Monday, May 8, 2017

Binion Collection – 1887 Morgan Silver Dollar, MS63 PL (Proof Like)



Binion Collection – 1887 Morgan Silver Dollar, MS63 PL (Proof Like)

Binion Collection Population - 136 Silver Dollars

Binion Collection – The 1887 Binion Morgan silver dollar in PL (Proof Like) condition is a popular variety with 136 coins graded and authenticated as PL. Both the NGC January 2014 Statistics and the NGC October 2009 Census Report are consistent with this population. Both the obverse and reverse display a mirror like reflection much better that the photo’s show.




Sunday, April 16, 2017

Binion Collection – 1886-O Morgan Silver Dollar, VAM-1A


Binion Collection – 1886-O Morgan Silver Dollar, VAM-1A
 
Binion Collection Population - 4 Silver Dollars

Binion Collection – Extremely Rare – Only 4, 1886-O Binion Morgan silver dollars were authenticated and graded by NGC. All 4 were of the VAM-1A variety and graded as VF.  Shown here are 2 of the 4 – or again, 50% of the 1886-O Binion VAM-1A population. Source: The NGC Census Report (January 2014 and October 2009).






Tuesday, April 11, 2017

Binion Collection – 1886 Morgan Silver Dollar, VAM-1C


Binion Collection – 1886 Morgan Silver Dollar, VAM-1C

Binion Collection Population - 4 Silver Dollars

Binion Collection – Very rare – This is another very rare variety with only 4, Binion 1886 VAM-1C, "3+2" Clash Morgan dollars authenticated and graded by NGC according to the 2014 Population Report. The NGC 2009 statistics do not show any 1886 of this type variety and again support the theory of the decrease in non-variety coins being offset by the increase in VAM populations.
 
Three of the silver dollars were graded as MS64 and the remaining one received the highest grade of the group with an MS66 designation. Shown here are 2 of the 4 known/identified coins to date or 50% of the total population.  The MS66 1886 VAM-1C, "3+2" Clash shown is the highest grade known to date.






Monday, April 10, 2017

Binion Collection – 1886 Morgan Silver Dollar, VAM-1A


Binion Collection – 1886 Morgan Silver Dollar, VAM-1A
 
Binion Collection Population - 15 Silver Dollars

Binion Collection – Very rare – The NGC 2014 census statistics show a population of only 15 Binion 1886 VAM-1A Morgan dollars authenticated and graded by NGC (the 2009 report shows a population of 12 coins).  This supports the theory on the decrease in non-variety coins and increase in VAM populations.



Sunday, April 9, 2017

Binion Collection – 1886 Morgan Silver Dollar


Binion Collection – 1886 Morgan Silver Dollar

Binion Collection Population - 2,538 Silver Dollars

Binion Collection – Population statistics for this date/mintmark are interesting in that the 2009 census statistics report 2,548 coins while the 2014 census statistics report 2,538 coins (excluding VAM varieties).  Generally, one would not expect a decrease in the population; however, in this case the decrease may be the reflection of the increase in the number of 1886 VAM coins that have been identified Year 2014 over Year 2009.  VAM coins will be covered in subsequent listings.
 
While this date/mintmark is not rare, it is also not common and generally brings a slight premium price in auction. The 1886 Binion displayed here has been graded as MS65 by NGC with partial toning on the obverse of the coin while the reverse has an attractive silver brilliance.



Wednesday, April 5, 2017

Binion Collection – 1885-O Morgan Silver Dollar


Binion Collection – 1885-O Morgan Silver Dollar
 

 

 
Binion Collection Population - 4,496 Silver Dollars

Binion Collection - This date/mintmark coin is one of the more common coins found in the Binion Hoard with the 2014 NGC Population statistics listing 4,496 silver dollars receiving hard grades. This 1885-O Binion Morgan silver dollar has been graded as MS63 and displays above average eye appeal for a coin from this Hoard.

Tuesday, April 4, 2017

Binion Collection – 1885 Morgan Silver Dollar


Binion Collection – 1885 Morgan Silver Dollar







 

Binion Collection Population - 1,935 Silver Dollars

 
Binion Collection – There were 1,935 Binion Morgan silver dollars graded and authenticated that were dated 1885 and from the Philadelphia Mint. This population makes this coin a little more difficult to find by the Binion collector, but not rare.  Source: The NGC Census Report (2014 & 2009).

