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 Replies: 18 / Views: 1,264 |
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Pillar of the Community
United States
3233 Posts |
I'm helping a friend of a friend out in valuing a collection she recently acquired. She wants a realistic value when she goes to sell the items to a dealer, not retail. For the most part, I'm fairly confident on valuing the vast majority of the collection. However, the GSA morgan has me scratching my head. I haven't seen the coin in person but will soon and I'd like a pretty good idea of the likely valuation range ahead of time. I've attached the photos she gave me. They're not that great but good enough for a rough go at a valuation. You can tell this is simply labeled as "Silver Dollar" (not Uncirculated) by the GSA and they noted that it's a "cull". I think the obverse is a little fugly. I'm not sure what's going on with that spotting (any ideas?). I did try looking through recent ebay sales, but only found one possible example while all others were for the better GSA holders. What would be a reasonable wholesale value on this (let's assume the sight-unseen market)?    Edited by Prethen
06/24/2024 09:04 am
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Pillar of the Community
United States
3342 Posts |
I'll go with $200, though $100-150 wouldn't be unexpected. Interesting that GSA sold it with no-returns.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Moderator
 United States
56855 Posts |
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Valued Member
United States
465 Posts |
It's hard to tell from the pictures but it looks like it may have been culled for undesirable toning.
I think $300 minimum. Maybe $350.
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Pillar of the Community
 United States
3233 Posts |
Quote:
I think $300 minimum. Maybe $350. I appreciate the response, but those values look like strong retail, not what a dealer might pay. The one ebay sale I saw on a similar coin was $200 and that is essentially full retail. Perhaps it was a flook and way too low. This would be a lot easier to value if it was in the standard "Uncirculated" GSA holder. Edited by Prethen
06/24/2024 10:33 am
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Pillar of the Community
United States
4468 Posts |
The coin essentially is in a GSA details holder, and is a negative to the value of the coin. The example has white untoned areas and dark spotting from toning that is a negative on pricing. I am putting the value under $200. The dealer who buys it may consider cracking and dipping the example.
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Pillar of the Community
United States
3233 Posts |
Quote:
The coin essentially is in a GSA details holder, and is a negative to the value of the coin. That's interesting, I always thought that GSA holders give more prestige to the coin rather than having it simply raw. I agree that if it actually is fugly toning, perhaps a proper dip would help. |
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Pillar of the Community
United States
3848 Posts |
I believe wholesale trading is around $270 for common 82, 83, 84 GSAs. Quote:
The coin essentially is in a GSA details holder, and is a negative to the value of the coin. Not true. All boxed GSAs are sold sight-unseen by date/mint for the same amount, doesn't matter whether they are labeled as uncirculated or not. Perhaps you heard that from a small time dealer, but the market-makers for these do not segregate them (unless they are being sold to big clients who demand untoned coins). Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
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Pillar of the Community
United States
4468 Posts |
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I agree that if it actually is fugly toning, perhaps a proper dip would help. The dip would be for a dealer to evaluate as there are risks on a dip, because it could lift the top layer of metal where there is dark toning that turn into white spots. If the coin was in a straight graded MS63 PCGS holder, the value would go up. |
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Pillar of the Community
United States
4468 Posts |
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I believe wholesale trading is around $270 for common 82, 83, 84 GSAs. Would you pay $270 for the coin? I would be surprised if the OP walked the coin into a local dealer that $270 would be the offer. |
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Pillar of the Community
United States
3233 Posts |
I really appreciate the responses thus far.
So far from what I'm seeing, a low bar expectation might be $200. The dealer carries some risk in trying to move the coin as-is without trying to dip it and seeing if it can be raised to maybe an MS63 but then as a raw coin without the GSA provenance. There are a lot of GSA coins available and not normally with this type of situation (i.e. in just a "Silver Dollar" holder with the toning going on here).
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Pillar of the Community
 United States
4587 Posts |
Cull in numismatic terms and cull as in the GSA culled it - are different things.
Also recall that the classification was done by GSA clerks after a few hours "training".
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Pillar of the Community
United States
3848 Posts |
Just checked our (Stack's Bowers) wholesale buy price and it is $285 for common date GSAs. Quote:
Would you pay $270 for the coin? I would be surprised if the OP walked the coin into a local dealer that $270 would be the offer. If the OP had a decent handful I would pay $270 each. The OP also asked for wholesale market value, and that is a few percents from retail. A snobby lowball small local coin shop dealer would offer much less because he would want to make 50% profit. Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
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Bedrock of the Community
United States
94367 Posts |
Closeup pics needed for evaluation.
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Pillar of the Community
United States
3848 Posts |
Quote:
Closeup pics needed for evaluation. Not for what he is asking, a sight-unseen price!!  Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
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Moderator
United States
187524 Posts |
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Not for what he is asking, a sight-unseen price!!  From the OP: Quote:
What would be a reasonable wholesale value on this (let's assume the sight-unseen market)? |
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Replies: 18 / Views: 1,264 |
Posted 06/24/2024 08:57 am
