Morgans — New York Bank Hoard

For those interested:

https://www.ngccoin.com/news/article/6702/

 

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Would it be too cynical of me to predict that many of the nicest ones will be at Jeff Garrett's table at Philly ANA?

I mean, the cross-promotional stuff coming from him and NGC is a tad thick, don't you think?

{And I say this as an NGC paid member.}

 

Why would these be given a special line apart and separate from the regular NGC population line?

 

For the same reason so much is done these days in numismatics - MARKETING and creating an artificial sense of differentiation, just like "Early Releases" and "First Strike".

 

That was certainly fast for grading 16,000 coins. Just seems we were talking about the revelation a couple of weeks ago. Or am I crazy?

 

Don't do the math. It'll only make you sick over how little time is spent on each.

 

5 seconds a coin..........grading is done in no time at all.

 

I’ll take your advice.

 

You would think they’d take at least 10 seconds. Oh, well, profit knocks.

 

Indeed. Money to be made.

 

If it is anything like many of the other hoards, the prime material is submitted separately for real grading and the rest in sent in tubes to be encapsulated as "BU" or "Brilliant Uncirculated" which all are as the coins come from original mint bags.

 

Let's assume a 3 grader panel did all 16,000. We know from the article that Salzberg was the finalizer for many. If the whole grading process took 10 seconds for each grader, that's 6 per minute, not out of the normal. 360 per hour.

 

Guess I learned something.

 

Why did Eddy Rabbit just pop into my head? Midnight Headlights?

I'll go stand in the corner......

 

Where I'm at, it is a rainy night. Maybe it was the same for you.

(pun to his song)

 

No rain here, Just popped into my head. I associate many things with many things, and for what, I know not...........

 

How much of a premium are these NY Hoard Morgans selling at compared to regular NGCs for the same grade ?

 

The last few MS 65s Morgans on eBay went for around $50 over a generic MS 65 example. The 66s were $100-$150 over generics 66s.

https://www.ebay.com/sch/39464/i.html?_from=R40&_nkw=new+york+ngc&LH_Sold=1&LH_Complete=1

 

Reality its just common date Morgans and 67 not rare for any of those dates without special toning who cares

 

Yup...but a nice/interesting story nonetheless.

And hard to believe that someone could have that much silver and forget about it. Unless they were pretty well-off and the $$$ didn't mean much to their net worth.