Doug Nyholm edits the Mint Master for the Utah Numismatic Society. In the January 2023 issue he wrote a short article on U.S. Mint bags. With permission, we're republishing it here. Thank you.
This Carson City mint bag once held
1000 Morgan silver dollars. A Heritage auction recently sold this bag at
auction for $6,000 including the buyers
premium. I was totally amazed that an
empty bag which once held 1000 Morgan silver dollars could sell for 6 times
its once held contents.
Shown here are several pictures of vintage silver dollar bags of which literally
hundreds, if not thousands were stored
in vaults. It is strange that more than a
few have survived, or have they, and
are they part of long time old collections still in hiding. Or, were the vast
majority simply tossed like garbage
like an old candy wrapper? In any
event, I will keep looking and hoping
to find that elusive treasure someday.
ABOVE ARE BAGS AND BOXES OF CURRENCY
AND SILVER DOLLARS. WHERE DID ALL THE
IN SEARCHING FOR THESE PICTURES I CAME
ACROSS AN ABSOLUTELY FANTASTIC MINT
BAG WHICH ONCE HELD $5,000 (250)1928 DOUBLE EAGLES. WOW!
Wow, indeed! This is the fun and challenge of collecting numismatic ephemera. These artifacts served a purpose in their time, and most were later discarded after their useful life. The few that remain are interesting souvenirs and collectibles. Who will be the David Lange of mint bags? It would be interesting to catalog these and learn more about what exists. That sale price is a solid indicator of market interest. And the field covers more than just the bags of the U.S. Mint - many private banks also printed and used their own bags, and these would be of local interest and collected like National Bank Notes. I've accumulated and "de-accessioned" many of these over the years, but did not save a reference collection. Who has? What can you tell us about your holdings?
To read the complete lot description, see:
Carson City Mint Silver Dollar Bag....
To read earlier E-Sylum articles, see:
COIN BAG COLLECTING & OTHER STRANGE AFFLICTIONS
THE NEVADA "FITZGERALD" HOARD
QUERY: MARKINGS ON U.S. MINT COIN BAGS
GOLD DUST IN OLD MINT COIN STORAGE BAGS
THE BOOK BAZARRE
RENAISSANCE OF AMERICAN COINAGE
: Wizard Coin Supply is the official distributor for Roger Burdette's three volume
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Wayne Homren, Editor
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