Avid coin enthusiasts will undoubtedly be familiar with the euphoria of stumbling upon a rare piece. This feeling, however, pales in comparison to the exhilarating sensation of unearthing an entire coin hoard. These hoards narrate captivating stories of bygone eras, encapsulating fortunes and monetary relics carefully preserved through time. This article explores the most renowned coin hoard discoveries globally, including the largest coin hoard ever found in the US, focusing on:

• The practice, history, and regulations of coin hoarding.
• Famous ancient and modern hoards worldwide.
• Sourcing hoarded coins for your collection.

If you’re captivated by the allure of lost and found coin hoards and treasures, don’t miss this fascinating video:

Coin hoarding

What is a coin hoard?

The term “hoarding” originated in archaeology, describing the intentional act of accumulating and burying valuable items – a practice aimed at safeguarding or concealing wealth for various reasons. In a numismatic context, a coin hoard mirrors this archaeological concept, signifying a substantial collection of coins intentionally gathered and, at times, concealed for reasons such as preserving value, avoiding economic instability, or responding to societal upheavals.

In contrast to organized collections meticulously curated by numismatists, coin hoards are amassed without a deliberate effort to curate or complete sets. The key distinction lies in intent: collectors carefully assemble sets for historical, legacy, or aesthetic purposes, while hoarders accumulate coins without a specific strategy. The defining characteristic of a coin hoard is the absence of a structured goal, distinguishing it from traditional coin collections.

Nevertheless, determining what constitutes a coin hoard isn’t rigidly defined. Size alone doesn’t categorize a collection as a hoard, with their scope varying widely. Some hoards consist of only a few dozen coins, while others number in the thousands, reflecting their diverse nature which defies a one-size-fits-all definition. Historical context, the intent behind accumulation, and the scarcity of the coins involved are some other factors that contribute to defining whether a collection qualifies as a coin hoard.

Hoard coin discoveries can occur in different ways, such as the original hoarder returning or unearthing by metal detectorists, archaeologists, or other members of the public.

Is it illegal to hoard coins?

In the United States, hoarding coins is not illegal and there is no coin hoarding law per se. However, the legal landscape governing this practice is intricate, varying across jurisdictions and contingent upon the collector’s intent.

Put simply, there exists a legal distinction between coin collecting and hoarding. Accumulating coins for the sake of a hobby or wealth-building is lawful, yet doing so with the aim of defrauding or manipulating currency transgresses legal boundaries.

Enthusiastic coin collectors, motivated by the joy of completing sets, differ from hoarders who amass coins without the intention of creating numismatic collections. The absence of a precise legal definition for hoarding introduces challenges, fostering diverse interpretations. Therefore, collectors should stay current with the legal framework to navigate the delicate balance between individual rights and legal considerations as far as coin possession is concerned.

It’s also essential to note that regulations regarding the possession of large coin quantities vary between countries. For instance, the anti coin hoarding law Philippines proposed seems to be having a significant impact on nations globally and sparking numerous discussions.

Document by the Senate of the Philippines

To delve deeper into the historical limitations on Americans owning gold, read about FDR’s Executive Order, essentially an early version of an anti-coin hoarding bill.

Ancient coin hoards

Ancient coin hoards offer glimpses into the past, revealing stories of ancient economies and cultures.

Greek coin hoards

The birth of coinage, a pivotal development in the history of currency, is often attributed to ancient Greece. While the first standardized coins are generally credited to the ancient Lydians in present-day Turkey around 640 BC, Greece, as a country of immense historical importance and a hub of significant archaeological activity, has been a treasure trove for hoarding of coins discoveries. These discoveries shed light on important aspects of ancient economic systems, trade networks, and cultural practices, providing invaluable insights into the intricate tapestry of the country’s past.

Ancient Greek coin hoard findings continue to emerge even to this day, with one of the most significant ones occurring in 2021. Archaeologists, during the third season of the Phanagoria expedition by the Institute of Archaeology of the Russian Academy of Sciences, unearthed 80 copper staters dating back to the sixth century. This latest inventory of Greek coin hoards, found stashed inside an amphora, is believed to be linked to a series of Hun or Turk assaults that wrought destruction upon major sections of the city.

Ancient Greek coin

Coin hoards of the Roman Empire

The Roman Empire, an unparalleled juggernaut in the annals of human history, held sway over vast territories and diverse cultures, leaving an indelible mark on the evolution of Western civilization. Studying Roman coin hoards reveals details about trade networks, inflation responses, tax systems, and coin circulation in this colossal empire.

One notable discovery is the Frome Hoard, found in Somerset, England, in 2010. Comprising over 52,000 Roman coins, this spectacular Roman coin hoard dating back to the third century stands as one of the largest and most diverse Roman hoards ever unearthed in Britain. The Frome Hoard includes issues featuring notable emperors such as Carausius, Diocletian, Maximian, and Allectus, illuminating the turbulent times marked by political transitions during that time.

Uncover fascinating stories about Roman coins hoard discoveries and more here.

Anglo-Saxon coin hoards

Anglo-Saxon coin hoards serve as windows into the historical landscapes of early medieval England, preserving tales of kingdoms, trade, and societal changes.

Jersey Coin Hoard

The Jersey Coin Hoard, considered one of the most famous Anglo-Saxon coin hoards, is distinguished by its unique blend of Celtic, Anglo-Saxon, and hoard of Roman coins found. This extraordinary collection provides valuable insights into the complex historical interactions between these cultures.

