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 Replies: 31 / Views: 7,553 |
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Bedrock of the Community
United States
11951 Posts |
I am reading a lot of good ... Interesting opinions.
Making me want to go out and buy some more Morgan's
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Pillar of the Community
United States
1450 Posts |
I would like to buy all the GSA CC Morgans I could afford. I am nibbling all around the more expensive morgans. I am willing to buy most in AU condition if I can get them certified, graded and slabbed. The difference between EF and AU for raw coins is mighty wide online. If the coin is basically EF but has some shine and luster to it I will buy it unless it is a rarity. I don't like to buy dull coins but I have and am sure I will to complete a Morgan set minus the impossible. I think Morgans, high grade Walkers, High grade Peace dollars, high grade Buffalo's and Mercury dimes will always have a market All the early 20th century silver coins and 18th century American silver coins will also have a market it they are in at least VF condition. People just love these coins. I hope I can stay alive for another 15 years to get satisfaction of making a little money on these coins when I cash out my chips or my estate can make a buck. |
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Pillar of the Community
United States
937 Posts |
Quote:We're not talking about TPG holders Tryna. These are historically significant holders that add big premiums all by their self I know exactly what is being discussed. I remember when they came out. and what I said applies. |
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Pillar of the Community
United States
7390 Posts |
Well then, I beg to differ. And who cares about when they came out, it's about what the market of today tells us.
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Bedrock of the Community
United States
11951 Posts |
Quote:
Are you collecting holders or coins?
if coins - the holder should not matter
If holders - then the coin should not matter In this case both the coin and the holder matter. For both GSA and Redfield. For coins of the same grade, they will sell for more when they are in the holder. |
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Pillar of the Community
United States
937 Posts |
Quote:
Well then, I beg to differ. And who cares about when they came out, it's about what the market of today tells us. It only matters if the holder is important to you. The market tells us that there is a group of collectors that collect holders. When one pays a premium because the coin is in a black Redfield holder, questions which is better a red Redfield or GSA he is collecting holders. At least be honest with yourself. |
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Pillar of the Community
United States
7390 Posts |
I am being honest and you are missing the point. It's about the history these holders tell us about the coin. The statement of buy the coin not the holder does not apply to certain holders period. Just like say WTC recover holders. Sure, it's just a PCGS holder but it indicates the coin had a historic event thrust upon it and history is a main focal point to this hobby. Without such holders the coins would lose the association with said historical event. It's pretty simple
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Pillar of the Community
United States
937 Posts |
Quote:
For coins of the same grade, they will sell for more
when they are in the holder. GR58, you almost made my point right there when you pay more because of the holder you ARE PAYING FOR THE HOLDER. |
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Bedrock of the Community
United States
11951 Posts |
These holders tie the coins to the hoards.
It is not like First strike or early release labels.
If a collector had a 1889 CC GSA Morgan, would he sell it
as a 1889 CC Morgan or would he sell it as the only one
1889 CC Morgan in the GSA hoard. It needs to be in the original holder, with box and paper work. This one went out
with a letter saying it was the only one.
Some collectors like having coins that are connected to
historic coin collecting events.
GSA, Redfield, Binion, Pouge, Newman, saddle back ridge,
Cheerios, Goodacre, SS Central America, Atocha, El Cazador,
The list could be endless ... but if you want a coin associated to any of these events ... you will want
it to be in the proper holder.
With coins like these, you will pay more because the coins are tried to the event.
Edited by GR58
05/17/2016 4:38 pm
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Pillar of the Community
United States
937 Posts |
Quote:
I am being honest and you are missing the point. It's about the history these holders tell us about the coin. The statement of buy the coin not the holder does not apply to certain holders period. Just like say WTC recover holders. Sure, it's just a PCGS holder but it indicates the coin had a historic event thrust upon it and history is a main focal point to this hobby. Without such holders the coins would lose the association with said historical event. It's pretty simple I am Missing the point ? Title of thread: GSA or Redfield Hoard? From the OP: Quote:
My question is which hoard has better potential for increased value in the future. When spending this much on a coin I have to think of investment value as well.
What price range is descent for the red(MS65) and black(MS60) slabs on the Redfield coins? These coins are all over the place in prices and I only have around $350.
What is the concern? The holder. No questions about the coin in the holder, just questions about which holder will be worth more in the future. Quote:
It's about the history these holders tell us about the coin. There is that word again. You are paying for the holder to hold the holder to have the holder. And before someone goes on about it It is not the same as the box a toy came in or the dust jacket of a James Bond book. They were part of the item from the factory if they are not there the item is incomplete. AN 1883 CC dollar is not incomplete without a GSA holder. If you like holders than collect them Just be honest with yourself about it. |
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Pillar of the Community
United States
7390 Posts |
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Pillar of the Community
 United States
2403 Posts |
I don't collect holders I collect Morgan dollars. As it happens there are several Hoards that are significant in the Morgan dollar collector world. The only way to get one of these coins and make sure it is an actual hoard coin is to by it in their hoard slabs. |
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Bedrock of the Community
United States
17884 Posts |
Quote:
AN 1883 CC dollar is not incomplete without a GSA holder. True, but if you want one from the GSA hoard it IS incomplete without the holder. You can say you are collecting the holder, I would say you are collecting an historical coin and the story behind it. I always find coins that have stories to tell to be more interesting. |
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Pillar of the Community
United States
2403 Posts |
Quote:
, I would say you are collecting an historical coin and the story behind it  100%. It is the history of these coins that make them interesting. They just happen to capture part of the history in these slabs. |
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Bedrock of the Community
United States
12057 Posts |
Tryna, the provenance adds value, not the holder.
A Redfield coin will command a premium whether raw, PCGS, NGC, Paramount, or Joe Blow as long as it is documented to Redfield.
Same thing with GSA coins, whether raw, cut out of soft packs, in OGP, in a PCGS/ANACS/NGC holder/label...the provenance from the GSA hoard adds the value, not the holder.
If I buy a Redfield Morgan I am not paying more for the holder -- I am paying for the PROVENANCE.
The holder simply makes the provenance easier to verify than someone who has a raw coin that claims it's ex-Redfield.
Is a $20 Saddle Ridge gold piece really worth multiples of its non-hoard sister coins in the same grade and of the same date?
Yes, if you value history and provenance, no, if you only care about the date and the grade.
The history adds the value. The provenance adds the value. The holder is simply a reminder of both of the former.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Replies: 31 / Views: 7,553 |
First Page
Posted 05/12/2016 6:00 pm
