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 Replies: 8 / Views: 1,349 |
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Valued Member
United States
220 Posts |
Folks, I don't know if I'm in the right category for this question, but here goes. I have an 1884 CC Silver Dollar in what appears to be an original case (photo 1) which is labeled "UNCIRCULATED SILVER DOLLAR". (The obv/rev photos do not capture the strong strike or excellent luster of the coin. Since inheriting it, I have not removed it from the sealed package. In examining it through a loupe, I can see a little damage in the form of a moderate scratch on the cheek and a few small light dark spots on the obverse. Thee reverse has a few very small scratches to the right of the eagle's left wing. There also appears to be a "notch" on the reverse rim at about the 10 o'clock position. Could someone please educate me on how these flaws occur if a coin is "uncirculated"? Also, could some of you offer grading estimates? Thanks. Bill    |
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Pillar of the Community
 United States
6528 Posts |
Edited by Keith67
03/13/2021 09:28 am
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Pillar of the Community
 United States
5667 Posts |
It's a nice, original mint state CC Morgan in a GSA holder. The mark on the cheek and other surface marks are bag marks caused by contact with other silver dollars, not from circulation. I don't see a notch on the reverse rim, just the tab from the holder. It looks to me about an MS-63. Leave it in the holder, which gives it a premium.
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Bedrock of the Community
United States
94367 Posts |
Agree, should stay in that holder. Pics showing more light on the obverse fields would help.
Edited by Coinfrog
03/13/2021 10:00 am
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Pillar of the Community
United States
4469 Posts |
You can send the coin and holder in for grading and NGC or PCGS will put a grade sticker on the holder, but a MS63 grade on a GSA holder will not add any value to the coin.
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Valued Member
 United States
220 Posts |
OK. Great info and advice.
Thanks.
Bill
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Pillar of the Community
United States
3343 Posts |
PCGS estimates that 980,000 out of an original mintage of 1.1 million 1884-CC's still exist. Before the GSA release it was a rare coin in MS63 and higher. Now it's on a par with the very common 1878-S, both with about 50,000 graded MS63 and higher by PCGS. It still commands a premium due to the CC though. And the number of GSA coins that PCGS has graded is only 5-10% of the total GSA release of 962,000 uncirculated 1884-CC's. Having yours graded would not be worthwhile unless it were MS65 or higher. This article from Southgate Coins provides an interesting history. There were so many of the coins that GSA held multiple sales, starting in 1972 and not finished until 1980. https://www.southgatecoins.com/gsa-...oard-history"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
03/13/2021 2:16 pm
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Valued Member
United States
220 Posts |
thq,
Thanks for the additional info and advice.
Best,
Bill
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Pillar of the Community
United States
3638 Posts |
Genuine GSA UNC 1884-CC. The obverse is MS-63, the reverse looks MS-64, net grade likely MS-63.
As others have said, there isn't anything to be gained by sending it to NGC or PCGS. There is a solid market for the GSA coins in their original holders.
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Replies: 8 / Views: 1,349 |
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Posted 03/13/2021 09:32 am
