GSA Silver Dollars

They're a solid investment in original packaging. People have been busting them out of that packaging to put in slabs for years, and it's recognized that original GSA packages are much rarer than before.

I don't think you can go wrong with any GSA Morgan as long as it has the box and paper work with it (even though you can purchase separately all the time) and at the price you mentioned I am guessing it would be 1883-1884-CC GSA Morgans you are looking at and I don't remember them selling for much less than that since I have been collecting them so I would say they would probably be something that you wouldn't really have to worry about losing money on at that price. I think I have about 20 or 30 in the SDB that I purchased about 6 or 7 years ago and I think I paid close to that amount then for them. If you ever get one graded I would go with NGC because they are the only ones I know of that will keep the GSA Morgans in their original GSA packaging

Well right after the sales ended in 74 they moved to about the $70 level and then did absolutely nothing for about 25 years. Then they made a huge jump to the $200 level around 2000, settled back to the $185 level where they have now sat doing nothing for twelve years, for a return on investment of 0% or a loss of about $90 due to inflation since 2000 if you bought them then.

If you bought them in 1974 then they have grown by a little less than 3% per year and you've only taken about a $22 loss to inflation.

If on the other hand you bought them in 1999 when they were still $70 you would have a 9% per annum rate of return and would have beaten inflation by roughly $90. (If you had bought in 99 and sold in 2001 you would have had a 40% return on investment and would have been ahead of inflation by about $115.)

Timing is everything.

The only true investment grade GSA dollars, CC or other mints, are those NGC graded MS-64 or higher in the original packaging with the certificate. The 1882, 1883, and 1884 CC's in MS-63 or less are still quite common and if you're looking just to have a CC dolar in a GSA holder then one of these is your least expensive choice but don't expect them to appreciate too much over time.

Bryan1315 is correct, NGC is the only grading service which will leave the coin in its original package and wrap their certification label around it.

Ed
ANA LM-3175

I love the GSA CCs. I'm my opinion they are more of a long term investment, but I doubt you would lose money. If I was rich Id be buying up 1885 CCs for sure and see what there worth in 20-30 years.

I have 2 GSAs (1883cc, 1884cc) I'm about to put on ebay but I keep thinking I should get them graded first when I see ones that come back graded like this one: http://www.ebay.com/itm/1883-CC-GSA..._2512wt_1344

OK I misinterpreted your first post.

The question then is what is meant by a "fair price" or "overpriced"? A difficult question especially when if we are to divorce it from the question of future prices. In that case all I can say is that a coin is "fairly priced" when it is price closely to prices widely quoted for similar coins, and overpriced when the dealer is asking well over the price of similar coins. So if the 1882 CC you are looking at is priced in line with other similar coins from other dealers, then it is fairly priced.