Monday, January 30, 2017

Binion Collection - 1878 8TF Morgan Silver Dollar VAM-7


Binion Collection - 1878 8TF Morgan Silver Dollar VAM-7
Binion Collection Population - 32 Silver Dollars.

Binion Collection – Rare – There were only 32 Binion 1878 VAM-7 Morgan silver dollars authenticated and graded by NGC. While this coin has what appears to be a grease spot on the face, it is still a sought after item for the Binion collector due to the rarity of the VAM variety. The reverse has excellent white/silver eye appeal.
 
The population statistics for this coin are similar to the preceding VAM-6 variety.  The 2014 NGC Statistics show there are now 32 Morgan silver dollars authenticated and “hard” graded as the VMA-7 variety while the NGC 2009 Census Report identified 34 coins.  Directionally, both population reports support the rare classification.


Saturday, January 28, 2017

Binion Collection - 1878 8TF Morgan Silver Dollar VAM-6


Binion Collection - 1878 8TF Morgan Silver Dollar VAM-6

Binion Collection Population - 86 Silver Dollars.

Binion Collection - Rare – This 1878 8TF, VAM-6 variety, Binion Morgan silver dollar has excellent eye appearance with typical, minor bag marks appearing on the cheek of Lady Liberty. The reverse is primarily smooth and silvery. With a population of 86 Binion’s in this VAM, it is one of the more difficult varieties to locate.
 
The population statistics for this coin are a bit odd in that they move in the opposite direction than would be expected.  The 2014 NGC Statistics show there are now 86 Morgan silver dollars authenticated and “hard” graded as the VMA-6 variety while the NGC 2009 Census Report identified 96 coins. 



Sunday, January 22, 2017

Binion Collection - 1878 8TF Morgan Silver Dollar


The Binion Silver Dollar Collection - 1878 8TF Morgan Silver Dollar

Binion Collection Population - 441 Silver Dollars.

Binion Collection - Rare - Only 441 Binion Morgan silver dollars dated 1878 with 8TF have been authenticated and graded by NGC (does not include VAM varieties and “Proof-Like” coins). This coin has a bright silvery appearance almost reaching the blast white plateau but has clatter marks on the obverse (especially around the cheek). The reverse also contains some clatter marks and toning has started at the bottom over "DOLLAR". This coin is graded by NGC as MS62.

 The population statistics are interesting in that the 2014 NGC Statistics show 441 coins graded and authenticated as non-variety 8TF Morgan’s while the NGC October 2009 report shows a census of 428 coins.  The 13-coin difference is insignificant over-all but does support the statement that some Binion’s are being returned to NGC for re-grading.   It would not surprise me if this coin fit in that classification because it is housed in a newer NGC variety holder that was not available when the hoard was first graded.
 

 

Saturday, January 21, 2017

Binion Collection - 1878 7TF Morgan Silver Dollar VAM-199.1



The Binion Silver Dollar Collection - 1878 7TF Morgan Silver Dollar VAM-199.1

 
Binion Collection Population - 2 Silver Dollars.

Binion Collection – Extremely Rare – Here is another rare 1878 7TF variety from the Binion Hoard. As of June 2010, NGC has only authenticated 19 VAM-198 coins (VAM-199.1 and VAM-198 are the same) in the entire population of 10,500,000 Morgan silver dollars of that year. Of the 19 authenticated, 2 were from the Binion Hoard (January 2014 Population report – consistent with October 2009 NGC Census Report). Shown here is 1 of the 2 VAM-199.1 varieties from the Binion Hoard graded and authenticated by NGC.




Friday, January 20, 2017

Binion Collection - 1878 7TF Morgan Silver Dollar VAM-188


The Binion Silver Dollar Collection - 1878 7TF Morgan Silver Dollar VAM-188
 
Binion Collection Population - 1 Silver Dollar.

Binion Collection – Extremely Rare (Unique) – It is safe to say that this is the rarest of the rare when it comes to both Binion Collection coins and Morgan silver dollars in general. First, regarding the VAM variety, NGC has only graded two Morgan silver dollars as VAM-188 in the entire population of 1878 7TF Morgan silver dollars. Of the 2 graded, only 1 was from the Binion Hoard. Second, NGC has only authenticated 11 Morgan silver dollars from the Binion Hoard as having 7TF. Source: NGC Census Report 2009. For comparison, the 2014 report shows 12 Binion Morgan silver dollars with 7TF.