#1666979 - 05/17/0708:43 PMRe: Please name, and give a brief history, of great coin hoards...
[Re: rrantique]
rbrown4rbrown4
If you have a dream about out-posting me, you better wake up and apologize.
Registered: 12/04/06
Posts: 2894
Loc: Northern Virginia
A very small sort of hoard.
A co-worker told me a story today about his father who used to run a general stroe in Alabama years ago. Back in the 60's a gentleman came in to pay off his bill and placed a bag on the counter to cover the $88.00 bill. The bag contained all Mercury Dimes. His father was a semi-coin collecter, silver only so he immediately said sure, took the bag and put $88.00 in the till out of his wallet.
The bag of coins is now in my co-workers hall closet. I am trying to see if he will consider parting with it. Who knows, there may be some surprises in there. With 880 dimes there should be.
Rey
_________________________
Want List: Knowledge and Understanding. 1916 D Winged Liberty Dime, 1913 V-2 Buffalo, 1913 S V-2 Buffalo, 1918 D 8/7 Buffalo and the 1937 D 3 Legged Buffalo
I was hired last year as an expert witness (for the plaintiff) in a civil case regarding a stolen rare coin collection. Long story short: collector passes away after collecting for 70 years. Out of 6 surviving children, 1 supposedly stole all of the good coins. The plaintiff was trying to establish a value, based on the fact that the collector pulled most of the coins from circulation. The defense claimed that it would not have been possible to find key date coins in the 30s, 40s, etc. I used the famous "New York Subway Hoard" as an example of how rare coins in nice condition could have been found during that era.
The New York Subway Hoard was purchased by Littleton from 1991-1996. Two guys (also collectors) worked at the New York subway collecting tolls from the 1940s through the 1960s. They pulled all of the old silver out that they could. There were dozens of complete sets of Barber Halves, Quarters and Dimes. I think they even had half a roll of 1916 quarters (some in high grade) that came out of the hoard, and many rolls of 1916-D dimes and 42/1 dimes. Also other key dates, like the 1918/7 quarter. Tens of thousands of coins! This proved the case that key date coins were not saved heavily when we were on the silver standard and a collector who knew what he was doing would have pulled as many key dates out of circulation as possible, especially high grade examples. In the case that I was involved in, the judge awarded the plaintiff (the other 5 siblings) $3,000,000 in damages.
On another note, I have always been disgusted by the fact that Littleton publicly announced that they purchased the NY Subway Hoard for $250,000. If you do a quick calculation, that's a TINY FRACTION of what the hoard was really worth. The 1916 quarters alone would have been worth over $100,000. Together, the 16-D dimes and 16 quarters would have been $250,000. That means that Littleton was egregiously low in their buying price. I think it was worth WELL OVER $1,000,000. There were also several 01-S and 13-S quarters, but I don't remember how many. Also several 1918/7 quarters. Just the melt value would have been $250,000. Do the math.
I heard on the radio the other night while driving home that $500M worth of gold and silver coins along with antiquities were recovered from a shipwreck somewhere in the Atlantic...no details yet but I'm certain this will be quite the "hoard".
_________________________
Collecting: US Cents (currently working on Late Date Large Cents: 1839-1857) .... US Type (Dansco 7070)... Off and On for a Morgan Dollar Date set in AU50 (currently...back on...)
#1666983 - 05/19/0706:07 PMRe: Please name, and give a brief history, of great coin hoards...
[Re: lkenefic]
comicdonnacomicdonna This is what my dog thinks of your post.
TOTAL NEWBIE
Registered: 01/07/05
Posts: 23067
Loc: Near Albany NY
Quote: I heard on the radio the other night while driving home that $500M worth of gold and silver coins along with antiquities were recovered from a shipwreck somewhere in the Atlantic...no details yet but I'm certain this will be quite the "hoard".
the_Thing started a thread about it in the ancient coins section. For some reason, my computor won't allow me to provide a link.
Odyssey located and salvaged the shipwreck in an undisclosed site in the Atlantic beyond territorial waters. Odyssey chartered a jet which landed in the U.S. with 100's of plastic containers brimming with coins (more than 500,000) expecting to average $1000 a coin.
#1788331 - 07/13/0705:13 PMRe: Please name, and give a brief history, of great coin hoards...
[Re: RareSov]
RevenantRevenant
The Post-man always rings twice. Uhm... ring ring?
Registered: 06/15/07
Posts: 1545
Loc: Texas
Has anyone heard about something called the "Omaha Bank Hoard."
_________________________ I'm hoping to obtain a nice 2007 New Zealand Kiwi that is either graded or which I can send in to have graded by NGC. I would like it to have the original packaging with it too but that's not really a must.
