Q. David Bowers
If good dollars come to your area, will you be ready for them?
Here is a suggestion that may help keep you from missing the boat just when the crucial time arrives. Go to your bank today or as soon as you can (there is no time to lose). Have a nice long talk with your head teller making sure he is not busy at the time.
Be honest and tell him exactly what you want and why.
Don't be afraid to show him the Red Book, etc. Don't worry about any coin shortage in your area. If you can get on the right side of this man, he can overcome this for you; believe me he can. Be sure he knows you have the cash to back up your plan and that you are willing to take care of all expenses.
When you are fortunate enough to get the good dates, will you know how to market them? The best and safest thing would be to store away for investment; but in most cases this is not practical. About the worst thing you could do is sell them locally. Also bad, isadvertising them in the national coin papers. Both of the above will cause an avalanche of collectors and hoarders to descend on all the banks in your locality and you will be quickly cut off from your supply.
Whatever you do, don't panic as one Kansas City dealer did when he got a bag of 1903-Os. He soon flooded his local market and got $3.00 or $4.00 each. At the same time, I had a standing offer of $15,000 a bag and couldn't buy any.
If you will be kind enough to call me, I'll arrange to buy your coins for cash and will usually be able to complete the transaction within 24 hours. Particularly wanted are all dollars with mintage less than six million. I have investors waiting with up to $2 million available for the purchase of these dollars, so no quantity is too large. No, I will not pay full retail for them but I will make you a fair offer. Unlike some other dealers, I back up my offers and all my deals are firm. My point is made and I hope you will help us both by remembering this ad.
STEVE RUDDEL
RCDA,ANA
Phones: Day 202-737-3700 Night 703-578-0648
1341 G St., N.W. Washington 5, D.C.
In the March 1964 issue of The Numismatist, Eureka Coins, Inc., San Francisco, offered Morgan dollars as listed below. No studies had been con-ducted to determine the availability and rarity of Morgan dollars in Mint State. This listing does not reflect the elusive quality of 1895-O and 1901, for example.
In the meantime, interest in silver dollars was increasing on all fronts. Some issues that were released in quantity-1898-O, 1903-O and 1904-O being outstanding examples-were still selling cheaply, but as it was realized over a period of time that certain issues were not represented in the 1962-1964 distribution, and all available on the market were those left over from several years before that, prices of many coins rose.
1878 7/8 TF. Unc. $6.00.
1878-CC Unc, $10.00.
1878-S Unc, $2.00.
1879 Unc. $l.50.
1879-CC Unc. $150.00.
1879-O Unc. $7.50.
1879-S Unc. $4.00.
1880 Unc. $2.00.
1880-CC Unc, $42.50.
1880-O Unc. $5.00.
1880-S Unc. $3.00.
1881 Unc. $1.50.
1881-CC Unc. $40.00.
1881-O Unc. $6.00.
1881-S Unc. $3.00.
1882 Unc. $1.50.
1882-CC Unc. $27.50.
1882-O Unc. $7.50.
1882-S Unc. $4.00.
1883 Unc. $1.75.
1883-CC Unc. $25.00.
1883-O Unc. $4.50.
1883-S Unc. $10.00.
1884 Unc. $1.50.
1884-CC Unc. $37.50.
1884-O Unc. $4.00.
1885 Unc. $1.50.
1885-CC Unc, $40.50.
1885-O Unc. $5.00.
1885-S Unc. $15.00.
1886 Unc. $1.50.
1887 Unc. $3.00.
1887- Unc. $7.00.
1887--S Unc. $12.00.
1888 Unc, $3.00.
1888-O Unc. $5.00.
1888-S Unc. $27.50.
1889 Unc. $1.50.
1889-CC Unc. $300.00.
1889-O Unc. $3.00.
1890 Unc, $2.00.
1890-CC Unc. $17.50.
1890-O Unc. $4.00.
1890-S Unc. $5.00.
1891 Unc. $3.00.
1891-CC Unc, $17.50.
1891-O Unc. $6.00.
1891-S Unc. $7.00.
1892 Unc.$7.50.
1892-CC Unc. $28.00.
1892-O Unc. $12.50.
1893 Unc. $37.50.
1893-CC Unc. $75.00.
1893-O Unc. $57.50.
1893-S Price on request.
1894 Unc. $85.00.
1894-O Unc. $15.00.
1894-S Unc, $27.50.
1895 Price on request.
1895-O Unc. $67.50.
1895-S Unc, $150.00.