Your Binion Silver Hoard

Friday 14 October 2011 04:05 By Gamblin Blogs , In

Lonnie Theodore Binion (generally known as Ted Binion) seemed to be that rarest of chickens: Native Son of Nevada. Brought up amidst prominent privilege for the reason that son of infamous Benny Binion, the owner of the particular downtown Horseshoe Casino and founder in the World Tournament of Online poker, Ted Binion appeared to have it all. He, along with his siblings, were on intimate terms while using the internal workings of the legendary Las vegas landmark, taking over for Bennie upon reaching adulthood. On the surface, the Binions not solely had the American Desire, with ownership of casinos, a huge ranch in Montana, and money, money, money coming into their coffers on a daily basis, they lived a life most of us cannot even imagine. Sounds good, doesn't it? They had a large family, received the best education, lived in luxury, had all that cash could buy.

As in so several cases, what's wrong with this kind of picture? So many times we hear in the sons and daughters of wealthy, prominent parents going journey deep end, losing their lives in ruination. Ted Binion was one of those unfortunate sons, who in spite of getting the best money might buy, couldn't buy himself a life worth living. He had the greatest, but fell victim to all the worst "Sin City" provides, ending in his collapse - drug-addicted, barred from the merely life he really knew (casino life), his live-in lover and his companion accused of his killing. This is a tale of excess: think money, think the best food, all you can consume, think drinks, all you can drink, think up all nights, partying, topless bars, drugs to keep it going, no limits on what you might have, no boundaries on what you might spend, the best houses, the best cars, clothes, jewelry, whatever! No limits. This was Ted Binion's lifestyle. Every man's dream, so it seems. But, alas, it wasn't the reply. Conversely, Ted Binion was generally known as a caring, helpful person, who would put themselves out to his friends and neighbors - a man at the mercy of opposing forces.

In his days handling the Horseshoe, Binion saw a continuous flow of money that led him to develop an appreciation and attention for quality silver. He began to obtain, becoming fascinated with the artistry and selection of coinage that numismatists are given to. He not only begun to collect, but being a gentleman of excessive tastes, he began to hoard. He found and stashed every style of silver coin he can get his hands on, eventually filling a vault beneath the gambling hall he named home with 46, 000 pounds of mint silver coins.

This is a history, not only of Ted's tragic life, but of the silver he loved as well as journey from the vault beneath Horseshoe to its newly-constructed home beneath the Nevada desert, to you, the reader of this kind of story, and how it many ties in. In our society, precious metal in in addition to of itself has value. But we, beings who love a tale almost beyond where we have to, are endlessly fascinated with all the story behind things, the story behind celebrities, historical figures, great works of art work, greatness on any degree. Hell, it doesn't even have to be greatness, as long as the telling with the story is great.

We are a people that love the backstory, especially if it concerns someplace we're familiar with, and how many people have frequented the Temples to Money that's Las Vegas? We (although we're warned not to), love to worship with the Golden Calf, and hope it's also being served about the buffet table. Hey, it's what our economic system is about. Our system may not be perfect and may cause a great deal of secondary problems, but for right currently, it's all we've received. What's that old series? The man who dies most abundant in toys at the end wins the experience? If we begin to see things with regards to systems and games, everything looks a very little different. It's all a make a difference of perspective and notion.

So, this is the report of Ted Binion and the backstory of his Sterling silver Hoard, an amazing collection involving silver coinage (described in more detail down below) and how you might get your hot little mitts some of it, should it be of interest to you personally. Silver in any form is likely to greatly rise in value within the next few years, and for those of you who're numistamistically inclined (there's a mouthful), this may be your possibility to acquire pieces far so beyond the standard they almost fall into the "worthy of worship" category. I don't believe there is certainly any admonition about not worshiping with the Silver Calf. Certainly, we can understand Ted Binion's wish to acquire and hoard these kinds of treasures, even if we can not quite understand his loyalty compared to that which brought about his / her questionable end.

As we alluded to help earlier, Ted Binion was very the party animal. He lived hard and also fast and loved your ladies. He was known to frequently frequent a famous Sin city establishment of titillation by tit-elevation often known as Cheetah's - a location known for it's scantily-clad beautiful ladies. Therein, he met a surfer-girl branded Sandy Murphy. Ms. Murphy had just lost over $10, 000. 00, her life savings, playing blackjack at Caesar's Development. It was initially reported that as a way to cover her losses, Ms. Murphy took a job being a topless dancer at Cheetah's, but Murphy claims that she was working with the club as an separate contractor selling costumes towards dancers who worked right now there. In any case, it was where she and Binion green.