Discovered in 2012 by metal detectorists Reg Mead and Richard Miles on the island of Jersey, the Jersey Celtic Coin Hoard is a remarkable archaeological find. Buried over 2,000 years ago, it consists of an estimated 70,000 to 80,000 coins, predominantly made of silver and gold.

This substantial collection is believed to date back to the 1st century BC, providing a unique glimpse into the late Iron Age and the period of Roman influence in the region. The coins bear intricate designs and symbols, including depictions of stylized horses and other Celtic motifs.

The Jersey Coin Hoard. Photo by Wikipedia

American coin treasures and hoards

American coin hoards, spanning from colonial times to the modern era, illuminate the economic and cultural transformations that have shaped the United States.

Kentucky Coin Hoard

The Great Kentucky Coin Hoard, discovered in 2023 by an anonymous individual in a Kentucky cornfield, is a staggering find of over 800 gold coins dating back to the Civil War era. The discovery, estimated to be worth millions, includes $1 gold Indian coins, $10 gold Liberty coins, and, notably, eighteen 1863-P $20 Gold Liberty coins, a super-rare date with significant value.

The NGC suggests that the coins may have been buried due to Kentucky’s declaration of neutrality during the Civil War, reflecting the state’s internal conflicts.

To procure a rare coin similar to those included in the gold coin hoard found in Kentucky, have a look at this piece:

1901-S $10 Liberty CAC MS65

• Metal: Gold
• Year: 1901

• Check our most current price here.

Baltimore Gold Hoard

The Baltimore Gold Coin Hoard refers to two coin hoards discovered in 1934 and 1935 by teenagers Theodore Jones and Henry Grob while digging in a cellar. Amazingly, these impressive collections of over 3,500 gold coins were unearthed in the same location, one year apart, adding to the intrigue of this historical find.

The hoard of coins ranged from $1 to $20 denominations, dating back to the 1830s – 1850s. Adhering to the 1933 U.S. Gold Act, when the boys found the coins the first time, they turned them over to the government due to private gold ownership being illegal. The second time, however, they gave the coins to their mothers, sparking a legal dispute. Ultimately, the boys were awarded $7,000 each in 1937.

Capture the essence of this legendary discovery with this rare coin:

1853 $20 Liberty PCGS XF45 CAC

• Metal: Gold
• Year: 1853

• Get our most current price here.

Nevada Coin Hoard

One of the most famous coin hoards ever discovered in Nevada was the Redfield Hoard, amassed by financier LaVere Redfield, found at his home after his passing in 1974. A truly iconic collection comprising over 407,000 silver Morgan and Peace dollars, which posthumously earned Redfield the nickname “Silver Dollar King”, the hoard exemplifies Redfield’s unique approach to wealth preservation. The multimillionaire was notorious for avoiding banks due to distrust in paper money and instead hoarding coins, choosing to hide significant portions of his fortune in unconventional places.

The hoard, sold to a large precious metals company for $7.3 million in 1976, showcases Redfield’s decades-long dedication to silver dollars, like the following one, making it a pivotal chapter in numismatic history:

1878 7 Tail Feathers Rev 1878 Morgan $1 PCGS MS64

• Metal: Silver
• Year: 1878

• View our most current price here.

Saddle Ridge hoard coins

Discovered in 2013, the Saddle Ridge Gold Coin Hoard in California stands as the largest known buried coin discovery in the United States to date. Anonymous discoverers, a couple simply known as Mary and John for privacy reasons, stumbled upon this treasure while walking their dog on their property in the Sierra Madre Mountains. Comprising 1,411 coins dating from 1847 to 1894, with most originating from the San Francisco Mint, the hoard was valued at over $10 million.

Enclosed in eight metal cans, the immaculately preserved coins’ origins remain shrouded in mystery, fueling theories involving bank heists, the prudent actions of a wealthy individual distrustful of banks, or even gold miners working nearby stashing coins. The fortunate couple retained ownership of the coins, and eventually made them available for purchase on Amazon, under the listing “Saddle Ridge Hoard coins for sale”.

Embark on a journey through history with this unique coin reminiscent of the Saddle Ridge Hoard discovery:

1840-D $5 Liberty Small Date NGC AU58 CAC

• Metal: Gold
• Year: 1840

• See our most current price here.

New York Subway Coin Hoard

Defying the traditional notion of a coin hoard found buried in the ground, the New York Subway Hoard was meticulously collected over three decades from subway turnstiles by New York City Transit Authority workers. A unique assemblage of 23,000 valuable U.S. coins, it included notable pieces such as 8 1901-S quarters, 45 complete sets of Barber dimes (with the exception of the 1894-S), 241 1916-D dimes, and more.

Acquired by Littleton Coin Co. in the 1990s, this collection represents a captivating chapter in numismatic lore, standing as one of the most unique American coin hoards of all time.

Delve into numismatic history with this captivating coin, echoing the era of the New York Subway Hoard:

1907 Barber Half Dollar PCGS PR65 CAC

• Metal: Silver
• Year: 1907

• Have a look at our most current price here.

Explore Blanchard’s selection of fascinating rarities, extending beyond hoard coins, here.

