Morgans — New York Bank Hoard

Well, there goes down the value of all the current Morgans of those dates on the market!

I wonder how many other tens of thousands of Morgans are still held in bank vaults waiting to be released....

 

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Interesting to see this:

Our only disappointment was the relatively small number of attractively toned coins. There are probably less than 100 examples with rainbow toning. I would have thought that 50 years of sitting in cloth bags would have produced a much different result in that regard. Nearly all of the coins are frosty white in appearance.

https://www.ngccoin.com/news/article/6678/​

 

I've always been hesitant to collect Morgans for that very reason. Everybody seems to love them though.

 

If you like the coins, collect them. Don't worry about a hoard materializing. They are fewer and far between.

But yeah, if you pay a huge premium for a particular coin, you run a risk akin to the 1903-O's in the 1960's.