Last week I told you about my trip to the World Money Fair in Berlin. What I didn’t tell you though was the fact that I actually left the show disappointed.
I was hoping to improve my stockholding of a coin so rare that it has been known to create fierce competition amongst collectors.
It’s an error coin with a rather unusual name…
The “Hot Lips” Morgan Dollar
Struck out of the New Orleans Mint in 1888, it wasn’t discovered until the 1960s, but soon became one of the most famous coin errors in the world.
The usual Morgan Dollar obverse was double-struck in error, resulting in a doubling up of Lady Liberty’s lips, chin and nose, with the lips resembling Elvis Presley at his lip-quivering best, creating the name “Hot Lips”.
You can see the unusual error on the image below.
“Needle in a haystack”
It is one of the most famous coin errors in the world, but trying to find one is like looking for a needle in a haystack.
That’s why I was so pleased to find just 50 of these hugely collectable coins for Coin Portfolio Clients late last year.
I wanted more, but that’s where the disappointment stems from. I met with my supplier at the World Money Fair in Berlin hoping that he would have good news and be able to supply me with more.
He told me frankly that securing those 50 was a one-time deal – he would never be able to find this sort of quantity in one go again.
So that’s it, once my current stock is gone, I’ll only be able to secure these coins on a one by one basis.
That’s the bad news. The good news is that I still have those 50 “Hot Lips” Morgan Dollars available on a first-come, first-served basis. I have a mailing planned to my best clients at the end of the month.
You have the chance to add this ultra-rare coin to your Portfolio for just £295 now though.