Where to buy rare coins for your own hoard

From the legendary Saddle Ridge Hoard mystery to the unique collection of the New York Subway Hoard, coin hoards offer glimpses into the past. To unravel the stories behind these extraordinary finds and explore rare pieces, browse through Blanchard’s specially curated collection.

Whether you’re starting your numismatic journey or enhancing your already valuable collection, our team is delighted to assist you and offer expert guidance on coin hoards for sale and more.

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While the United States stands as a pioneer in numismatics, boasting a treasure trove of incredibly diverse rare pieces, the global landscape of rare coin collecting extends far beyond its borders. Venturing into international numismatic territory, this piece aims to provide readers with a most valuable rare Australian coins list and value insights, highlighting:

• Noteworthy high-value Australian coins.
• The historical and cultural nuances of these iconic coins.
• Prime online sources for the best quality rare coins.

Watch this insightful video to delve deeper into the world of valuable Australian coins:

Rare valuable Australian coins below $1

While Australian bullion coins often steal the spotlight in discussions about coin collecting, numismatists might be surprised at rare Australian coins’ values.

Rare Australian coins: half penny

Recognized as Australia’s rarest halfpenny and exemplifying the charm of rare old Australian coins, the 1923 halfpenny holds a revered status in Australian numismatics. Made of bronze, the coin’s obverse, designed by Bertram Mackennal, features the effigy of King George V, surrounded by the inscription “GEORGIVS V D.G. BRITT: OMN: REX F.D. IND: IMP:” denoting his titles. On the reverse, it bears the legend “COMMONWEALTH OF AUSTRALIA”, accompanied by the denomination “HALF PENNY” and the year of issue.

The elite numismatic status of the 1923 halfpenny stems from its limited mintage of approximately 15,000, making it one of the best rare Australian coins to look out for. A notable historical mix-up initially attributed the coin to the Sydney Mint due to an error in their Annual Report, which wrongly recorded the striking of 1,113,600 halfpennies in 1923. This led to the misconception that the 1923 Halfpenny was a common coin.

However, meticulous research by curator John Sharples, conducted decades later, clarified that the coin was actually struck at the Melbourne Mint. Sharples’ thorough analysis revealed that the 1,113,600 halfpennies produced at the Sydney Mint were dated 1922, not 1923. This correction solidifies the 1923 halfpenny as Australia’s rarest circulating halfpenny, adding an intriguing layer to its historical narrative.

1923 Halfpenny

• Metal: Bronze
• Year: 1923

Photo by PCGS

Rare Australian 1 cent coins

The 1968 one cent coin is a rare Australian coin that marks a significant chapter in the nation’s numismatic evolution, symbolizing Australia’s transition to a decimal currency system initiated on February 14, 1966. Before this, Australia used a pounds, shillings, and pence system inherited from its British colonial past. The intricate calculations required for everyday transactions were often cumbersome, leading to the decision to adopt a simplified decimal system that would align the nation’s currency with global standards.

Crafted by Stuart Devlin, this coin is a remarkable piece with a diameter of 17.65 millimeters and a weight of 2.6 grams. Showcasing a feathertail glider, an iconic marsupial, on the reverse and Queen Elizabeth II’s effigy sculpted by Arnold Machin on the obverse, it is renowned for having the lowest mintage in its series.

Adding to its exceptional rarity is the absence of a 1968 mint set release by the Royal Australian Mint, making it one of the most challenging dates to acquire, especially in uncirculated condition. Collectors often seek out this coin as part of their pursuit of rare Australian coins worth money.

Photo by Drake Sterling

Rare Australian 2 cent coins

The Australian two-cent coin, introduced with the Currency Act 1965, holds a distinctive place in the nation’s coinage. Unlike other denominations, the two cents didn’t directly replace a pre-decimal coin but rather represented a rounded equivalent to 2.4 pence. Notably, the halfpenny, penny, and threepence had no direct equivalent in the new system, setting the two cents apart.

While two-cent coins were minted from 1966 to 1991, the 1981 “NO SD” edition stands out as an exceptional Australian rare coin. A striking piece in copper-nickel, created during a period known for its distinctive coin designs, it features a frilled-neck lizard, an emblematic representation of Australia’s rich biodiversity, on the reverse, designed by Stuart Devlin.

However, despite the coin’s design typically featuring the designer’s initials, “SD,” positioned behind the lizard’s front feet, some issues from 1981 notably lack this distinctive element. Mysteriously echoing anomalies observed in coins from 1968 and 1967, this intriguing deviation contributes to the coin’s allure, raising questions among collectors seeking rare expensive Australian coins about the intricacies of the minting process during that specific period.

1981 2 Cent NO SD

• Metal: Copper

• Year: 1981

Photo by PCGS

Valuable rare Australian 5 cent coins

From its introduction with decimalization in 1966, replacing the pre-decimal sixpence while maintaining its size and mass, the five-cent coin has endured, today holding the status as the smallest denomination in Australian currency. One of the years that stands out the most in the coin’s long history, however, is 1972, a time when rare Australian coins’ value became particularly notable.

Crafted from nickel, this coin bears an echidna design on the reverse – a hallmark of Australian currency. On the obverse, it showcases Queen Elizabeth II’s effigy, known as the “Second Portrait.”

Though its design is beautiful and considered classic, what sets the 1972 edition apart from other rare 5c Australian coins is its low mintage and historical context. The year 1972 marked a pivotal moment in Australian coinage, due to a shift that occurred in the composition of the coin, transitioning from 75% copper and 25% nickel to pure nickel. Collectors cherish the 1972 edition for its connection to this transition and the evolving nature of Australian currency.