Monday, April 3, 2017

Binion Collection – 1884-S Morgan Silver Dollar


Binion Collection – 1884-S Morgan Silver Dollar 



 
Binion Collection Population - Not Available for Coins only Authenticated

Binion Collection – Neither the NGC 2009 Census Report nor the NGC 2014 population statistics list any 1884-S Morgan silver dollar from the Binion hoard as graded and authenticated.  The coin shown here has only been authenticated (not graded) by NGC and is seldom seen in the market place. 

Thursday, March 30, 2017

Binion Collection – 1884-O Morgan Silver Dollar, MS65


Binion Collection – 1884-O Morgan Silver Dollar, MS65 
 

 

 
Binion Collection Population - 4,490 Silver Dollars.

Binion Collection – The 1884-O Binion Morgan silver dollar is one of the more abundant date/mintmark coins available in this collection with 4,490 graded and authenticated. The example shown here has been graded as MS65 placing it in the higher end of the uncirculated grading spectrum. The obverse is a typical MS65 with pleasant eye appearance and minimum bag marks. The reverse displays a colorful gold toning heavier is some parts.  (Population source: NGC 2014 statistics.)

Wednesday, March 29, 2017

Binion Collection – 1884 Morgan Silver Dollar, Brilliant Uncirculated


Binion Collection – 1884 Morgan Silver Dollar, Brilliant Uncirculated
 
 


 

 

Binion Collection Population - Not Available for "Soft" Graded Coins.

Binion Collection - Very Rare – There were only 3, 1884 Binion Morgan silver dollars authenticated and graded. This silver dollar only received a "soft" grade of Brilliant Uncirculated so is not included in the population count but still is a valued coin for the Binion collector to have in the collection. Source: The NGC Census Report (2014 & 2009).

Monday, March 27, 2017

Binion Collection – 1883-O Morgan Silver Dollar


Binion Collection – 1883-O Morgan Silver Dollar
 
Binion Collection Population - 3,225 Silver Dollars.

Binion Collection - This coin has excellent eye appeal and is solid white which is unusual for coins from this hoard due to the rough handling and less than desirable storage they received under Binion ownership. This is one of the most common Binion Morgan dollars graded and authenticated by NGC.  The 2014 NGC statistics show a population of 3,225 coins while the NGC Census Report 2009 showing a population of 3,108 silver dollars.




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.



Saturday, March 18, 2017

Binion Collection – 1882-O Morgan Silver Dollar, MS63


Binion Collection – 1882-O Morgan Silver Dollar, MS63
 
Binion Collection Population - 16 Silver Dollars.

Binion Collection – Very Rare - The NGC 2014 population report for the 1882-O Binion Morgan silver dollar shows only 16 were graded and authenticated. Of the 16 graded/authenticated, only three were graded as MS63 and only 2 with a higher grade. With such a low population, this coin is very rare and in high demand for the Binion Collector.




Friday, March 17, 2017

Binion Collection – 1882 Morgan Silver Dollar, BU


Binion Collection – 1882 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 Binion Morgan silver dollars receiving hard grades. This coin has received the soft grade of Brilliant Uncirculated by NGC so is not included in published population reports. Both the 2014 and 2009 NGC population statistics are equal.




Tuesday, March 14, 2017

Binion Collection – 1881-S Morgan Silver Dollar, MS63


Binion Collection – 1881-S Morgan Silver Dollar, MS63
 
Binion Collection Population - 1,142 Silver Dollars.

Binion Collection – There were 1,142 Binion 1881-S Morgan silver dollars authenticated and graded. Of those, 482 were graded MS63 making the series neither rare nor common, but a little more on the difficult side to find. This example is pure white and has excellent eye appeal.  (Source:  NGC 2014 Population Statistics for the Binion Hoard.)




Sunday, March 12, 2017

Binion Collection – 1881-O Morgan Silver Dollar, BU


Binion Collection – 1881-O Morgan Silver Dollar, BU
 
Binion Collection Population - Not Available for "Soft" Graded Coins.  

Binion Collection – Both the 2014 and 2009 NGC Census Report show 2, 1881-O Binion Morgan Dollars as receiving “hard” grades and authenticated. This coin received a soft grade of Brilliant Uncirculated so population statistics are not available; however, it is still highly desirable by the Binion collector and demands a market premium. The obverse of the coin has an even golden tint while the reverse has a blazing white brilliance.