My favorite teller gave me this dollar for face this week - I insisted she take more than face! Said a young adult male cashed in a bunch of coins this week and this was in it. Amazing to see coins from the 1800's turn up in banks!!!
It's sort of sad because there seems to be a pretty high probability that the coins were taken from someone elses collection. Well, at least they found a new home but it might be a good idea to read the local paper to see if any collections were stolen -- most likely by a family member.
that is one of my biggest fears, having a Hundred thousand dollars worth of coins traded in for three hundred
Correct about the family members... I had over two hundred Morgans when I went in the service in '64.... came home to zero.
Our favorite teller at the bank saves G things that she thinks he will like too! It's actually a great inexpensive resource for coins, he hasn't found many keepers, but he has had a lot of fun and learned quite a bit while looking. :thumb: I recently bought several rolls of new uncirculated presidential dollars at the bank for Garrett and I'm always paranoid about which ones are keepers and which ones I get to spend. I love to confuse the poor little McDonalds guy at the drive thru window with the dollar coins. I have to remind him every time I use them, they're not "funky quarters." (I am amazed at how many people have NEVER seen them) Rather than return the dollar coins that he didn't want to keep to the bank Garrett thought it would be cool to release them into circulation, so he's been paying for his lunch with them at school ($6.00 a DAY?!?!) :bigeyes: After a week the lunchroom lady asked if they were real or if he was making them in his garage. :mouth: I really hope your coin wasn't stolen before it found it's way to you, but if it was, the coin might help find the thieves. It's too bad that theft even has to be considered, but it's a real possibility. The police wouldn't go through very much trouble for just your coin, but if it's part of a larger collection that was taken they would take move of an interest. The bank will have surveillance video of the "young male" and you probably have at least a partial fingerprint of the person that brought it to the bank on that coin. (I watch CSI and Law and Order, can you tell) If you live in a small town you could even call the police dept and see if there were any recent reports of theft that included coins. Don't waste your time with a call if you're in a big city. Theft is a big fear of mine. That is why G's coins all live at the bank, they only get to come home for the occasional visit. (That's why getting the coin photography nailed is so important to him, pictures is how he enjoys them.) I don't mean to diminish your excitement. :hug: It is quite a cool find, but if it's part of a larger stolen collection I'd want to help get get them returned. There are a couple of other possibilities other than theft as to how the coin made it to the bank. :vanish: They could have done what I fear doing and just spent the wrong coin or they needed money, cashed in their own piggy bank and just had no idea what they had. With the economy in the condition it's in and unemployment rates at the highest level in 16 years people are scraping together what they can. I read in one of G's coin magazines that now is a great time to be checking your change because so many people have been cashing in their piggy banks and coins that have been kept for years are finding their way into circulation. One business that doesn't seem to be having trouble in this economy is coin star. I'm seeing those machines pop up everywhere. Just in our neighborhood they've put one in Publix and Super Wal-Mart in the last 6 months. Good luck, keep us posted on what you find out. :secret:
LOL - No Ruben - just a good friend who is in fact marring another good friend. This coin was part of a large unremarkable lot and was the only one that was silver. This is not a coveted prize collection coin. This is a well circulated dirty coin that has been handled by at least three people other than me before it made its way to me. Those three people are not coin collectors so I am sure what ever may have been on the coin prior to being cashed in is long gone. Lets face it folks - the police are not going to care about this one coin and it is obvious it's not worth more than the silver - especially to a dealer. If it looked like it had been recently broken out of a 2x2 or TPG slab this could be a different conversation. It is just as likely that it was given to a kid as a gift from a relative or friend of the family. It could have just as easily then been traded for some wanted item and then making it way to a bank for something the owner could actually use in a store without much grief. If more silver comes into the bank from the same source my teller friend will I'm sure comment on it to the proper people to avoid any risk of accepting stolen goods. There is always the possibility that it was taken from someone unknowingly but what is the bank or me supposed to do about every piece of silver that comes into the bank. It happens all the time! It has a safe home for now!