 

Rare Australian 10 cent coins list

Since its introduction in 1966, the Australian 10-cent coin has generally been characterized by uniformity in design and composition. Its exquisite design featuring the intricate impression of a lyrebird sculpted by Stuart Devlin has endured, remaining a constant source of aesthetic appeal and capturing the essence of Australia’s wildlife throughout the years. For this reason, some collectors might say that rare 10c Australian coins do not offer a particularly lucrative avenue for exploration.

Nevertheless, this notion may not hold entirely true, as certain 10-cent coins, particularly the 2011 issue, deviate from the norm. With an exceptionally low mintage of 1.7 million, the 2011 10-cent coin stands out as a key date for collectors, especially considering its scarcity compared to the average mintage of 45.80 million coins per year for the denomination. Speculation abounds regarding the reasons behind this unusually low mintage, with some enthusiasts suggesting a limited production run or a deliberate effort to create Australian rare coins worth money.

 

Valuable rare Australian 20 cent coins list

Since its inception, the Australian 20 cent coin has played a significant role as a staple denomination in daily transactions across the country. Among its diverse releases, the 1966 coin carries special importance, signifying the inaugural year of decimalization.

Despite a substantial mintage of 58.2 million, the 1966 20 cent coin is relatively widespread in circulation. However, within this release lies a rare and distinctive variant – the 1966 wavy baseline 20 cent coin, distinguished as one of Australia’s rarest decimal coins issued for circulation, commanding noteworthy value in the domain of Australian rare coin values.

Characterized by a subtle yet discernible wave in the baseline of the “2” on the reverse side, this variant sets itself apart from the standard 20 cent coins of the same year. The wavy baseline anomaly, while seemingly minor, has significant implications for collectors, especially those seeking rare Australian 20c coins. It adds a layer of uniqueness to the coin, making it a sought-after rarity in numismatic circles.

The cause of this design difference remains a topic of debate among experts, adding an element of mystery to the coin’s origin story. The scarcity of well-preserved specimens further elevates the 1966 wavy baseline 20 cent coin’s status as a prized collectible, offering enthusiasts a fascinating glimpse into Australia’s numismatic history and the intriguing anomalies that occasionally emerge within it.

1966 20 Cent Wavy “2”

• Metal: Copper Nickel

• Year: 1966

Photo by PCGS

To learn more about this special piece, consult this article’s “Rare Australian coins to look out for” section.

Most wanted valuable rare Australian 50 cent coins

In 1977, the Royal Australian Mint marked the 25th anniversary of Queen Elizabeth II’s accession with a distinctive circulating 50 cent coin. This coin, produced in the millions as part of the silver jubilee celebration, featured a unique design showcasing the Australia coat of arms.

While the sheer quantity may not initially suggest rarity, the narrative takes an intriguing turn with the unanticipated discovery of a limited number of 1977 50 cent coins bearing the non-commemorative Australia coat of arms design from preceding and subsequent years. This unintentional creation, identified as a “mule”, i.e. a coin that is struck with mismatched dies resulting in a combination of obverse and reverse designs that were not originally intended to be paired together, introduces a captivating dimension to the numismatic story of this rare Australian 50 cent coin. Notably, this specific coin, considered a mint error with fewer than 10 known examples, stands as a prized discovery for collectors.

1977 50 Cent Mule

• Metal: Copper Nickel

• Year: 1977

Photo by PCGS

Rare Australian dollar coins

Rare Australian $1 dollar coins list

Introduced in 1984 to replace the $1 note, the Australian $1 coin has become a staple in the country’s currency. Among its various releases over the years, though, some stand out and regularly feature in pieces compiling a list of rare Australian coins. A 2005 $1 coin error coin is a case in point.

The 2005 Australian $1 coin, a part of the revered “Mob of Roos” series, has garnered significant attention due to a distinctive error, transforming it into a highly sought-after collectible. Among the 5.1 million coins minted that year, only a few exhibit a striking off-center design, caused by a misalignment during production. This error, resulting in a rare Australian 1 dollar coin with about 10% or 2-3mm off-center placement, has left a portion of the design truncated, creating a visually captivating variety.

Photo by Finance.Yahoo

Rare $2 Australian coins

The Australian two-dollar coin, introduced in 1988, has undergone various transformations over the years, becoming an integral part of the nation’s currency. In recent years, limited edition rare Australian 2 dollar coins have garnered widespread popularity, reflecting the growing interest in numismatics.

A great illustration of this point is the 2012 Remembrance Day Red Poppy $2 Coin. Issued in two versions – one without a mintmark and the other featuring a ‘C’ mintmark – it holds a special place in collectors’ hearts with its low mintage of just 500,000 units.

Furthermore, the poignant symbolism of the red poppy, a powerful reminder of the sacrifices made by servicemen and women, means this rare $2 Australian coin strongly resonates with both collectors and those appreciative of the historical narratives embedded in currency.

2012-C $2 Remembrance Day Red Poppy

• Metal: Aluminum Bronze

• Year: 2012

Photo by PCGS

Explore a selection of rarities that extends beyond the most rare Australian coins.