Sandy Murphy's profile within the Court TV's website rates Ms. Murphy as saying, "I really didn't realize who Ted Binion ended up being or what the Binion family was. " Binion, age 55, apparently fell for the 23-year-old Southern California young lady, who had just made her first trip to Las Vegas. It is reported which Binion and Murphy matured quite close, and on March 7, 1995, Binion moved her into his home on Palomino Street. It was not a long time before Murphy quickly fell directly into step with Binion's rich Sin city lifestyle, which seems to include included violence, sex, drugs, physical and verbal misuse. Sandy Murphy claims in which she was never immediately after Binion's money or of which she had any familiarity with his reputation on the local scene. It seems a credible story, if you consider your woman, a pretty 23-year-old, was most likely excited she'd found a 55-year-old who gave her an excellent house to live in, along with a life style of abuse and destruction.

Enter Part Two of the end-story of Ted Binion. Early in 1998, Binion met and befriended a struggling contractor because of the name of Rick Tabish, whom he had met inside restroom of one connected with Las Vegas' high-end eating places (#(... an auspicious beginning). Apparently, Tabish was not a really savvy businessman because this individual continually lost money by way of weak business dealings, and when he satisfied Binion he was building a sandpit and trucking company within the verge of failure. Binion, however, befriended Tabish and invited him to his property. Both Tabish and Binion got their start in families with successful daddies, and the Binion family had an incredibly large ranch in Montana, where Tabish also hailed via. These factors may are the common bond in which drew them together.

After some bad business while using Gaming Commission, Binion was barred from running the Horseshoe On line casino, and his sister is at line to take over. Ol' Ted had to get someplace to put everything that silver. In the interim, Rick and Sandy had become attracted together and began an event behind Binion's back. The efforts of his new friend Tabish as well as his girlfriend Murphy in talking him into liquidating the silver just weren't well received. Binion felt the price of silver was way too low and he desired to wait for a far more advantageous time. So, in a stroke regarding brilliance, he contracted with Tabish to create him an underground burial container on his property with Pahrump. The vault was built, and on July 4, 1998, Tabish filled the container with 46, 000 pounds of silver through the basement hiding place connected with Binion's Horseshoe Casino. When Tabish had finished and locked the vault, he asked Binion when he wanted the locks changed and the key back, and Binion declined, stating he trusted their friend.

About two months after, Binion was found useless. On September 17, 1998, paramedics found Ted Binion dead in the den of his Nevada home that he had shared with Murphy for about 3 1/2 many years. Initially, investigators thought Binion, who struggled with a new drug addiction, passed away from any overdose of tar heroin, Xanax and Valium, drugs he had purchased per day

earlier. The 911 telephone phone to police to document the death was manufactured by Murphy an estimated some to ten hours after, and she was reported to own cried to the 911 driver that her "husband" hasn't been breathing (Binion and Murphy were not married).

Rather suspiciously, one day after the actual death of Binion, Murphy is seen with a videotape pointing out which in turn possessions she wants in the estate; accusing the Binion family of

removing items from the house in her absence and also pocketing a wine cup that investigators believe may have contained the drug mixture that's forcibly poured down Ted Binion's tonsils.

Even more suspiciously, two days after Binion's passing away sheriff deputies caught Tabish along with two assistants, excavating the last of Binion's estimated $7 trillion of silver coins and bars from the underground desert vault with 2: 00 a. m. Their report also stated which they found Tabish's briefcase at the scene containing a safe combination along with a handwritten note from Murphy

proclaiming her love for him.

These events, along with private investigations begun through the Binion family,

initiated an additional study by police. What was thought being an

overdose now became some sort of murder probe. The police probe into the death of

Binion led to this arrest of Murphy and Tabish about nine several weeks later, and gave

the prosecutors the following evidence to provide at trial:

o Murphy and Tabish began an affair during the summer of 1998.

o Tabish bragged about the affair.

o Both Murphy and Tabish knew around the $7 million of sterling silver; tried to

convince Binion to sell it; and, knew of the subterranean desert vault.

o The prosecution's health care examiner, Dr. Michael Baden, theorized that

Binion was force-fed the actual drug mixture which disoriented your ex, and allowed him

to be suffocated.

o Tabish's involvement was reinforced by his attempt to excavate the

silver.

o Murphy was listed as being a beneficiary in Binion's Will.

o Binion's estate attorney at law filed a petition revealing that Binion told him or her over

the telephone, "Get Sandy out in the Will if she isn't going to kill me tonight.

