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 Replies: 12 / Views: 6,488 |
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Valued Member
United States
75 Posts |
I've done a little research on this matter but I'd like to run this by everyone and see if I missed anything.
If you had some GSA Morgans ('82-'84 CC) in the original mint case and you wanted to have them graded this is what you could expect:
NGC: Coin left in case, grade annotated with sticker.
PCGS: Coin removed from case, GSA annotated on their holder label.
Anyone have any experience with this? Any regrets or advice?
Thanks.
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Pillar of the Community
United States
603 Posts |
I do not know what PCGS does, but NGC doex put a wraparound sticker across the bottom. I have one graded by NGC, and my choice would be NGC, because I like that they are left in the holder.
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Pillar of the Community
United States
1984 Posts |
From an esthetic standpoint, I prefer NGC. A GSA coin in a PCGS slab and not its original packaging doesn't cut it for me, but that doesn't mean the market feels that way, as PCGS graded coins still command premium in the sight-unseen market. Depends on what's most important to you, but if I were putting together a set of GSA Morgans I would want to keep them in their original packaging,
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Valued Member
 United States
75 Posts |
Thanks for the feedback.
I do think it's interesting that NGC is willing to offer a grade after inspecting the coin encased in its own plastic.
So it doesn't surprise me that PCGS would prefer to remove the coin, inspect it and then re-encapsulate it in their own holder. That seems a little more rigorous to me and probably why they seem to carry more weight than NGC.
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Bedrock of the Community
United States
12437 Posts |
I would much rather have an NGC GSA Morgan as well. PCGS may think they are being more rigorous, but the whole point of a GSA Morgan is the black slab that it was issued in! Without that black slab, it is just another generic Morgan. I do not think that these coins need as much scrutiny as others becuase they were all fresh from Mint bags and spent their time since minting in Treasury vaults- there was never an opportunity for them to be "messed with" in any way.
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Valued Member
United States
75 Posts |
I see your point about the black slab carrying a premium.
These coins do have a unique history.
Thanks again.
:)
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Pillar of the Community
United States
860 Posts |
You might also consider the wording on the NGC wrapper. They do not guarantee the grade, etc...since it isn't their holder, whereas I assume PCGS still does.
Jim
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Pillar of the Community
United States
1130 Posts |
Definitely like the NGC method. That original gov't holder is a big part of the coin.
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Bedrock of the Community
United States
14454 Posts |
for me if I was to send GSA Morgans in for grading (and I have done this before) the only company I would use was NGC because they leave them in the original plastic holders and use the wrap around labels, no other TPG does this and in my opinion makes them just a regular coin in the TPG's plastic and no longer a GSA coin no matter what their label says. As long as its still in the GSA plastic no one can argue that its not a GSA coin |
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Valued Member
United States
75 Posts |
Excellent comments from everyone, Thanks.
It seems there's a consensus in favor of NGC.
:)
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Pillar of the Community
United States
1424 Posts |
If there are fake Chinese coins in fake TPG holders how can anybody be sure a GSA holder is legit? |
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Valued Member
United States
75 Posts |
I did have the same concerns, but I bought them from a reputable antiques dealer.
As for how can I guarantee their authenticity when I try to sell them, well, I dunno.
I'd say that perhaps the GSA market is a little smaller than the overall "slab" market and therefore it wouldn't be worth their time to counterfeit a holder *and* a label.
But I really don't know.
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Valued Member
United States
377 Posts |
I am about 4 months late but, I sent a GSA Morgan to PCGS It came back in a PCGS holder with GSA designation
and they returned the original holder. So I have the original packaging
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Replies: 12 / Views: 6,488 |
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Posted 09/19/2008 07:02 am