Where to find rare Australian coins for sale

The realm of Australian numismatics is a fascinating and diverse tapestry of rare coins spanning various denominations and historical periods. Collectors who embrace these rare coins often discover that not only do these treasures enhance the aesthetic appeal of their collection, but they also add significant historical and intrinsic value.

To embark on or elevate your numismatic journey, use Blanchard. Connect with Blanchard’s team of experts for valuable insights and guidance on rare and valuable Australian coins and more.

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• 1884-S Morgan dollar

• 1889-CC Morgan dollar

• 1893-S Morgan dollar

• 1895 Proof Morgan dollar

• 1903-O Morgan dollar

The Morgan silver dollar set is one of the most collected series of coins ever produced by the U.S. Mint. Yet, for serious collectors finding a key date coin to complete their Morgan dollar set can be an elusive and difficult challenge. Key date coins represent a date or a date and a mintmark in a certain series. Key date coins are typically lower mintage, harder to find and more expensive than other dates in the series.

Morgan dollars are named after its designer, George T. Morgan. Numismatics love its large size, vast supply in many dates and handsome appearance—all which make it an affordable and desirable series to collect.

Key date Morgan silver dollars are the most difficult to attain. However, when a collector does acquire the rarest and most expensive coin in a series, the feeling of accomplishment is indescribable.

The U.S. Mint produced Morgan dollars from 1878 through 1904 and then again in 1921. The Philadelphia, New Orleans, San Francisco, Denver, and Carson City branches all produced Morgan dollars. Looking for the mintmark on a Morgan silver dollar? You can find it for all mints except Philadelphia on the reverse of the silver coins below the ribbon bow of the wreath.

Here are five key dates for Morgan silver dollars. These 90% silver dollars are needed by every collector who seeks to build a complete date and mint mark collection.

1. 1884-S Morgan dollar

 

 

 

 

In 1884, the San Francisco Mint produced 3.2 million Morgan silver dollars. Out of those 3.2 million coins, there are only 20 known survivors. This is a one of the most memorable silver dollars with the S-mint and only the 1893-S would be considered more difficult to find and expensive to own.

2. 1889-CC Morgan dollar

 

 

 

 

Most collectors can only dream of only an 1889-CC Morgan Dollar. In 1889, the Carson City Mint resumed coin production after being shut down for four years. In 1889, the Carson City Mint produced 350,000 Morgan silver dollars. However, most of these coins met their fate in the melting pot, which makes them even rarer than the low mintage would suggest. On the open market, an 1889 CC Silver Dollars in pristine, uncirculated condition could command a selling price as high as $1,200,000.

3. 1893-S Morgan dollar

 

 

 

 

The San Francisco Mint only produced 100,000 Morgan silver dollars in 1893. Today, it is the rarest of all Morgan dollars in mint state, with only 18 survivors estimated in grade 65 or better. However, the 1893-S could still be an attainable coin for determined collectors given the survival rate in all grades at 9,948. This key date is a showpiece and considered the most desirable Morgan ever struck at a branch mint.

4. 1895 Proof Morgan dollar

 

 

 

 

Many collectors consider the 1895 Proof Morgan dollar to be the “King” of the Morgan silver dollar series. The reason this coin is so rare and in such high demand is that not one single business-strike 1895-P Morgan dollar is known to exist. According to Philadelphia Mint records, 12,000 mint state dollars were produced in 1895, however, none of them have ever surfaced. Many believe they were all melted and never even left the Mint. Because there are no known business strikes of the 1895 Morgan dollar, there is huge demand for the proof. Total mintage for the proof stood at 880 in 1895. However, due to the keen interest in owning one, collectors may need to pay tens of thousands of dollars for a specimen in any grade.

5. 1903-O Morgan dollar

 

 

 

 

In 1903, the New Orleans Mint produced a whopping 4.5 million circulation strike Morgan silver dollars. At that time, however, the coins were not needed in circulation, so most of the coins just sat in a vault! Only a few were released to the public. After the 1918 Pittman Act millions of Morgan silver dollars were melted down. In 1929, the few survivors that remained at the New Orleans Mint were shipped in a sealed vault to the Philadelphia Mint, where they were stored until October 1962.

In November 1962, the numismatic community was shocked and surprised by the announcement that a great Treasury hoard of Morgan silver dollars had been found in long-sealed federal vaults! From late 1962 into 1962, dozens of 1903-O Morgan silver dollars were released and sold to the general public. How many? No one knows for sure, but guesses range from 60,000 to over 1 million. Out of all the Morgan dollars, the 1903-O is the most famous of as it sat squarely in the middle of the great 1962-1964 Treasury release of silver dollars.

Get Started on Your Own Collection

Are you interested in starting a Morgan silver dollar collection? Popular collecting approaches include high-grade date sets or complete sets from low to high grade. A Blanchard portfolio manager can discuss other set building options with you as well. Explore our Morgan Dollar inventory here or call Blanchard if there’s a coin you see that you’d like us to help source for you. Get started today!

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For many numismatists, a Morgan silver dollar set is a must-have for their collection—and this is one of the most collected series of coins the U.S. Mint has ever produced.

Within that series, the Morgan silver dollars minted at the legendary Carson City Mint in Nevada are highly sought after. And, there are only 13 coins in the Carson City Morgan dollar series. The exciting news? Building a Carson City Morgan dollar set is an attainable goal for most collectors.

