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Jan 27, 2014: tell Doug what's wrong with this Morgan
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<p>[QUOTE="GDJMSP, post: 1855104, member: 112"]He doesn't until he opens it up and looks.</p><p><br /></p><p>There's a couple of things when you talk about rolls of Morgans. First of all, how do you define the word "original" ? And perhaps even more importantly, how does the person telling you that a roll is "original" define it ?</p><p><br /></p><p>When somebody says the words original roll, in the mind of the person hearing the words they conjure up the idea of coins untouched and unseen for years. In the case of Morgans, for many decades even. But when were Morgans put into paper rolls ? For the most part it wasn't until the early 1960's, and that only lasted for a few years. Prior to that there simply weren't that many of them around, not in banks anyway. And most of those rolls that you could get from banks, I used to buy them myself when I was a kid, were composed of circulated coins of mixed dates and mints.</p><p><br /></p><p>Rolls of uncirculated Morgans, all of the same date/mint, existed, but they came from coin dealers for the most part. Dealers who had gotten their hands on one of the $1,000 bags released from the govt. vaults in the '60s. And the dealers would put them into rolls and sell them to their customers. So could you say those rolls were original ? Yeah, but they din't come from any bank, and most definitely not from the govt., not in roll form.</p><p><br /></p><p>Now it's been 50 years since those days, since you could, if you were lucky, get your hands on an original roll of Morgans, let alone an original bag. Are there any that still exist ? Yeah probably, but they are about as scarce as you can get. And they get more scarce with every day that passes. For somebody, somewhere, is going to break them up and sell the coins individually, if they ever get their hands on any.</p><p><br /></p><p>You also have to realize that for many years some dealers and unscrupulous individuals would assemble the required number, 1000, Morgans of the same date/mint and then put them into bags and offer to sell them as an original bag, hopefully for more money than they had in the coins. And because of people's love to gamble they could pretty much be assured that they would be successful. Lots of those "original rolls" came to be in this manner, far more than were ever real original rolls.</p><p><br /></p><p>So when you hear or read the words original roll of Morgans, the first thing that should pop into your head is a very large dose of skepticism for very few of them ever existed to begin with, let alone still exist today.</p><p><br /></p><p>But yeah, it's possible. Of course it's also possible that a meteorite will strike your car while you are driving down the freeway today <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1855104, member: 112"]He doesn't until he opens it up and looks. There's a couple of things when you talk about rolls of Morgans. First of all, how do you define the word "original" ? And perhaps even more importantly, how does the person telling you that a roll is "original" define it ? When somebody says the words original roll, in the mind of the person hearing the words they conjure up the idea of coins untouched and unseen for years. In the case of Morgans, for many decades even. But when were Morgans put into paper rolls ? For the most part it wasn't until the early 1960's, and that only lasted for a few years. Prior to that there simply weren't that many of them around, not in banks anyway. And most of those rolls that you could get from banks, I used to buy them myself when I was a kid, were composed of circulated coins of mixed dates and mints. Rolls of uncirculated Morgans, all of the same date/mint, existed, but they came from coin dealers for the most part. Dealers who had gotten their hands on one of the $1,000 bags released from the govt. vaults in the '60s. And the dealers would put them into rolls and sell them to their customers. So could you say those rolls were original ? Yeah, but they din't come from any bank, and most definitely not from the govt., not in roll form. Now it's been 50 years since those days, since you could, if you were lucky, get your hands on an original roll of Morgans, let alone an original bag. Are there any that still exist ? Yeah probably, but they are about as scarce as you can get. And they get more scarce with every day that passes. For somebody, somewhere, is going to break them up and sell the coins individually, if they ever get their hands on any. You also have to realize that for many years some dealers and unscrupulous individuals would assemble the required number, 1000, Morgans of the same date/mint and then put them into bags and offer to sell them as an original bag, hopefully for more money than they had in the coins. And because of people's love to gamble they could pretty much be assured that they would be successful. Lots of those "original rolls" came to be in this manner, far more than were ever real original rolls. So when you hear or read the words original roll of Morgans, the first thing that should pop into your head is a very large dose of skepticism for very few of them ever existed to begin with, let alone still exist today. But yeah, it's possible. Of course it's also possible that a meteorite will strike your car while you are driving down the freeway today ;)[/QUOTE]
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Jan 27, 2014: tell Doug what's wrong with this Morgan
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