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Binion Hoard information


NGC-certified Peace dollar from the Binion Hoard

The Binion Hoard was American gambling executive Ted Binion's collection of silver and silver dollars. Binion had a safe installed 12 ft (3.7 m) deep in the ground of a vacant lot that he owned in Pahrump, Nevada, United States. In the safe he stored his 46,000 pounds (21,000 kg) of silver, including 135,000 silver dollars. In 1998, Binion died of an overdose and authorities determined that he had been murdered. Two days after his death Richard Tabish and four other people were arrested for digging up the buried silver.

After an investigation into Binion's death, his girlfriend Sandy Murphy and her purported lover Richard Tabish were arrested and convicted of his murder: they were also charged in the theft of his silver. Four other people were also arrested and charged with grand larceny and burglary for helping Richard Tabish enter the safe and take the silver from Binion's property. The murder convictions of Murphy and Tabish were overturned by the Nevada Supreme Court in 2003, and a new trial in 2004 resulted in their acquittals on the murder charge. All six were subsequently convicted of grand larceny and burglary for taking the silver.

In 2001 the Ted Binion estate sold the silver coins. Spectrum Numismatic International purchased the entire collection of silver dollars for US$3.3 million (equivalent to $6,168,804 in 2023). The coins were certified and sealed in coin slabs by the Numismatic Guaranty Company (NGC). Spectrum Numismatic International priced individual coins from the hoard between US$50 and US$10,000.

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Binion Hoard

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