History behind the Carson City Mint

Why are Morgan dollars with the famed “CC” mint mark so desirable? This storied western mint was in operation for a mere 21 years of remarkable Wild West history. Here’s how it all began…

In 1857, a miner named Henry Comstock laid claim to what became known as the Comstock Lode in Nevada. Prospectors struck it rich and earned massive fortunes. Word of the silver discovery spread quickly.

Nearby Carson City, Nevada grew fast as silver soon flowed out of the mine. The town was founded in 1858 and named after the iconic frontiersman: Kit Carson, a trapper, scout and guide. As more and more people flooded to the region, the need for coinage in everyday commerce skyrocketed. Demand for a second Mint in the West was strong.

At that time, Nevada was fairly isolated from the rest of the nation. And transporting raw precious metal to the San Francisco Mint was challenging. Railroads had not yet expanded to Nevada, which meant the only way to deliver gold and silver to San Francisco for processing was on horseback or a mule train. For many, that was a dangerous proposition in the rough and tumble Wild West, due to bandits and robbers on the open road.

So, only six years after Nevada became a state, the historic Carson City Mint began operations in 1870 order to process the huge amount of metal being mined in the area into sorely needed coinage.

Carson City Morgan Dollars

The Carson City Mint began producing Morgan dollars in 1878 and struck the silver dollars each year until 1885. Then, after a three year break, the Carson City Mint restarted production in 1889 and continued producing these coins until the Mint branch closed in 1893. There are a total of 13 issues highlighting the iconic “CC” Mintmark.

We list the Carson City Morgan Dollars below with their mintages.

Description Mintage

1878-CC     2,212,000

1879-CC     756,000

1880-CC     495,000

1881-CC     296,000

1882-CC     1,133,000

1883-CC     1,204,000

1884-CC     1,136,000

1885-CC     228,000

1889-CC     350,000

1890-CC     2,309,041

1891-CC     1,618,000

1892-CC     1,352,000

1893-CC     677,000

Generally speaking, Carson City Morgans were struck at low volumes. In total, the Carson City Mint produced only 13.7 million Morgan silver dollars.

To understand how truly low that number is, compare it to the amount of Morgans struck at the Denver Mint in 1921 alone – a whopping 20.3 million—in just one year!

If you want to build a Carson City Morgan dollar set, it’s worth knowing that the key date is the 1889-CC. The rarity of this coin stems from its incredibly low survivorship rather than its mintage.

Two other issues stand out in terms of mintage: the 1881-CC and 1885-CC, with low mintages of only 296,000 and 228,000 coins, respectively, which are the two lowest struck from Carson City.

The GSA Hoard

For collectors today, it is still possible to locate these coins as a large percentage survived in uncirculated condition through the “GSA Hoard.”

In case you aren’t familiar with this event, during the 1960s, the U.S. Treasury discovered bags of over 2.8 million Morgan Dollars, over 95% of which were minted at Carson City! In 1970, Congress directed the Treasury to transfer the coins to the General Services Administration in order to publicly sell the coins.

The GSA packaged the Carson City Morgan dollars in hard cover holders that said, “CARSON CITY UNCIRCULATED SILVER DOLLAR.” Each coin was sold with a certificate of authenticity that stated:

“This historic coin is a valuable memento of an era in American history when pioneers were challenging the West. The silver in this dollar was mined from the rich Comstock Lode, discovered in the mountains near Carson City, Nevada.”

Today, the surviving examples from the GSA Hoard that are still in their original hard cases are considered the most desirable of all.

George T. Morgan Designed the Beloved Silver Dollar

It’s easy to see why the Morgan dollar is beloved among numismatists. The large, nearly palm-sized heavy silver dollar is a joy to hold in your hand. George T. Morgan, an engraver at the Mint, designed the silver dollar.

The Carson City Morgan dollar features Lady Liberty’s head on the obverse. The reverse displays a stunning eagle. Morgan chose to depict Liberty as an American woman, rather than the typical Greek-style figures, and he used nature studies of the bald eagle to inspire him with his eagle design.

Carson City Morgan silver dollars represent a tantalizing combination of rarity and exciting Wild West history. Are you interested in building a Carson City Morgan silver dollar set? Even if you don’t see coins available for sale on our site, Blanchard has deep reach and connections within the numismatic community and are often able to source even hard to find coins. Give us a call and get started today!

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Throughout history, hidden gems often emerge in the aftermath of significant historical events. A prime example lies in shipwrecks, like the SS Gairsoppa. This ill-fated vessel became a testament to an intriguing chapter for coin and history enthusiasts alike. Investigating the findings following the ship’s sinking, this article explores the iconic SS Gairsoppa silver coins and bars born from the discoveries made, focusing on:

• The SS Gairsoppa’s dramatic history.
• A comprehensive catalog of the ship’s silver findings.
• Where to source salvaged SS Gairsoppa silver.

Watch this incredible video for an in-depth look into the Gairsoppa wreck:

 

 

 

 

 

 

 

 

 

https://www.youtube.com/watch?v=g4vV9I21ib4

A brief history of the S S Gairsoppa shipwreck

The SS Gairsoppa was a British cargo steamship. Commissioned in 1919, it was initially operated by the British India Steam Navigation Company. Its construction, with a gross tonnage of approximately 5,237 tons, reflected the maritime standards of its era. The vessel, with a sleek length of 412 feet and a substantial breadth of 53 feet, embodied both elegance and functionality.

