Saturday, March 25, 2017

Binion Collection – 1883 Morgan Silver Dollar, VAM-10, AU53


Binion Collection – 1883 Morgan Silver Dollar, VAM-10, AU53
 
Binion Collection Population - 1 Silver Dollar.

Binion Collection – Extremely Rare (Unique) – The 1883 Morgan silver dollar from the Binion Hoard is another of the extremely rare variety with only 3 coins being graded and authenticated. Of the 3 known, 2 are regular variety 1883 Morgan’s and 1 is the VAM-10 variety. The VAM-10 is also a Top-100 classified Morgan.

This coin and date is an excellent example on both how Binion coins are still being returned to NGC for grading upgrades and VAM identifications. The NGC Census Report 2009 only shows the population as 1 coin and it was not a VAM coin while the 2014 report identifies the population of 3 Morgan silver dollars.




Friday, March 24, 2017

Binion Collection – Appearance & Grading


Binion Collection – Appearance & Grading

I have covered this topic in a previous blog a few years ago but thought it may be of value to repeat it for the new Binion collectors entering the hunt.

Appearance & Grading 


Eye appearance:  Compared to other hoards, collections and general population coins, Binion silver dollars do not have great (or in many cases even good) eye appeal. This is largely due to the storage and handling the coins received while under Binion ownership and the storage as evidence by the State of Nevada.  In both cases, the coins were commodities (evidence) and not collectibles.  They received rough handling in loading, unloading, transfer and storage activities.  The coins were transferred in work trucks, tossed about like lumps of coal and work equipment was used to load and unload the coins.

Grading:  The NGC labeled Binion coins fall into 3 grading categories.  Coins in the first category were authenticated as being from the hoard and graded.  Graded coins have a “hard” grade like MS63 or AU55. They have a specific and defined grade.  Coins in the second category were authenticated and received “soft” grades.  Examples of soft grades are “Uncirculated” or “Brilliant Uncirculated”.  No numeric grade is assigned. Coins in this group are less desirable than “hard” graded coins.  And coins in the third category were authenticated as from the Binion hoard, but did not receive any grade.  Many difficult to find dated coins fall into this category.  While they are the least desirable to the refined collector, in many cases the rarity of the date/mintmark still creates a market premium for the coin. 


Thursday, March 23, 2017

Binion Collection – 1882-S Morgan Silver Dollar, MS63


Binion Collection – 1882-S Morgan Silver Dollar, MS63
 
Binion Collection Population - 4 Silver Dollars.

Binion Collection – Extremely Rare – The 1882-S Morgan silver dollar from the Binion Hoard is another of the extremely rare coins from that hoard with only 4 coins being graded and authenticated. The NGC Census Report’s of 2009 and the 2014 are consistent with 4 Morgan silver dollars being “hard” graded and authenticated.  Shown here is one of the "4" that have been graded / authenticated.





Wednesday, March 22, 2017

Binion Collection – 1882-S Morgan Silver Dollar, BU


Binion Collection – 1882-S Morgan Silver Dollar, BU
 
Binion Collection Population - Not Available for "Soft" Graded Coins.

Binion Collection – According to the NGC Census Report, there were only 4, 1882-S Binion Morgan silver dollars “hard” graded and authenticated. This coin has received the "soft" grade of Brilliant Uncirculated by NGC so it is not included in population reports; however, the coin still demands a premium price in the market because of the rarity of the date/mintmark.  Source: Both the 2014 and 2009 NGC Census Reports show the same population.



Tuesday, March 21, 2017

Binion Collection – 1882-O/S Morgan Silver Dollar, VAM-5 Top 100, AU50


Binion Collection – 1882-O/S Morgan Silver Dollar, VAM-5 Top 100, AU50

 
Binion Collection Population - 70 Silver Dollars.

Binion Collection - There were only 345 Binion 1882 O/S type silver dollars graded. Only 70 of those were classified as VAM-5 coins. Shown here is one of the "Top 100 coin, VAM-5" examples graded AU50 by NGC. Source: Both the 2014 and 2009 NGC Census Reports show the same population.




Monday, March 20, 2017

Binion Collection – 1882-O/S Morgan Silver Dollar, VAM-4 Top 100, AU55


Binion Collection – 1882-O/S Morgan Silver Dollar, VAM-4 Top 100, AU55
 
Binion Collection Population - 107 Silver Dollars.

Binion Collection - There were only 345 Binion 1882 O/S type silver dollars graded and authenticated. Of those, only 107 were classified as VAM-4 coins. Shown here is one of the "Top 100 coin, VAM-4" examples that has been graded AU55 by NGC. Source: Both the 2014 and 2009 NGC Census Reports show the same population.




Sunday, March 19, 2017

Binion Collection – 1882-O/S Morgan Silver Dollar, VAM-3 Top 100, AU55


Binion Collection – 1882-O/S Morgan Silver Dollar, VAM-3 Top 100, AU55

Binion Collection Population - 168 Silver Dollars.

Binion Collection - There were only 345 Binion 1882 O/S type silver dollars graded and authenticated. Of those, only 168 were classified as VAM-3 coins. Shown here is one of the "Top 100 coin, VAM-3" examples that has been graded AU55 by NGC. Source: Both the 2014 and 2009 NGC Census Reports show the same population.