If I'm dead, you'll know what happened to my opinion. " Binion was dead prior to

Will could be transformed.

o Tabish needed dollars because he was cash-strapped.

o Tabish had previous run-ins while using law. He was convicted double in

Montana, once for burglary whenever for conspiracy to get narcotics.

In addition, he was also charged (together with two associates) in the kidnapping

and torture of company associate Leo Casey with July 1998.

Murphy and Tabish were tried and convicted about May 19, 2000, after an eight

day deliberation by this jury. Tabish was sentenced to be able to 25 years in penitentiary, and Murphy received the very least 22 years. In July 2003, in a 4 in order to 3 decision the The state of nevada Supreme Court overturned this conviction of Murphy and Tabish as a result of improper courtroom procedures. This led to any retrial, and in November of 2004 a seven-man, five-woman jury returned some sort of verdict after 19 hours of deliberations. Murphy and Tabish were acquitted of the most serious charge against all of them, the murder verdict. The Las Vegas jury cited deficiencies in medical evidence for their particular decision. Through a provision throughout Binion's Will, Murphy may be capable to claim $1. 2 million pending the results of a wrongful-death suit brought against her by the Binion family.

Where are they today? Both were each acquitted associated with murder but were charged on lesser charges regarding conspiracy to commit burglary, burglary and grand larceny. Murphy was not go back to prison, because of time offered. Tabish is expected to be released in 2008.

Note: A prosecution death principle, which the jury ultimately rejected, formed the basis pertaining to "Burked, " a September twenty-seven, 2001 episode of the television series CSI. After the jury inside re-trial found Tabish and Murphy simple of murder, news accounts reported that jurors was unwilling to find them guilty since the forensic evidence introduced because of the prosecution had not met the standards on the television show.

So, what happened to each one of Ted Binion's silver? In November 2001, Spectrum Numismatic International purchased the coins from your Binion Hoard for $3 zillion, and the marketing of the coins was assigned to Goldline International, Inc. There were over 100, 000 Morgan and Tranquility Silver Dollars, and an unspecified variety of silver Half Dollars. The coins were authenticated and also graded by NGC (Numismatic Warranty Corporation). A special tag and designation appeared by NGC to make these coins be noticeable as coins with a new pedigree. In addition to the particular special tagging, the silver dollars were marked with the words Binion Collection and also the half

dollars were marked with all the words Nevada Silver Selection. The coins were sold in a number of grades up to in addition to including MS-68, and there was a wide array of price points originally starting off at $50. 00.

The story and the courtroom trial over Ted Binion's dying has kept America humming,

and the coins from the Binion Hoard have given Coin Collectors a bit of modern day history that will live long in the particular annals of numismatics. The complete story is not even close over, but once the previous chapter is written, these pedigreed coins will have a story like absolutely no other.

The Binion coins ended up authenticated and certified with the Numismatic Guaranty Corporation (NGC), one of the nation's leading independent facilities to the inspection, authentication and grading associated with collector and investor coins. At the completion of the process, NGC sealed each silver dollar in a tamperproof plastic holder featuring the coin's year as well as mint of issue, plus the coin's level. A coin's grade is important because it's the primary determinant of the coin's market value.

Mark Salzberg, President of NGC, said, "This is the greatest number of silver dollars that NGC has ever authenticated. "

NGC has also included an exceptional certification sealed into each protective holder for that historic coins. Each Binion silver dollar includes a special NGC pedigree label that for the very first time is in a color (green) as well as depicts three cowboys on the Old West. Each label also flows, Binion Collection and BinionCollection. com to further identify the pedigree and to offer collectors a website with additional information about the collection. "These coins are dripping with amazing originality and historical importance, " said Salzberg. He added, "Less than one out of every 1, 000 coins NGC grades has a pedigree. Pedigrees add to the collectibility of a coin because they identify it from a historical perspective. "

"The coins of the Binion Collection offer the possibility for both novices and sophisticated collectors to obtain coins for their collections, " said Mark Albarian, President and CEO involving Goldline. "The price range is affordable--many coins are around for less than $50 with more expensive over $10, 000. "

Author's Note: Being the final chapter in this story has yet to be unfolded, we, have reported this history as accurately as space & time will allow. There was no intent to indicate bias, or to liable or slander one of the parties involved. Sources for this exploration includes:

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