Another Treasury Bags Hoard (All O)...

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CascadeChris
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Another Treasury Bags Hoard (All O)...

Post by CascadeChris » Sat Nov 09, 2019 2:42 am

What I wouldn't give to be part of the team handling one of these sealed bag caches 🤯

https://www.coinworld.com/news/us-coins ... r-55-years
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CascadeChris
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Re: Another Treasury Bags Hoard (All O)...

Post by CascadeChris » Sat Nov 09, 2019 2:45 am

@HawkeEye @LateDateMorganGuy will want to see this. And @ashmore86 too, doubt theres any H9/10's though since Jeff specifically mentions he didn't search for varities and if any late Scars were in there I'm sure it would have made mention..
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LateDateMorganGuy
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Re: Another Treasury Bags Hoard (All O)...

Post by LateDateMorganGuy » Sat Nov 09, 2019 3:19 am

Very cool. Wonder if they will be slabbed with the "name" of the hoard? Maybe there is a 02-O V90A in there :ugeek:

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PacificWR
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Re: Another Treasury Bags Hoard (All O)...

Post by PacificWR » Sat Nov 09, 2019 3:29 am

For sure.

RogerB
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Re: Another Treasury Bags Hoard (All O)...

Post by RogerB » Sat Nov 09, 2019 4:10 am

U.S. Treasury records show fairly large annual purchases of silver dollars by banks in Montana, Idaho, Nevada and parts of other western states. Most of these coins likely did not end up in circulation or gambling devices.

The $13,000 paid by the owner for these bogs (assuming 1960 purchase) would now be worth about $1.4 million if put into an average stock market portfolio and cashed out today. If a growth stock had been selected (no, we won't go as far a Berkshire Hathaway....) the present value would be more like $12 to $15 million.

If the 80-year old widow was paid $30 per coin, she received only $390,000. (About 5.9% ARR.)

Sad.

RogerB
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Re: Another Treasury Bags Hoard (All O)...

Post by RogerB » Sat Nov 09, 2019 4:18 am

OK....for those who want the BH extreme ---

$13,000 in Dec 1962 would have bought 1,733 shares of Berkshire Hathaway @ $7.50/share.
The closing price today was $331,526 per share.
That means $13,000 invested in Berkshire Hathaway and held to today would be worth --
$574,534,558 --- yep, that's over half a billion dollars.

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CascadeChris
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Re: Another Treasury Bags Hoard (All O)...

Post by CascadeChris » Sat Nov 09, 2019 6:00 am

RogerB wrote:
Sat Nov 09, 2019 4:18 am
OK....for those who want the BH extreme ---

$13,000 in Dec 1962 would have bought 1,733 shares of Berkshire Hathaway @ $7.50/share.
The closing price today was $331,526 per share.
That means $13,000 invested in Berkshire Hathaway and held to today would be worth --
$574,534,558 --- yep, that's over half a billion dollars.
Ohhhh, now do if the wife would have sold it in 2010 (hell, just use sold as bullion for your numbers) and spent that all on bitcoin then sold her bitcoin in late 2018 :mrgreen:
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CascadeChris
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Re: Another Treasury Bags Hoard (All O)...

Post by CascadeChris » Sat Nov 09, 2019 6:04 am

LateDateMorganGuy wrote:
Sat Nov 09, 2019 3:19 am
Very cool. Wonder if they will be slabbed with the "name" of the hoard? Maybe there is a 02-O V90A in there :ugeek:
Well, there are True View style shots of an 02o and 82o if you want to try to nail them down. At least we'll know two of the probably plentiful die pairs from the hoard...

1902-o-morgan-ngc-65-merged.jpg
1902-o-morgan-ngc-65-merged.jpg (274.74 KiB) Viewed 174 times
1882-o-morgan-ngc-65-merged.jpg
1882-o-morgan-ngc-65-merged.jpg (327.62 KiB) Viewed 174 times
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messydesk
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Re: Another Treasury Bags Hoard (All O)...

Post by messydesk » Sat Nov 09, 2019 6:43 am

LateDateMorganGuy wrote:
Sat Nov 09, 2019 3:19 am
Very cool. Wonder if they will be slabbed with the "name" of the hoard? Maybe there is a 02-O V90A in there :ugeek:
They'll definitely be slabbed with the hoard name and then mass marketed as such.
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collectinsince65
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Re: Another Treasury Bags Hoard (All O)...

Post by collectinsince65 » Sat Nov 09, 2019 6:01 pm

Here's a link to Jeff Garrett & this dubbed "The Great Southern Treasury Hoard"
Interesting view
Mike
https://coinweek.com/video-news/coinwee ... n-dollars/

morganman
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Re: Another Treasury Bags Hoard (All O)...

