminds me of when I was a kid and that was a long, long timea ago.
I remember that, I was actually looking for that thread the other day and I couldn't find it. I wonder if it got deleted.
Who has the pleasure of assigning a coin or a set of coins the title "hoard"? The Omaha bank hoard! and The Binion hoard! Who named it that? The actual definition of Hoard is: to acquire and hold goods beyond ones reasonable needs usually because of an actual or anticipated shortage or price increase. I wonder if there's gonna be a copper lincoln penny hoard out there somewhere?
Hmmmm...... Being that other member and using the definition qouted above I guess we're hoarders Treashunt. We both like sleeper coins so we seek them out. Now my love of Two Cent Pieces led to my "hoard". As I upgraded my set I never sold off. Actually did buy a small motto not long ago because it was cheap with no problems. Think that was number 11. The 1872s did "explode" so I haven't bought one in years. Stuck at 5. I KNOW you have more 14-S than I do. Still reasonably priced but haven't been seeing any. I tend to stop hoarding when the price finally does take the dramatic increase I've been expecting. Happened with the 1927-S quarter. They float into work but the boss always wants close to full bid for a G4 coin. So I change gears. He still has little respect for the 27-D so I snatch 'em up when they come in. Depending on the mood I catch him I'll buy them as low as $5 for a G-VG coin. If one gets down to it we that look for sleepers and cherrypics are hoarders. Perhaps small time but hoarders. BTW Treashunt. I don't think most dealers have "inventory" like our hoards. Sleepers tend to move pretty fast.
What do you guys consider a hoard? Is there a number one must meet? Yes, but the number of coins needed to be a "hoard" would vary depending on the coin. If you had a million 2008 Lincoln cents I still wouldn't consider that a hoard because it is a minuscule drop in the bucket compared to the number of pieces available. Whereas it you had two 1913 V nickels I think you would agree that would constitute a hoard being 40% of the known specimens. Do a few key rare coins meet requirement? It can depending on the rarity of the coins. It would take fewer 16-D dimes to be a hoard than 09-SVDB cents and far fewer 1916 SLQ. For some coins it only takes a small handfull of coins or less. In 1803 large cents there are only about 100 S-262 known to exist, I have three of them. Is that a hoard? I think so, though a small one. Must you corner a certain market to be considered a pro hoarder? A Pro Hoarder? I have no idea what that would be unless it is someone who creates hoards of many different coins.
I have to agree with that last statement. It is a shame that you are stuck at #5 with the 1872, but what a deal you now have! as for me, I only have (now) #3 small mottos, and #2 1872's, one a VG, that should be a fine, and a PCGS XF-45. But those 1914 S's!
the site www.ushoard .com should be up by mid january. You wiill be able to read about and see examples of hoards and even report your own findings.
I have a complete set of Silver Eagles Mint and Proof, Would you consider a coin from the Windy City Hoard a part of a collection or just another label on a Silver Eagle?
