This Gangster Morgan Got Beat Up!

Discussion in 'US Coins Forum' started by JimOfOakCreek, Jun 21, 2012.

  1. JimOfOakCreek

    JimOfOakCreek Member

    I bought an MS62 1884-O Morgan that was originally part of the Binion Collection.

    Lonnie Theodore "Ted" Binion (November 28, 1943 – September 17, 1998) was a wealthy U.S. gambling executive and one of the sons of famed Las Vegas casino magnate Lester Ben "Benny" Binion, owner of Binion's Horseshoe.

    Ted buried millions of dollars in gold & silver bullion and coins in a vault sunk into the desert. He was found dead with a staged heroin over-dose. In other words he was murdered.

    I was a fairly disappointed to see how dinged up the Obv of this coin is. But I'll keep due to the history and low purchase price.

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  3. Lon Chaney

    Lon Chaney Well-Known Member

    Cool pedigree on that.
  4. Lehigh96

    Lehigh96 Toning Enthusiast

    Bad thing about Binion Dollars is that they are common as dirt. Good thing it that there are enough collectors of Binion Dollars to drive a small premium if you are patient. Here is one in just a little better condition than yours.

  5. silentnviolent

    silentnviolent accumulator--selling--make an offer I can't refuse

    So did he ever retrieve / anyone find the buried desert vault?
  6. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    What do you think?
  7. JimOfOakCreek

    JimOfOakCreek Member

    According to Wiki:

    The vault was discovered two days after Binion died, whereupon Nye County sheriff's deputies arrested Binion's associate Rick Tabish and two other men unearthing the silver.

    Binion hid millions in and around his Las Vegas home, all of which went missing after his death. It is rumored to be buried on the property under odd mounds in the front and back yards. After the trial much of the silver was given to his daughter, but a large portion still remains unclaimed at the courthouse.
  8. gboulton

    gboulton 7070 56.98 pct complete

    Cheapest storage I've found for it yet. ;)
  9. silentnviolent

    silentnviolent accumulator--selling--make an offer I can't refuse

    I think as the owner of a casino he had a giant silver deposit on hand and as I've never heard of this before, the legend of D. B. Cooper's lost money came to mind, and the Lindbergh ransom money. Wishful thinking...
  10. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

    An interesting pedigree for a Morgan Dollar. Perhaps we should have a thread on Pedigreed Morgans?
  11. Lon Chaney

    Lon Chaney Well-Known Member

    The D.B. Cooper story is definitely an interesting one. I enjoy rereading about that every now and again.

    EDIT: And to Morgandude, a Pedigreed Morgan (or any coin) thread would be a fun read. Start it up.
  12. Lehigh96

    Lehigh96 Toning Enthusiast

    No need, it already exists (see link below).

    Read more:

    Kinda went over like I fart in church when I originally posted it though!
  13. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

    YOU fart in church? SHAME, shame. lol :) :) :) :)
  14. icerain

    icerain Mastir spellyr Supporter

    Interesting history on the pedigree. I saw a few Binion Morgans too, never did bid on any of them.
  15. xstatikal

    xstatikal New Member

    Binion Collection owner

    I have a 1884-O Binion graded as Brillant Uncirculated (MS 62) by NCS. Most collectors do not seem to put a premium on the coins and tend to only value for the coin itself. I have hung onto mine for 10 years now, just because of its history much like the guy who posted before.
  16. Atarian

    Atarian Active Member

    That's way nicer than the ones on TT...
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