Post by morganman » Sat Nov 09, 2019 7:21 pm

In yrs past some members here blasted me & much worse for STATING that it was inevetible that
some original 1,OOO coin Morgan bags could still exist, most likely held in individual estates etc

I said this as i personally am the owner of quite a few bags acquired in 1965-1974
Great to see some bags being disscovered- and i am privy to know of a bunch sitting in a
Montana Hoard. I have first crack at buying them if & when available.

Lavere Redfield sold me 8 orig bags when i was but a kid- took me over a yr to pay for them
from proceeds from me selling butcher hogs and pickin blackberries in summer= YUK-
terrible memories of hands always hurting from stickers and stains. UGH
I still own the bags -unsearched- hidden away since bought- moved a few times/various storagedont h

So to the few old naysayers here- I say OH WELL- Just because you dont have em LOL
:|

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CascadeChris
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Re: Another Treasury Bags Hoard (All O)...

Post by CascadeChris » Sat Nov 09, 2019 7:52 pm

morganman wrote:
Sat Nov 09, 2019 7:21 pm
In yrs past some members here blasted me & much worse for STATING that it was inevetible that
some original 1,OOO coin Morgan bags could still exist, most likely held in individual estates etc

I said this as i personally am the owner of quite a few bags acquired in 1965-1974
Great to see some bags being disscovered- and i am privy to know of a bunch sitting in a
Montana Hoard. I have first crack at buying them if & when available.

Lavere Redfield sold me 8 orig bags when i was but a kid- took me over a yr to pay for them
from proceeds from me selling butcher hogs and pickin blackberries in summer= YUK-
terrible memories of hands always hurting from stickers and stains. UGH
I still own the bags -unsearched- hidden away since bought- moved a few times/various storagedont h

So to the few old naysayers here- I say OH WELL- Just because you dont have em LOL
On my next trip to the NW, I'm stopping by and buying a Redfield bag Scott! 😎
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colwillys
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Re: Another Treasury Bags Hoard (All O)...

Post by colwillys » Sat Nov 09, 2019 10:36 pm

Just a mint bag will dew , I would have to dig up big bucks for a Redfield bag .I'll get in line Scott . :lol:

blh74
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Re: Another Treasury Bags Hoard (All O)...

Post by blh74 » Sat Nov 09, 2019 11:27 pm

WOW! I want one bag, hah! Can daydream for now.

neals384
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Re: Another Treasury Bags Hoard (All O)...

Post by neals384 » Mon Nov 11, 2019 5:34 pm

"None of the coins was examined for variety as attributed in Comprehensive Catalogue And Encyclopedia of U.S. Morgan and Peace Silver Dollars by Leroy Van Allen and A. George Mallis."

13,000 is a lot of coins to review for varieties, but how hard would it have been for them to take a wee peek to see if those 88-Os have Oval O's? What if an entire bag is Oval Os. Oh, wait, I hope not, since I have one! A single 88-O oval O, that is, not an entire bag.

RogerB
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Re: Another Treasury Bags Hoard (All O)...

Post by RogerB » Mon Nov 11, 2019 7:08 pm

From examining original bags many years ago, each bag seemed to contain coins from only 2 presses - hence, most would have two varieties in a bag. The ones I saw were in New Orleans & San Francisco & Philadelphia Mint bags and not repackaged.

Also, hundreds of bags were purchased from treasury, examined for rare pieces, then returned. These were rebagged and likely mixed much more than originals.

(See Roger W. Burdette: Private Pattern and Related Pieces: International Nickel & Gould Incorporated for information about the Treasury silver dollar release, etc.)

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Longstrider
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Re: Another Treasury Bags Hoard (All O)...

Post by Longstrider » Mon Nov 11, 2019 7:20 pm

Holy Cow! Thanks for all the info everyone. Very interesting.🐍

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CascadeChris
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Re: Another Treasury Bags Hoard (All O)...

Post by CascadeChris » Mon Nov 11, 2019 10:07 pm

RogerB wrote:
Mon Nov 11, 2019 7:08 pm

Also, hundreds of bags were purchased from treasury, examined for rare pieces, then returned. These were rebagged and likely mixed much more than originals.

(See Roger W. Burdette: Private Pattern and Related Pieces: International Nickel & Gould Incorporated for information about the Treasury silver dollar release, etc.)
I've only heard of buyers buying dozens of bags, taking them to the hotel room, burning a cigarette hole in the bag to check the bags then returning any they didn't think were worth it the next day for another fresh bag.. There was a rebagging method too? 🤔
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RogerB
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Re: Another Treasury Bags Hoard (All O)...

Post by RogerB » Tue Nov 12, 2019 2:37 am

Treasury did the rebagging when the coins were returned, and gave out the same coins to purchasers. (The book mentions just a few who did this including Harry Foreman from Philadelphia.)

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