Scarcity And Pricing Of GSA Morgans

If lower grade 1885-CC Morgan's are expensive and priced not far under higher grades it makes no sense to buy one.
So there they sit,unpurchased!
I personally paid about $50 more dollars for a MS-64 instead of getting one in MS-63.Much higher they really start getting pricey.

CC's have been my fastest sales. Whether UNC, VF, or VG, there is an incredible customer base that is very active.

People are asking prices that are above retail for GSA's, and those are the ones sitting around. If you had a reasonable priced GSA, you'd most likely be able to sell it in a heartbeat.

CC gold has a fast growing customer base, and those coins are definitely harder to find.

Wow!$700 for MS-65 buy it now 1885-CC.
A month or two ago they were around the$1300.00 +++++range.Ones with a clean face could even be higher.
2 months ago I paid $1006.00 for a MS-64 and with tax and shipping almost $1100.00.
The most I ever paid for a coin.

I could swear I saw an MS65 for that in a ANACS holder earlier today, but this PCGS MS64 for $700 OBO could have been it.

https://www.ebay.com/itm/295095670509?LH_BIN=1

I remember when an AU 1891-CC $10 eagle sold for $350....the good old days.....

My GSA 1882 was picked up from a dealer in the panhandle of N Florida in 2017. I was a Hurricane Irma evacuee at the time. I wandered into this older gentleman's shop because by the 10th day or so of being out, boredom starts to creep in. I traded some lower value type stuff for the CC, which has great luster for a 63/64 and a bold die clashed VAM, which is what primarily caught my eye. I the deal was ultimately two bored guys finding something to do. I think he'd been parked on those GSAs for a while and most anything seemed like it might sell quicker. I think we both were happy that day.

I've watched the market on these jump during the COVID. I'm struggling to grasp how demand has outpaced supply for these to the extent it has driving up prices because they aren't lacking for supply. The scarcity that $300+ can get me with most anything else makes it hard to give most Morgans 2 seconds of thought these days.

Thanks for the heads up FlyingTiger. Not being a buyer, I just noticed his PCGS claim, though it seemed odd that the slab wasn't evident. Bad photos, bad coin, sneaky pricing, no returns. The extent that sellers go to push their fakes is disappointing.

The ANACS MS65 I saw was $1000, but was actually a mislabeled MS64, on collectorscorner.

Exactly! Wander $300-500 in a coin show and its amazing how much fun one can have if they don't blow it on a GSA Morgan at the first of 2 dozen tables trying to move them along. Bust halves are always fun!

Hoping not to hijack, sorry if I do. found this in a Ft Myers shop's scrap Morgan bin about 4 years ago. I had just secured a new work position, so I popped I to the shop to celebrate for a couple bucks. I appreciated the well worn reverse heading towards lowball territory at the time.



And now back to our regularly scheduled GSA CC programming.