The Gairsoppa began its maritime journey serving as a merchant vessel. For over two decades, it traversed the seas, transporting cargo and passengers between ports, significantly contributing to the global commerce of its time.

As the clouds of World War II gathered, the Gairsoppa found itself conscripted into service under the British Ministry of War Transport. Its role evolved from that of a commercial vessel to a vital cog in the war effort, tasked with transporting essential supplies, including iron ore, from India to Britain.

In February 1941, the SS Gairsoppa set sail from Calcutta, India, as part of a convoy bound for Liverpool, England. Sailing as part of a group of vessels, navigating together for mutual protection, was a common wartime practice to ensure safe passage across the treacherous North Atlantic.

However, misfortune struck when adverse weather conditions forced the Gairsoppa to veer off course, inadvertently separating it from the convoy’s protective shield. Alone and vulnerable, the vessel fell victim to a German U-boat lurking beneath the turbulent waves, the U-101, commanded by Captain Ernst Mengersen. A torpedo fired by the U-boat found its mark, and the Gairsoppa succumbed to the icy depths of the Atlantic, approximately 300 miles southwest of Ireland.

The sinking claimed the lives of the majority of the crew, with only one survivor, Second Officer Richard Ayres, managing to endure the harsh conditions of the open sea and reach the Irish coast after days adrift on a lifeboat. Despite Ayres’ survival, the fate of the Gairsoppa remained shrouded in mystery for decades, lost in the vast expanse of the ocean. It wasn’t until the early 21st century that the ship’s story experienced a resurgence, sparking renewed interest and exploration, particularly in the realm of Gairsoppa salvage, as the wreckage was discovered and efforts were made to recover valuable cargo from the ocean depths.

In 2010, a team led by the American exploration company Odyssey Marine Exploration located the wreckage of the Gairsoppa at a depth of nearly 15,000 feet. The discovery reignited interest in the ship’s history, shedding light on the circumstances surrounding its demise and the valuable cargo it carried, namely an estimated 7 million ounces of SS Gairsoppa shipwreck silver. This revelation sparked a salvage operation, marking one of the deepest and most challenging recovery efforts in maritime history.

 

 

 

 

 

 

 

 

 

Photo Courtesy of Library of Contemporary History, Stuttgart

Gairsoppa silver recovery

The recovery of the SS Gairsoppa’s silver from the ocean bottom was a formidable undertaking that required cutting-edge technology and meticulous planning. The first step in the recovery process involved the utilization of remotely operated vehicles (ROVs) equipped with advanced sonar and imaging technology. These ROVs descended to the ocean floor, providing a detailed survey of the wreckage site. This crucial step allowed the salvage team to assess the condition of the ship and the distribution of the cargo, particularly the S.S. Gairsoppa shipwreck silver that held historical and monetary significance.

Upon completion of the survey, the salvage team employed specialized robotic arms attached to the ROVs for the delicate task of lifting the silver from the ocean bottom. The challenging underwater conditions, marked by extreme pressure and darkness, necessitated precision and expertise in maneuvering the robotic arms to handle the valuable metal.

To ensure the safe recovery of the vessel’s silver cargo, Odyssey Marine Exploration implemented state-of-the-art techniques for retrieval. The use of specialized equipment, such as specially designed baskets and containers, facilitated the careful lifting of the precious metal from the ocean floor. These containers were then secured to the ROVs and slowly hoisted to the surface, minimizing the risk of damage to the valuable cargo during ascent.

The recovered silver, totaling millions of ounces, marked a historic achievement in maritime salvage. Found in the form of large ingots rather than Gairsoppa coins, these substantial pieces of silver added to the complexity of the salvage operation. The Gairsoppa silver’s extraction from the ocean depths not only brought closure to the story of the iconic vessel but also showcased the capabilities of modern underwater exploration and recovery technology.

 

 

 

 

 

 

 

 

Photo by Postal Museum

SS Gairsoppa silver bar findings

The silver recovered from the Gairsoppa shipwreck took the form of large ingots. More specifically, a total of 2,792 silver bars, each containing nearly 1,100 ounces of .999 pure silver, were salvaged. Today, collectors and silver investors keen on possessing a tangible piece of maritime history can acquire the following SS Gairsoppa silver bars.

1. Original SS Gairsoppa 1000 oz bar

Remarkably, contemporary silver collectors have the unique opportunity to acquire original ingots salvaged from the SS Gairsoppa, forging a tangible link to the wartime era. Among the 2,792 silver ingots recovered by Odyssey Marine Exploration, a select 462 were made available to the public, transforming them into authentic and coveted rarities.

Minted at His Majesty’s Mint in Bombay, each original Gairsoppa silver bar is distinguished by a unique serial number and the official stamp “HM Mint Bombay,” echoing the craftsmanship of a bygone era. While the ingots do not feature a date on them, their estimated production date falls between 1829 and 1919, i.e. the dates of the HM Mint Bombay’s operation.

A particularly intriguing facet of these large bars is the discrepancy in their marked and actual weight. Although stamped as 1,041.1 ounces, the average “SS Gairsoppa silver ingot 1000 oz” has a slightly lesser recovered weight, resulting from the impact of corrosion during the silver bars’ prolonged submersion in the ocean. This natural consequence, common in shipwreck recoveries, contributes to their deeply toned condition, enhancing their authentic charm. Collectors appreciate this nuanced history, reinforcing the allure of these Gairsoppa ingots as genuine artifacts from a significant maritime chapter.

