Gold coin hoard will sell quickly - Coin Values
May 28
Hearing of a “hoard” of coins conjures up images of surplus, oversupply and the uncommon that suddenly becomes common. This happened in 1962 when hundreds of thousands of the formerly rare Mint State 1903-O Morgan dollars surfaced in the form of $1,000 canvas bags of silver dollars that had been locked in a vault at the Philadelphia Mint since 1929.
The values of the previously few known Uncirculated examples of the 1903-O Morgan dollar quickly plummeted from between $1,000 and $2,000 each all the way down to about $25.
Entire article: Hoard’ will sell quickly - Coin Values
Filed in: Coin Values, Shipwreck Coins, U.S. Coins
Article Tags: Coin Values, Gold Coins.
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