I'm sure that by now most of you know that I work at a bank. Last week I posted about a deposit that a local business made containing 350 Mercury dimes. I never that that I'd top that, but, I just did! An older gentleman came in this morning to make a deposit, and puposely waited for me. He came up to my station and set down his deposit. You guys won't believe this list: 29 Morgan Silver dollars 41 Peace Dollars 1935A $1 North Africa Silver Certificate 1957 $1 Star note Silver Certificate 1957 $1 Silver Certificate (3) 1957A $1 Silver Certificate (2) 1957B $1 Silver Certificate (10) 1935E $1 Silver Certificate (2) 1935H $1 Silver Certificate 1953 $5 Silver Certificate (2) 1953A $5 Silver Certificate (2) 1934C $5 Silver Certificate (2) 1934D $5 Silver Certificate 1928F $5 United States Note 1928 $20 Federal Reserve Note Obviously, my eyeballs nearly popped out of their sockets when I saw this hoard that had been dumped out. I didn't feel right just taking the money without informing the gentleman of what he was doing. I told him that he was depositing some valuable items and he smiled and said "I know". It turns out that this guy had seen my Redbook sitting out the previous week. He told me that he had no children to pass his collection on to, and thought that I might like it. I was astounded and thanked him A LOT!
I'm guessing not much of your paycheck makes it out of the bank Congrats!!!! I think you did him a favor too.....knowing his collection is now in the hands of someone who will truely appreciate it.
Yeah, good point. I'll probably have to skip lunch for the next week. Oh well, its a small price to pay in my opinion.
Gotta admit TOLS you got the good karma coming your way. Like they say "Everything that you do is gonna come back to you" So, you must be doing something right...Carry on
AMAZING find-congrats. I guess I should start taking my RedBook with me everywhere I go now! congrats again- BIll
Way to go!!! A new guy at the bank saved me about 6 world coins he had found in change....said that since they aren't US they just get rid of them so I got them for free...nothing much but fun just the same!! Speedy
Heres the list for the coins: Morgans 1878 2 1885-O 1 1901-S 1 1902 9 1921 13 1921-D 3 Peace 1921 6 1922 3 1923-S 8 1924 4 1925 6 1927-S 1 1935 11 1935-S 2 No Key dates here, but the coins all grade between XF and BU. The gentleman who made the deposit actually pulled them all from circulation back in the 1920's and 30's, when he was a teenager. Normally I sell the things I find at work to finance whatever collectinon I happen to be working on at the time. These, however, are keepers.
Actually that 1921 Peace is a key coin. If you have six of them then you might have yourself a small fortune there. My satin finish 1921 Peace is worth about $2,500 right now.
They're all in EF to AU range, so while valuable, I'm sure not going to retire off of them. In these grades Redbook values them at $90-140 a piece. I know that the Redbook isn't particularly accurate, but I haven't gotten a chance to check out the completed e-bay auctions yet. Even so, not bad for a buck a piece.
LOWELL, If you truly have a 1921 "Satin Proof" Peace Dollar, it is worth a lot more than $2,500 unless it is in poor condition! Although the 1921 "Matte Proof" Peace Dollar is the coin that is sought after the most, the Satin Proofs are much rarer and bring high dollars when they come up for auction. Check out the link below of prices realized for both of these at auction. http://www.coinfacts.com/silver_dollars/peace_dollars/1921_peace_dollar.htm If you ever decide to sell it, then you might want to contact Heritage Coins or Bowers & Merena. Frank
My recommendation would be to sell all but one of each of the Morgans and all but two of each of the Peace Dollars, keeping the best coins for your Collection! With the money you receive from the sell of the coin, you should be able to complete (although you will have to purchase another 1927-S) one or both sets of Peace Dollars and you will still have a good start on the Morgans. Before you sell any of the 1921 and 1922 Peace Dollars, have them checked out to see if any of these are Matte or Satin Proofs and if any are High Relief. Congrats on your amazing, once in a lifetime purchase! Good luck! Frank
I know this may sound sacreligous to most of you, but I never really cared for the Morgan or Peace dollars. I'm way more interested in early coppers, half dimes, and barber coinage. I am tempted to let these coins go in order to buy more coins that I truely enjoy collecting. I'm not sure why, but I feel like it would be disrespectful for me to turn around and sell these coins as they were, basically, a gift. So, I don't think that I'll complete either set. Instead, I'll just hang onto these coins, and maybe one day I'll have a child to pass them on to.
I think it would be very selfish to just sell the coins the guy had saved for 75 years and was nice enough to give them to him at a steal rate when he could've made some money on them including the old currency by selling them to a dealer. I think Tols has made the very best decision and I am proud of him that he wont be a sell out to make a quick buck.
My recommendation to TOLS was not to sell the coins for a quick profit! By selling off the extras, TOLS could use the money to complete one and possibly two Peace Dollar Collections which would be much more vauable than a few scattered Dates sold individually. Also, with the remaining coins and a little time and money, TOLS could put a fairly decent Collection of Morgans together which again is much more vaulable than just a few scattered Dates sold individually. These Collections are what he/she would want to pass down to his' or her' future children! This would be no disrespect to the old gentleman that sold him the coins at face value as I am sure that he knew what he was doing! He has given TOLS a great opportunity to complete several Collections and now it is up to him/her to take the next step! Frank
