0:31
it really is unusual for NGC in this day
0:34
and age to find an accumulation of 13
0:38
bags of solar dollars it's one of those
0:41
things that comes along maybe once every
0:44
other year but this size is
0:46
extraordinary when people call me about
0:49
something like that it's it's it's super
0:52
exciting because it's to know that
0:53
there's something still out there
0:55
because I mean people have been buying
0:57
and selling silver dollars for you know
0:58
decades and the fact that there are
1:00
still ten or twenty fifteen thousand
1:01
coins in a original collection is pretty
1:04
exciting and for me it's it's an
1:06
opportunity to handle something that
1:08
most people have rarely ever had chance
1:10
to even see I think what's interesting
1:12
is that when coins are removed from
1:14
original bags like this the originality
1:17
is the key factor you get to really see
1:21
the luster is for these types of coins
1:24
the contact marks that they may have but
1:26
the originality is the is the main
1:28
factor you learn about the strikes of
1:30
the issue as well so in this particular
1:33
group of coins you have new
1:35
orleans-based pieces so you get to see
1:37
pieces that are extremely well struck
1:39
and then also those that are that are of
1:41
a more average strike in the quality of
1:43
the coin so you see the whole range of
1:45
things with with bags like this
1:51
it's always exciting to see a coin that
1:53
has original toning come right out of a
1:56
bag you know then that it was laying
1:57
against the canvas of the bag and all
2:00
those years of just being inside there
2:03
developed that that beautiful color that
2:05
you will see it is very rare to find
2:10
large quantities of Morgan Silver
2:12
Dollars in especially bags that have
2:14
been sealed most silver dollars enter
2:16
the marketplace over the you know
2:18
decades ago and if you find even a few
2:21
rolls of Morgan Dollars original that's
2:23
you know that's a that's considered a
2:25
victory so to find the 13,000 Morgan
2:28
Silver Dollars that are from the US
2:30
Treasury hoards still unopened is really
2:33
an incredible opportunity NGC has been
2:36
around for over 30 years and has graded
2:38
millions of silver dollars it is it is a
2:41
staple numismatic item amongst creating
2:44
services so we have a vast experience
2:47
looking at Morgan Dollars and most
2:50
excitedly when they come from original
2:52
bags the name of the hoard is a great
2:56
Southern Treasury hoard and the reason
2:58
we call it that is because the coins
3:00
were all minted in New Orleans and the
3:02
first of these coins are dated 1881
3:05
through about 1885 the first silver
3:07
dollars made in New Orleans were in 1879
3:10
it's always exciting for us as a grading
3:13
service especially in this day and age
3:15
where we so rarely see large quantities
3:19
of silver dollars come in original
3:20
condition and original bags it's very
3:23
exciting for us to to have the
3:25
opportunity to look at 13 bags of
3:28
original Morgan Silver Dollars Americans
3:33
today may not realize it but before 1964
3:36
Americans circulated hard money in the
3:38
form of silver coins this family
3:41
purchased 13 bags of Morgan Dollars for
3:44
about 16 thousand nine hundred dollars
3:46
in 1963 the retail to value of the coins
3:49
today is about a million dollars pretty
3:54
I think the most important thing that we
3:56
can learn as an investment is when we
3:58
see coins coming out of fresh original
3:59
bags is what the original luster looked
4:02
like from the day they went into those
4:04
bags so here we're seeing untampered
4:06
coins in their most pristine condition
4:09
we're seeing the original luster we're
4:11
seeing the way they were struck how they
4:13
were made and we're seeing them exactly
4:14
as they were a hundred and forty years
4:17
ago well my business model is based on
4:31
being available when people find
4:33
incredible deals or collections or
4:36
individual coins and they need help and
4:38
liquidating them and I'm always waiting
4:41
for that next phone call I I tell people
4:43
like every day is like an Antiques
5:07
well I count myself lucky to have been
5:10
involved in two of them in the last
5:12
my guess is we'll probably another ten
5:14
years before I hear about another one
