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 Replies: 14 / Views: 2,430 |
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Pillar of the Community
United States
919 Posts |
I have many common Morgans graded MS63-65 and looking to get some CC's. I'm trying to decide between NGC graded GSA's and non-GSA's in the MS65 range.
Is there a reason to consider one type over the other (considering two coins that look the same)?
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Valued Member
United States
320 Posts |
That was one of the first questions I asked. I was told people who have the GSA box liked the historic significance of it. I honestly cant stand them. They are to big and bully. I like the nice neat package of ngc/pcgs holders. I started selling my gsa morgans on ebay yesterday. I was also told two different stories as far as value. One was they were worth more, and of course, the other said they are worth less. I was going to break the coins out and send them for grading vs having that band wrapped around them. Maybe one of the pros on this site can teach both of us more. I just wanted to share what was recwntly told to me. Sorry if I didnt help |
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Valued Member
United States
320 Posts |
And thats bulky not bully
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Moderator
 United States
23522 Posts |
Original boxed GSA Morgans are something I rate a "buy" under any circumstance. They've been cracked by the thousands, are still being cracked (note Ant76's comment), and will become rarities over the next 10 years, I think. TPG'd or not, I'd take an original GSA over an equivalent coin ten times out of ten. |
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Pillar of the Community
United States
7619 Posts |
Originality is nice. You can't beat an original GSA shipping box, black box, original card and coin that hasn't been opened 1000 times.
The number of "road weary" GSA's I see is depressing.
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Pillar of the Community
 United States
919 Posts |
Thanks for the replies. I can see both sides of it. I would get NGC because they fit in the original box. Most PCGS coins that I have seen do not even come with the original package. I guess I will start looking. Ant76 maybe I will find yours.
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Pillar of the Community
968 Posts |
Originality for sure, I hate seeing them cracked out of the GSA holders. I own about 20 GSA's myself, and keep them with the box and certs. The historical significance of the GSA Hoard is a great story, and you lose a lot of that story when you break up the original set.
Yes, the presentation is slightly bulky, but the story and originality behind them makes the minor additional storage issues worth it.
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Valued Member
United States
71 Posts |
I don't think there is a right or wrong answer. It is whatever you prefer. When it comes to buying and selling the coins, there are buyers for both. I cannot say that you would ever get a significant premium for a non-GSA holdered coin when comparing the same coin to a coin in a GSA holder. However, if you are speaking of 78, 79, 90, 91, or 93 CC's in GSA holders, you will always get a premium over a non-GSA holdered coin.
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Pillar of the Community
United States
7619 Posts |
Pitt....
I don't recall ever seeing a 93-CC in a GSA holder. I know there was one 89-CC that finally resurfaced 15 or 20 years ago. I remember back in the early 70's when the coins were being sorted (prior to being sold) that it was the only 89-CC in the entire GSA hoard. The GSA "culled" it out and randomly placed it in the mixed CC category and sold it for 15$.
Somebody got a heck of a deal!
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Pillar of the Community
968 Posts |
They acquired one of every date they were missing and put them into the holders for promotional purposes.
EDIT: I read that somewhere but can't find a source to back it up so take it for what it's worth.
Edited by chasingtailbar
08/04/2014 10:42 pm
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Valued Member
United States
71 Posts |
Off the top of my head, I couldn't remember if it was a 89cc or a 93cc in which there was one GSA. I imagine there were lots of surprises in the mail in the mixed CC category. All the treasury bags stories are really interesting. I love reading the articles.
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Pillar of the Community
968 Posts |
Here's the '89-CC  Ahh, found a reference to a '92 and '93 CC from the GSA hoard; http://coins.ha.com/itm/morgan-doll...a/446-2306.s"1889-CC $1 MS64 PCGS. The 1889-CC is the king of the Carson City Morgan dollars. The 1881-CC and 1885-CC have lower mintages, but are far more plentiful in Mint State, principally due to the GSA hoard. Only a single 1889-CC was present in the GSA holdings. The 1892-CC and 1893-CC also had just one representative in the GSA sales, but are available in Mint State compared to the 1889-CC." Edited by chasingtailbar
08/05/2014 01:29 am
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Pillar of the Community
United States
7619 Posts |
Thanks for posting the pic of the 89! I always heard that the GSA had placed a note in the package with the 89 informing the recipient that the coin was the only 89 in the GSA sale. I don't know if that was true or not.
I remember the displays they set up in banks. They had the coins in real nice Capitol Holders shaped like the State of Nevada. I do not remember how many coins, or what dates, they had in them. They had a stack of brochures with bid forms attached by the displays.
It was an exciting time.
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Bedrock of the Community
United States
17884 Posts |
Quote:
Thanks for posting the pic of the 89! I always heard that the GSA had placed a note in the package with the 89 informing the recipient that the coin was the only 89 in the GSA sale. I don't know if that was true or not. I don't know about the 89, 92 and 93 CC's but there was also a 50% off-center CC dollar that was sent out in the $15 category with a note explaining it's rarity and requesting the person to contact the GSA sale to report it. To the best of my knowledge it went out and was never heard from again. Another "one of" in the sale was an 1864 Seated Liberty dollar, the only Seated dollar in the sale. It only graded Good and it went out in the $3 "Miscellaneous" dollar catagory. That piece IS known today and is still in the GSA softpack holder. It sold just a few years ago for a BIG premium, mid four figures. Edited by Conder101
08/05/2014 5:40 pm
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Moderator
United States
23522 Posts |
Quote:
That piece IS known today and is still in the GSA softpack holder. It sold just a few years ago for a BIG premium, mid four figures. That's one time I would pay for the holder and not the coin. |
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Replies: 14 / Views: 2,430 |
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Posted 08/02/2014 10:04 pm
