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#1
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! -- Incredible news about Bust Dollars -- !
KSF Regional Newswire ( April 1, 2005) -- A bag of 1,000 silver dollars from
the earliest days of the U.S. mint were discovered by workers today while renovating the Wachovia Bank in downtown Philadelphia, PA. 'I was called over to evaluate the bags', said the Staff Numismatist for a nearby coin and hobby shop. 'There were four old bags, of the kind I've seen before, that contained Morgan Dollars from the late 1800s. This in itself was quite a thrill to find, as the coins inside were in great condition. But sitting by itself in the corner was a type of mint bag that I've never seen before. I opened the bag, and the fabric fell to pieces in my hands. Inside were U.S. Bust Dollars, all dated 1798, just like they rolled off the mint press two hundred years ago. I coudn't believe it, and had to stare into the bag for five minutes to make sure I wasn't dreaming', he said. The Wachovia Bank is, by chance, located near the historic location of the first mint in the nation. There has been a bank there since colonial times. 'They are the best Bust dollar's I've ever seen', he continued. 'Clearly the bag was placed in this vault two hundred years ago, and hasn't been moved since, because the fabric was so fragile. It is my guess that the best of them will grade out at MS68 or even MS69, which is unprecedented. The amount of money we are talking here is in the tens of millions.' Numismatists use a 70 point grading scale when determining a coin's condition, and it is rare even with modern coins to have any coin grade a nearly perfect 70.' ---------------------------- For more on this story, go he http://tinyurl.com/5qznf --Keith |
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#2
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"Paul Baker" wrote in message ... I found one for sale on ebay already ! http://cgi.ebay.com/ws/eBayISAPI.dll...tem=3968155892 Funny that the clown couldn't even use the same coin in all the pictures! (Check the lettering on the reverse images.) jim menning |
#3
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I found one for sale on ebay already !
http://cgi.ebay.com/ws/eBayISAPI.dll...tem=3968155892 I found a bag last FIRST of APRIL............ Thanks Mr Paul Baker "fletch" wrote in message ... KSF Regional Newswire ( April 1, 2005) -- A bag of 1,000 silver dollars from the earliest days of the U.S. mint were discovered by workers today while renovating the Wachovia Bank in downtown Philadelphia, PA. 'I was called over to evaluate the bags', said the Staff Numismatist for a nearby coin and hobby shop. 'There were four old bags, of the kind I've seen before, that contained Morgan Dollars from the late 1800s. This in itself was quite a thrill to find, as the coins inside were in great condition. But sitting by itself in the corner was a type of mint bag that I've never seen before. I opened the bag, and the fabric fell to pieces in my hands. Inside were U.S. Bust Dollars, all dated 1798, just like they rolled off the mint press two hundred years ago. I coudn't believe it, and had to stare into the bag for five minutes to make sure I wasn't dreaming', he said. The Wachovia Bank is, by chance, located near the historic location of the first mint in the nation. There has been a bank there since colonial times. 'They are the best Bust dollar's I've ever seen', he continued. 'Clearly the bag was placed in this vault two hundred years ago, and hasn't been moved since, because the fabric was so fragile. It is my guess that the best of them will grade out at MS68 or even MS69, which is unprecedented. The amount of money we are talking here is in the tens of millions.' Numismatists use a 70 point grading scale when determining a coin's condition, and it is rare even with modern coins to have any coin grade a nearly perfect 70.' ---------------------------- For more on this story, go he http://tinyurl.com/5qznf --Keith |
#4
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With that many hitting the market the value will nose dive! It may be
possible in the future to get a circulated specimen for a very reasonable price! |
#5
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That'll learn me to read the responses first. LOL
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#6
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I realize this is an April Fools item, but market history shows that
many hoards tend to have a salutory effect on the market, rather than a depressing effect. Any depressing effect(s) tends from small to medium-sized hoards to be very short term, as temporary greater availability brings out the enthusiasm of collectors who previously never had any hope of obtaining a scarce item. On the other side of the coin, a truly savvy finder of a 250 coin bag of MS 65 Bust dollars would simply sell one or two coins every three years and keep the existence of the remainder a top secret. He or she could keep their family on easy street for several generations to come. oly Bernhard Rich wrote: That'll learn me to read the responses first. LOL |
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