The Binion 1888 VAM-16A variety Morgan silver dollar has two characteristics that make it an interesting addition to a Binion silver dollar collection.
TOTAL NGC GRADED/AUTHENTICATED POPULATION FOR 1888, VAM-16A:
As of the writing of this article, NGC has only authenticated four (4) MS66 silver dollars in the entire population of over 19 million minted 1888 silver dollars as VAM-16A. No coin with a grade higher than MS66 has been graded/authenticated as a VAM-16A by NGC. This is a “Hot Top-50” VAM variety. (Source: NGC Census on March 24, 2016.)
1888 MORGAN, VAM-16A VARIETIES IN BINION HOARD:
The October 2009 NGC Census report showed zero coins had been identified with the VAM-16A variety from the Binion Hoard. However, the January 2014 NGC Census report showed the population as 1 coin and it was graded as an MS65. This is a good example of how observant collectors are finding and returning rare VAM’s within the Binion Hoard for reclassification. Further, the example here is an MS66 and would push the population count to 2 silver dollars in the Binion collection with a VAM-16A variety designation. This coin was an excellent find by an observant Binion collector. As would be expected and as further support as a new discovery, this coin is encased in a new variety NGC slab as compared to the older traditional slabs used when the Binion hoard was originally authenticated/graded.