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 Replies: 12 / Views: 1,577 |
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New Member
United States
3 Posts |
we have a cleanout service where we get homes ready for sale we cleaned out this house and found this silver dollar in there I dont know anything about coins what would be the value of this coin? does the value go up if I get it graded thanks for the info in advance https://www. Dangerous site - not allowed! /s/hg9bzurws6s89qt/IMG_20160629_124602.jpg?dl=0 *** Moved by Staff to a more appropriate forum. *** |
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New Member
 United States
3 Posts |
https://www. Dangerous site - not allowed! /s/hg9bzurws6s89qt/IMG_20160629_124602.jpg?dl=0
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New Member
United States
3 Posts |
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Valued Member
United States
194 Posts |
This coin would be worth about $175 It may go up in value if graded but maybe not as much as the grading fees. Got another picture of the reverse or back of the coin ? Please upload if you do. Louis
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Pillar of the Community
United States
2403 Posts |
 To the CCF Great Find! While a common date CC Morgan. It is still a MS CC Coin. A great score for any coin collector. GoldenIsles is right , these tend to start around $175. This Is Known as a GSA Morgan. GSA is the name of the hoard it came from. This one was released in the early to mid 70s (I believe) from the US Mint. In this case the slab that the coin is in is just as Important as the coin. Do not take it out. Does it have any paperwork in the box...like a COA? Edited by MontCollector
06/30/2016 1:47 pm
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Bedrock of the Community
United States
94367 Posts |
GSA = General Services Administration, the federal agency that oversaw the original disposition of these dollars.
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Pillar of the Community
United States
2403 Posts |
Quote:
GSA = General Services Administration Thank you. I keep forgetting to look up what GSA stands for. |
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Bedrock of the Community
United States
94367 Posts |
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Pillar of the Community
United States
992 Posts |
This was one instance where GSA did a good job selling off Government surplus property, they effectively marketed the Morgans and got a good return for the Treasury.
Most of the time, GSA spends more money on administrative costs and overhead than it's able to recoup in the sale. I think the Treasury silver dollars and old Federal sites in urban downtowns are about the only places where they make a 'profit'.
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Pillar of the Community
United States
1450 Posts |
Have you noticed the 1889CC is much more expensive than 1885CC even though the mintage for the 1885 is almost 100,000 lower. 1893CC is also expensive and there were 677,000 minted. 1892CC is also pretty expensive in MS and 1.3 million were minted. 1880CC is not so expensive and less than half a million were minted. Every coins has a story. What gives with these mintages and values?
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Pillar of the Community
United States
2403 Posts |
@terry8835- I believe it isn't just about the total number minted. It also has a lot to do with total numbers available today in MS condition. LOTS of MS 1882-1884CC Morgan dollars available in MS condition means price stays on low(it is still a CC Dollar so low is relative) to mid range. Fewer MS available for other years means prices are higher on those.
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Pillar of the Community
United States
7390 Posts |
Nobody notices the possible retained sawdust strikethrough and other 2 unretained ones?... Discuss  Oh, wait, you guys need better pics first  Edited by Cascade
06/30/2016 11:14 pm
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Bedrock of the Community
United States
17884 Posts |
Quote:
Have you noticed the 1889CC is much more expensive than 1885CC even though the mintage for the 1885 is almost 100,000 lower. But what is important is the survival rate. 350,000 1889 CC dollars went into circulation and most of them were lost over the years. Only 79,715 1885 CC dollars went into circulation, and most of them were also lost over the years. If you were to go back and look at values before 1960 you will probably find the 1885 listed at a higher price than the 1889. But 65% of the entire mintage of the 1885 CC dollars was contained in the GSA hoard. There was only 1 1889 CC dollar. Which means that today there are nearly 150,000 1885 CC dollars available, and only a few thousand 1889 CC dollars. The 1892 CC and 1880 CC have similar stories. There was only 1 1892 CC dollar in the GSA hoard so the only survivors are the few that survived from circulation. 131,529 or 22% of the entire mintage of the 1880 CC dollars were in the hoard. Before 1960 1884 CC dollars were rare. The GSA hoard held 85% of the entire mintage |
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Replies: 12 / Views: 1,577 |
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Posted 06/29/2016 8:58 pm
