CC Morgans?

I saw quite a few GSA CC- Morgans and a GSA- Peace at the coin show this weekend, has anyone else heard of this . by the way I do know that some GSA are not CC. A few of the Ones I saw were prooflike w/ a little frosting on the devices - but with lots of marks on the white that was on the cheek..

I want to add, there is a very good write up about the GSA dollars in the "comprehensive catalog and Encyclopedia of Morgan and Peace dollars" by Leroy C. Van Allen & A. George Mallis that starts on page 397 and if you want to know alot of information about the GSA and have the book it is a very interesting read. here are the numbers the book gives and what numbers of what specific date was put in the GSA holder
..............Uncirculated....Mixed CC....Mixed Uncirculated....Circulated...........Unusable
1878-CC...47,567....................................................................13,426(culled)
1879-CC....3,633...............490
1880-CC..114,942.............16,587
1882-CC..122,709.............24,776
1883-CC..523,853.............222,116
1884-CC..788,630.............174,008
1885-CC..130,823.............17,462
1889-CC............................1
1890-CC....3,610...............339
1891-CC....5,177...............510
1892-CC............................1
1893-CC............................1
Various P,O,S............................................27,980
Various.....................................................................................84,165.......................311


As a result of sorting operations, the GSA had five catagories of cilver dollars (1) Uncirculated CC, (2) Mixed CC (3) Mixed Uncirculated (of other mints) (4)Mixed Uncirculated and (5)Unusable (due to severe gouge or badly worn). The mixed CC category included Uncirculated CC dollars that were tarnished andscratched and were therefore to be sold at a reduced price.Also note that thismixed CC category also included one each of the Uncirculated 1889-CC, 1892-CC, and the 1893-CC. These were put in this category since there was not enough to include as seperate bid categories of the uncirculated CC. Since the Uncirculated 1878-CC were sold at the same price ($15), the culled (tarnished/scratched)1878-CC had to be sold at a lower price. All 13,426 culled 1878-CC were put in the mixed circulated category abd sold for $3 each.[:0] The rejects/errors consisted of 2 to 5 percent of the total coins of each year. The scratched/tarnished consisted of 10 to 30 percent of the total coins with 1878,1882,1883, and 1884 particularly high. The initial sorting culled out 72,000 1882-CC, 78,000 1883-CC, and 77,000 1884-CC as scratched/tarnished. Later, additional coins were added to this category for these three years. The Bank Holding Company Act Amendments which were signed by president Nixon on December 31,1970, authorizing the sale of the dollars by the GSA did not permit error or variety coins to be sold seperately from the normal coins. Thus, they were mixed in at random with the two categories of coins sold; those that met the grading standards and those that fell below the grading standards to be sold at a reduced cost.

ok here is the totals of all for each year which consists of each catagory above
1878-CC=60,993
1879-CC=4,123
1880-CC=131,529
1881-CC=147,485
1882-CC=605,029
1883-CC=755,518
1884-CC=962,638
1885-CC=148,285
1889-CC=1
1890-CC=3,949
1891-CC=5,687
1892-CC=1
1893-CC=1
Various P,O,S=27,980
Various=84,476

So by that chart the 1884 is the most common with 962,638 with 1883 being the second with 755,518 and 1882 being in third most common at 605,029

sorry I am ranting on about this but I am just giving highlights to the ones that do not have the book to read on their own

comprehensive catalog and Encyclopedia of Morgan and Peace dollars" by Leroy C. Van Allen & A. George Mallis

thats what I call a good investment, pay $15.00 in 1974 or 1980 and sell them today for $200+. Thats about like finding a high leaf/low leaf quarter or a speared bison nickel in a roll of coins you got from the bank

Bryan, very good recapitulation of the GSA Morgans (and Peace dollars - I also wasn't aware of GSA Peace $$, but then, I've never paid too much attention to 20th century silver dollars).

The numbers certainly explain the relatively low values of 1882, 83, and 84 Carson City GSA Morgans, at least in MS-64 and below. At MS-65, the values start to creep up at bit and at MS-66 and above, there's a sharp jump in value. I suspect the ebay sales prices of GSA NGC MS-64 and below 82, 83, and 84-CCs will continue to be low for a number of years with maybe only a slight climb until enough have been cracked out of their original GSA/NGC-graded holders to create a shortage. Then, after someone has written an article in Coin World or Numismatist about the shortage, the value will leap! And PCGS and ANACS GSA Morgans without the GSA holders will be left behind in the dust. In other words, for the moment, GSA-holdered Morgans are "sleepers". It would behoove the wise investor to stock up on GSA CC Morgans. Mark these words...

Fred