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GSA Soft Pack Catch 22

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damcon3's Avatar
United States
93 Posts
 Posted 03/04/2015  4:09 pm Show Profile   Bookmark this topic Add damcon3 to your friends list Get a Link to this Message Number of Subscribers
I picked up a 1922 GSA Peace dollar for a bank braking $20. The coin appears to have a great strike, but has some pvc contamination. Most of the value from this coin comes from the softpack. If I open it to acetone it will it kill the value?

GSA-Soft-Pack-Catch-22

GSA-Soft-Pack-Catch-22

GSA-Soft-Pack-Catch-22

GSA-Soft-Pack-Catch-22

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SsuperDdave's Avatar
United States
23522 Posts
 Posted 03/04/2015  4:14 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Opening it kills the value. I'm not sure how a sealed plastic bag will allow PVC contamination, though. 1922's in GSA Soft aren't uncommon for the type. You wouldn't be leaving a *ton* of value by opening it, although you know as well as I they're appreciating.
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westernsky's Avatar
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7618 Posts
 Posted 03/04/2015  4:14 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
Yes...it will absolutely KILL the value as you will lose the GSA provenence if you remove it from the holder.

There are times when it is best to leave things alone...this is one of those times!
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damcon3's Avatar
United States
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 Posted 03/04/2015  4:16 pm  Show Profile   Bookmark this reply Add damcon3 to your friends list Get a Link to this Reply
The coin appears to have a thin layer of yellow funk over the entire surface. I wonder if it came out of a smokers home. I am also not sure how sealed it is as there small perforations in the plastic.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 03/04/2015  4:23 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
I wonder if it came out of a smokers home.


Most GSA coins never left the Mint from the day they were struck. Some few circulated examples made it back to storage; they were what the Soft Packs picked from but anything that "looked" circulated went there too. In your shoes, I'm looking really, really closely at that stuff o see what it actually is. PVC is a non-zero possibility but way down the probability list.
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Dar's Avatar
United States
1476 Posts
 Posted 03/04/2015  5:05 pm  Show Profile   Bookmark this reply Add Dar to your friends list Get a Link to this Reply
Would his situation call for getting it TPG'd and conserved in order to authenticate the coin?

Would that help it from a loss in value at all?
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 Posted 03/04/2015  5:15 pm  Show Profile   Bookmark this reply Add Tryna to your friends list Get a Link to this Reply
As I do not collect holders I would like to ask, What is the premium involved here?
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westernsky's Avatar
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7618 Posts
 Posted 03/04/2015  5:54 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
The coin itself is not rare and cleaning it or trying to conserve it adds nothing to the value. The value is that the coin is STILL IN THE GSA HOLDER! In the holder it's worth 40 to 50$.... out of the holder it is a 20$ coin on a good day.

The coin in a GSA holder has provinence to an era when the last great silver dollar hoards that the Treasury held were released (1970's).

Enjoy it as is and leave it alone!
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SsuperDdave's Avatar
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 Posted 03/04/2015  6:12 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
The premium is sizable; enough cross the block on ebay to get a feel for what people will pay. There's a 1923 going unsold at $89, and three 1922's like yours currently up for bidding.
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smokeriderdon's Avatar
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3755 Posts
 Posted 03/05/2015  01:19 am  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
I am in the DO NOT remove that coin camp. As mentioned, it is at least half the value. And a nice pick up that is at 20 bucks.
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