S.S. Gairsoppa Shipwreck 1,036.6 Ounce Ingot

• Metal: Silver
• Year: Between 1829 – 1919

 

 

 

 

 

 

 

Photo by Great Collections

2. 10 oz Gairsoppa silver bar

Crafted as a tribute to the significance of the historic vessel, commemorative SS Gairsoppa 10 oz silver bars were made from the remaining 2,330 ingots that were not distributed to the public, offering a unique and affordable silver investment opportunity.

Meticulously produced by Sunshine Minting, a reputable private mint, each of these bars encapsulates approximately 10 ounces of .999 pure silver and bears distinctive markings attesting to its special origin. On one side, the “Gairsoppa silver bar 10 oz” features an intricate engraving of the SS Gairsoppa along the date of the shipwreck. On the other, it bears a detailed stamp indicating its weight and certification as recovered GAIRSOPPA silver. Combining a unique fusion of historical context, craftsmanship and intrinsic value, these bars constitute a prized addition to any collector’s portfolio.

10 oz. S.S. Gairsoppa Commemorative Bar

• Metal: Silver
• Year: 2013

 

 

 

 

 

 

 

 

To explore a broader array of silver options, beyond the offerings of Gairsoppa silver bars for sale, browse Blanchard’s extensive silver selection here.

SS Gairsoppa silver coin commemoratives

Unlike other famous shipwrecks, the Gairsoppa ship yielded no coins in its recovered cargo. However, following its legendary salvage operation, commemorative coins were produced to honor the historic vessel. These numismatic treasures stand as enduring tributes to the SS Gairsoppa’s unique legacy and are cherished by collectors looking for SS Gairsoppa shipwreck silver for sale.

1. 2013 50p Britannia – SS Gairsoppa silver coin

Shortly after Odyssey Marine Exploration’s salvage operation, the Royal Mint decided to issue commemorative SS Gairsoppa coins. The 2013 50p Britannia is a limited edition coin crafted with precision, featuring a quarter-ounce of pure .999 silver recovered from the sunken vessel. Its iconic obverse design by Philip Nathan showcases Britannia standing proudly with a shield, symbolizing the resilience of the British spirit. On the reverse, Ian Rank Broadley’s portrait of Her Majesty Queen Elizabeth II graces the coin.

Weighing 7.86 grams and measuring 22.00 mm in diameter, this SS Gairsoppa Royal Mint bullion coin bears a unique inscription, “S.S. Gairsoppa,” on its rim, paying homage to the ship and its crew. Limited in mintage and finished to the Royal Mint’s exacting standards, it serves as a tangible connection to the maritime history of the SS Gairsoppa, making it a prized addition to numismatic collections worldwide.

2013 50p Britannia – SS Gairsoppa

• Metal: Silver
• Year: 2013

 

 

 

 

 

 

Photo by PCGS

2. 2014 50p Britannia – SS Gairsoppa coin

Following the success of the 2013 Britannia 50p Gairsoppa coin, the Royal Mint continued this numismatic tribute in 2014. This limited edition coin, also weighing one quarter of an ounce of pure .999 silver recovered from the Gairsoppa shipwreck, features the iconic design of Britannia by Philip Nathan and Ian Rank Broadley’s portrait of Queen Elizabeth II as well.

When paired with the preceding year’s coin, Gairsoppa coins for sale offer collectors a compelling narrative of historical significance and artistic elegance, enhancing the completeness of a numismatic collection.

2014 50p Britannia – SS Gairsoppa

• Metal: Silver
• Year: 2014

 

 

 

 

 

 

 

 

 

Photo by PCGS

3. 1 oz S.S. Gairsoppa shipwreck silver round

First manufactured in 2014 by the Sunshine Mint in the United States, the Gairsoppa 1 oz silver round was also struck from silver salvaged from the Gairsoppa. A strikingly beautiful piece, it features a unique obverse design of the iconic ship cruising on calm waters, with a bright silver finish accentuating the scene and contrasting darker areas adding depth. Its reverse displays inscriptions for weight and purity, including “Certified Shipwreck Silver” around the central “Gairsoppa”, making it a prized collector’s item for those seeking an authentic Gairsoppa shipwreck silver round.

1 oz. S.S. Gairsoppa Shipwreck Round

• Metal: Silver
• Year: 2014

 

 

 

 

 

 

Photo by Canadian Coin Blog

Read why securing your own Gairsoppa silver becomes a compelling investment, as silver trends upward according to experts.

Where to buy historically valuable silver coins and bars

The storied legacy of the S.S. Gairsoppa and the precious silver recovered from its depths offer not just historical value but a tangible investment in the enduring value of precious metals. To embark on this journey of acquiring a piece of SS Gairsoppa silver bars for sale, consider using Blanchard. The company’s unparalleled expertise, commitment to customer satisfaction, and comprehensive guidance make Blanchard a trusted and outstanding choice for navigating the intricate world of precious metals and rare coins. Contact Blanchard’s team of experts to explore the world of Gairsoppa shipwreck silver and other historic silver, where every piece tells a captivating tale and holds the potential for lasting investment value.

Want to read more? Subscribe to the Blanchard Newsletter and get our tales from the vault, our favorite stories from around the world and the latest tangible assets news delivered to your inbox weekly.