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 Replies: 17 / Views: 5,557 |
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Bedrock of the Community
United States
14454 Posts |
GSA pedigree on a PCGS slab is just a Morgan dollar in my opinion, because once it comes out of the original GSA case its no longer considered a GSA. If you were to crack out that Morgan and free it from its PCGS slab you wouldn't be able to tell it was ever a GSA coin. I know some people say if you crack it out of the GSA holder its the same thing and that is true but I like my GSA coins to stay in the GSA holders and that is why everytime I send one off to be graded I send it to NGC because they leave them in the GSA holder and put a label around it |
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Pillar of the Community
United States
7840 Posts |
Are they worth more? I would say, it depends. Some people believe that once it's taken out of it's GSA holder, it's just another CC dollar. As far as I know, only NGC would certify GSA coins, and leave them intact in their original GSA holders, with a "Tamper Resistant" band wrapped around them. I have also seen that NGC is certifying GSA coins (and others) in their original Gov't issue "Soft-Packs"; "NGC grades dollar coins in soft pack holders, as issued by the US General Services Administration (GSA), and Eisenhower dollars in soft pack US Mint holders, often called Blue Ikes. In order to preserve the integrity and pedigree of the original holders, NGC grades these coins while still in their original holders of issue. The entire soft pack holder is then sealed in a semi-rigid clear plastic case. A label across the top will include necessary attribution information, the coin's pedigree, and NGC-certified grade." http://www.ngccoin.com/services/gsa-soft-pack.aspAs far as PCGS goes; "Q: Can I submit "GSA" Carson City Morgan dollars for grading and keep them in their holder?
A: No. GSA dollars submitted for grading will be removed from their holder and encapsulated in PCGS holders. GSA dollars can be submitted with raw coins under any service level and have to arrive in the GSA holder in order to receive the "GSA" designation on the PCGS label. Please send the coins in the acrylic holder only. External packaging or certificates of authenticity will not be returned." http://www.pcgs.com/faq.chtml#faqid219With GSA coins, this may be the exception to "buy the coin, not the holder". Leave it in it's GSA holder for a premium. IMO. Edited by oih82w8
01/12/2010 10:38 am
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Pillar of the Community
United States
2797 Posts |
Agree with Bryan on this one. It's all about perception. The market majority has determined that the original GSA slab is required for it to retain the pedigree and earn a premium. Nothing against PCGS, but the market didn't follow along and accept their certification. This may change over time as perceptions often do, but for now that PCGS 64 CC Morgan is just that. In this case (and all others), buy the coin and not the holder.
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Valued Member
 United States
461 Posts |
interesting reply seatednut "the walls have eyes......."
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Valued Member
United States
461 Posts |
interesting reply seatednut "the walls have eyes......."
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Pillar of the Community
United States
6394 Posts |
FYI, the Carson City GSA dollar dates have very unequal populations. The 1882, 1883, and 1884 are the most common and carry little premium when in the original GSA case. Other dates like the 1878 and 1891 are much scarcer in GSA plastic and carry larger premiums. You would be leaving money on the table if you removed those dates from their cases. I wonder if any forum member happens to have GSA population and/or value information for the various dates? I'd like to know!  |
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Valued Member
United States
461 Posts |
I would like to know the GSA population also! As a member of PCGS I notice they don't publish it and I agree about the common dates Re: added value. It is just lately that I am seeing a lot more GSA Morgan coins coming onto the market and some are in PCGS packages with pedigrees and others are in NGC packages. I'm thinking economic times are driving these to the front of the market and I want to know what the benefits and downfalls are to take advantage or to stay away from them!
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Pillar of the Community
United States
2797 Posts |
All you had to do was ask ...
1878cc 60,993
1879cc 4,123
1880cc 131,529
1881cc 147,485
1882cc 605,029
1883cc 755,518
1884cc 962,638
1885cc 148,285
1889cc 1
1890cc 3,949
1891cc 5,687
1892cc 1
1893cc 1
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Valued Member
United States
461 Posts |
I know "the shadow knows" LOL!  |
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Pillar of the Community
United States
7840 Posts |
Try this one for size; Uncirculated Carson City GSA dollars make up the majority of the coins auctioned, but some circulated pieces or Morgan's from other mints were also disbursed and can still be found in their original GSA packaging. Commonly accepted numbers for Carson City GSA dollars are as follows:
1878-CC 61,000
1879-CC 4,100
1880-CC 131,500
1881-CC 147,500
1882-CC 605,000
1883-CC 755,500
1884-CC 962,600
1885-CC 148,300
1890-CC 3,950
1891-CC 5,700
However, it is widely known that at least 1-1889-CC dollar was released, and a circulated 1893-CC surfaced at the Silver Dollar show in St. Louis several years ago. Proving once again that Government inventory systems may not be 100% accurate.http://www.brokencc.com/aboutgsa.phpSeatedNut Beat me to it, and appears to be more accurate, than the rounded figures aforementioned. Edited by oih82w8
01/12/2010 11:23 am
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Pillar of the Community
United States
1083 Posts |
I agree leave them in the holder. If I ever send mine out for grading, it will be to NGC, not PCGS. The GSA holder, box, and certificate are part of the history of the coin.
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Pillar of the Community
United States
1801 Posts |
Jaobler, Coin World Coin Values online now has a separate line for values for the GSA dollars including a number of the non CC ones. Some of the GSA premiums are quite substantial, for example in MS63 1890CC listed at $900 and 1890 CC GSA listed at $4500. Higher grade scarce date CC dollars (79, 90 and 91) are actually very scarce because so many were cracked out of the GSA holders to be slabbed during the investment booms in the 80's and 90's when every investment pool wanted only certified coins. With release numbers like 3949 for a 90CC, you can see where even 2000 TPG submissions would severely cut back the existing pool of coins. |
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Valued Member
United States
112 Posts |
Just a word to "seatednut" and "oih82w8": You did great on those numbers, but I have a question? Remember, I'm new here, so bare with me: Looking at the GSA dates, are their any "REAL FIGURES" for 1889 1892 1893 still in holders? I would love to find them, but I have an idea I better not hold my breath..
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Bedrock of the Community
United States
14454 Posts |
no one knows how many are actually left in the holders, you may be able to search NGC and see how many they have graded and those will still be in the holders but no way to know how many are left actually in the holders out there
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Bedrock of the Community
United States
17884 Posts |
Quote:
are their any "REAL FIGURES" for 1889 1892 1893 still in holders? At least two of them ARE still in the GSA holder. Sorry I can never remember which two. The third one has not been reported since it was mailed out as part of the "Mixed CC" dollars at a cost of $15. It may still be in a collection somewhere or it may have been cracked out for the windfall profit years ago. There was also a 50% off-center CC Morgan that went out with the $15 Mixed CC group. It had a note included requesting the lucky buyer contact the GSA so they would know where it went (Publicity reasons.) The winner of that coin DID contact them. He was unhappy with having gotten a defective coin and wanted to exchange it until he was informed of its true value. I don't know if similar "Contact us" notes were included with the 89, 92, and 93 CC dollars but if not they should have been. |
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Posted 01/12/2010 10:32 am
