1883-O Morgan Nci

Metalman, it seems like I do sort of remember this grading service back when I was more heavily into coins about 12-15 years ago. I kinda sorta remember that maybe they were comparable to what PCI would be today. In fact, I just noticed on my 2 month old Greysheet that NCI still appears in the list of certification services. They have a comparison list of the services and give a percentage for each service for an average sight unseen value of Greysheet Bids. If you don't understand that, I don't blame you because I didn't explain it too well. For example, if a Morgan dollar bids, say, $100 on the greysheet, the list says that ICG coins are worth sight unseen 83% of that bid. PCGS: 83%; NGC: 81%; ANACS: 56%; PCI: 52%, and 2nd from the bottom NCI: 41%.
I just have a hard time telling from photos if a coin is "AU 64" or MS 64 if you know what I mean. (and still in real life too!)

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Originally posted by Metalman

Fred

Im not sure how Morgan collectors view Die cracks and possible clashes, but this coin has a die crack that runs from the fourth star on the left, all the way under the bust and ends just short of the bun behind liberties head.the suspected die clash is on the reverse at the top right inside of the wreath .

as you can see the coin was certified as a 64 both surfaces, I tend to agree with it with the coin in hand, it may even go 65 the coin really is a lot nicer than the pic allows !!

Fred, if you had the opportunity to by these for 30.00 each would you ? the other dates are both philly coins also graded 64 81 and 82

question 2,, 1883CC GSA How much do these go for ?

Rick

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Rick, from the pics, I can't really see the die crack nor clash unless I use a lot of imagination, so they wouldn't bother me unless a TPG wouldn't slab them. I suppose there's Morgan collectors who are looking for perfection and would consider any defect unacceptible.

Now that I've seen a pic of the NCI "slab" and know what they look like, I *have* seen a few of them before on ebay. I don't recall how well they sold, but I remember them as an oddity.

$30 each? Hmmmmmm. It would depend on how flush ($$) I am at the moment of the offer (not too flush at the moment), but I'd probably buy them as raw coins rather than rely on the NCI grades. Mint state Morgans of any year are always welcome additions to any collection and I always figure a bird in the hand...

On the 83CC GSA, presumably in its original GSA holder and not certified by NGC with its unique certification band/seal around the holder (NGC is the only TPG that does this; PCGS cracks them out and notes "GSA Hoard" on its label), depends on the grade, but variously from $150 up to $300+/- for MS-60 to -65, uncertified. NGC-certified, add 40% to 50% or more. 1883-CC GSAs are one of the most common of the GSA Morgans. It's my belief that the value of GSA Morgans will increase as more are cracked out of their GSA holders to be slabbed by TPGs (NGC excepted).

Here's a couple completed auctions for 1883-CC GSA Morgans:

Not certified:
http://cgi.ebay.com/1883-CC-MORGAN-...mZ8342301725

NGC certified:
http://cgi.ebay.com/1883-CC-GSA-U-S...mZ8342858768

Fred

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Originally posted by Metalman

Thanks Fred and Adobero

I agree that the grading service is a bit of an oddity !! probly why I like it .

By the way I choose my friends the same way !!

Fred Thank You my friend !!

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You're welcome, Rick. But, you let NGC grade your friends? Or grade your odd friends? Or grade your friends oddly? (I think I'll quit here while I'm still behind or getting behinder.)

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BROUGHT TO YOU BY THE NUMBER 8 !!! and its friends 8888888 !!!

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Some people never learn. As the song goes, " is the loneliest number". Go with 15. It's got zest and flair.

Ferd

Thanks for the pic of the "slab". I have seen those on ebay too, I like the split grading.

Die cracks do NOT effect the grading of the coin. And there are some of us that LOVE them. The right crack can turn a $20 Morgan into a $500 Morgan. So please, if you have Morgans with die cracks and they bother you, I will be more than happy to take them off of your hands Did I say pretty please? Oh, and I love clashes too[:p]




Did I say please, please, and mega more pleases

Hi Becky

I actually do not collect Morgans, I just had a hard time walking by these ones,,

and these will more than likely come for sale or trade in the near future !!

I will see if I can get some decent pics of the die crack, it is really a pretty good one !!

Rick

MS64. There are couple of areas on the obverse where it looks like the luster might be slightly broken which would keep it from MS65 in my opinion. Very nice strike for a New Orleans.

Both the 83-O and the 84-O are listed in the coins forsale forum ,,

Im accepting offers !!

Rick

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Originally posted by stk54dist

I'm one of the new guys to this forum. What does GSA mean in a coin's description?

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General Services Administration, the US government's bean counters. Without my looking it up for exact details, suffice it to state that the huge surplus of Morgan silver dollars stored away in the Mint's bowels were a burden on the taxpayer, so GSA decided to get rid of them. They released them for sale three times. The first time, they almost gave them away at fire sale prices. GSA couldn't sell them fast enough. Somebody got smart (most unusual in government) and decided maybe the govt could be making a little money, so they encapsulated them in special labelled GSA plastic holders and sold them for more (but not near their true collector values) in two subsequent sales. There's now millions of GSA Morgans kicking around. Some are common (1884-CC, 1885-CC) while others are not so common or rare.

Problem: the third party grading companies like to crack them out of the GSA slabs and put them in their own plastic. NGC is the only exception and wraps a seal with the coin's grade around the original GSA slab. The rest of the TPGs simply label them "GSA" or "GSA Hoard" in their own proprietary holders.

While the GSA label neither adds nor detracts value from most Morgans (there's some disagreement and some exceptions), it does add a provenance to the coin. Also, in my estimation (FWIW), as more Morgans are cracked out of their original slabs to be graded by TPGs, there will someday reach a point when Morgans still in their original GSA slabs may have enhanced value.