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Morgan dollars from Gates Rubber Company
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<p>[QUOTE="nesvt, post: 25254, member: 1749"]I bought these at a flea market this past summer. I mentioned in another thread that I am a very new collector. These were the first coins I bought and what got me interested in Morgan dollars.</p><p><br /></p><p>From what I could find out on the internet, these were given to service attendants that noticed a fan belt was worn and recommended a new Gates fan belt. The driver of the car was actually a Gates employee and rewarded the attendant with this gift. I read they later switched to giving out silver rounds made by Franklin Mint.</p><p><br /></p><p>One of the five coins was reverse side up in the display package. That is why it has slightly darker toning on the reverse (and lighter on the obverse). You may notice the upper right coin has lost its luster. When I pointed to the package and asked how much, I was told $100. I offered $80. The seller picked up the package. One coin slipped out. He picked it up and rubbed the obverse over his t-shirt and said "These will clean up nicely. I'll take $90.". That's what I paid before he wiped the other coins.</p><p><br /></p><p>All five are 1887-P. I think they look AU. I assume they were UNC when they went into the package. I scanned the package, all coins together, and one single coin close-up.</p><p><br /></p><p>Grade?</p><p>Value?</p><p>Is there more value with the Gates package?</p><p>Any more history or corrections to my story?</p><p><br /></p><p>Looking forward to your input.[/QUOTE]</p><p><br /></p>
[QUOTE="nesvt, post: 25254, member: 1749"]I bought these at a flea market this past summer. I mentioned in another thread that I am a very new collector. These were the first coins I bought and what got me interested in Morgan dollars. From what I could find out on the internet, these were given to service attendants that noticed a fan belt was worn and recommended a new Gates fan belt. The driver of the car was actually a Gates employee and rewarded the attendant with this gift. I read they later switched to giving out silver rounds made by Franklin Mint. One of the five coins was reverse side up in the display package. That is why it has slightly darker toning on the reverse (and lighter on the obverse). You may notice the upper right coin has lost its luster. When I pointed to the package and asked how much, I was told $100. I offered $80. The seller picked up the package. One coin slipped out. He picked it up and rubbed the obverse over his t-shirt and said "These will clean up nicely. I'll take $90.". That's what I paid before he wiped the other coins. All five are 1887-P. I think they look AU. I assume they were UNC when they went into the package. I scanned the package, all coins together, and one single coin close-up. Grade? Value? Is there more value with the Gates package? Any more history or corrections to my story? Looking forward to your input.[/QUOTE]
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Morgan dollars from Gates Rubber Company
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