13,000 New Orleans-minted Morgans turn up

Discussion in 'US Coins Forum' started by Santinidollar, Nov 9, 2019.

  1. Santinidollar

    Santinidollar Supporter! Supporter

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  3. -jeffB

    -jeffB Greshams LEO Supporter

    The markets can remain irrational longer than you can remain solvent, and the dollar can retain value longer than your heart can maintain circulation. :(

    But if you're able to support yourself, and having most of your wealth in PMs makes you happy/comfortable/sanguine, who am I to judge?
  4. CircCam

    CircCam Victory

    I’d be willing to bet if she had 13,000 Morgans laying around all these years she probably has other assets in place that keep her boat floating nicely. :)
  5. -jeffB

    -jeffB Greshams LEO Supporter

    Yep. I don't see her in the "take them to the bank because the CoinStar wouldn't accept them" demographic.
  6. Conder101

    Conder101 Numismatist

    Small error in the article, the 16K hoard that turned up earlier were not 16K CC mint coins. Just goes to show that there are still hoards of dollars hiding out there from the major deaw down of silver dollars that occured in the early 60's. What else my come to light in the future as the old hoarders die off?
    GoldFinger1969 likes this.
  7. Santinidollar

    Santinidollar Supporter! Supporter

    A good question is whether those hoards will be gradeable coins or worn out pieces good for little but silver content. Large numbers of graded coins could depress prices.
    GoldFinger1969 likes this.
  8. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

    Wow. What a hoard
    GoldFinger1969 likes this.
  9. Conder101

    Conder101 Numismatist

    Hoards like this that were put away back during the Treasury free for all will be mostly MS so a great many will be gradable. Remember this hoard and the 16K coin hoard were all in mint sewn bags.
    GoldFinger1969 likes this.
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