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 Replies: 11 / Views: 2,036 |
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Valued Member
United Kingdom
115 Posts |
Hi all, I have a slight dilemma, I have acquired an 1884cc Morgan dollar in a GSA slab, I paid £140, about $231. As some of you may or may not know I am fairly new to collecting and I like to keep all my coins in one place (coin cabinet) the GSA slab doesn't fit. Do I crack it open and place the coin in the cabinet, or is this not the done thing in the Coin World, I know the final decission is down to me, but the expert advice from you guys is much appreciated.  Thanks |
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Valued Member
United States
51 Posts |
is the slab from a grading service if so I would advise not.
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Moderator
 United States
23731 Posts |
These GSA slab add value to the coin, so if it was me I would leave it in there.
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Pillar of the Community
United States
1415 Posts |
b17commander,  to CCF Leave it alone. I see no reason to break it out. You can send it off for certification, but not necessary |
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Pillar of the Community
United States
2541 Posts |
My advice: buy a bigger drawer. Don't crack it out of the slab. These are quite desirable and will be more attractive in the secondary market than the coin by itself.
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Bedrock of the Community
United States
12437 Posts |
That black slab means that your Morgan was sold in one of the GSA Treasury sales in the 1970s. These were the Morgans that survived without being paid out in circulation and all of the mass meltings, the bulk of the sales were composed of CC dollars in beautiful MS condition. If it was just a piece of plastic from another TPG, then by all means crack it out but these GSA slabs are/were a piece of American numismatic history and it cannot be replaced. Only one TPG, NGC, will actually grade these coins in the original black slab(a tamper-proof adhesive label is added to the slab) while all others crack them out and pedigree them on the slab label. |
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Valued Member
 United Kingdom
115 Posts |
Thank you all for your advice.
You can all rest assured that after reading your replies, I won't be cracking it open. It will stay in it's slab and take pride of place on my shelf.
Thanks
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Pillar of the Community
United States
6381 Posts |
One more point: the vast majority of mint state Carson City Morgan dollars currently in TPG slabs were cracked out of the GSA holders. The pool of original GSA coins gets smaller all the time as more are broken out to be graded. The 1884-CC happens to be about the most common GSA Morgan, but it too should eventually command a premium in the original case. If you have the box and certificate make sure to hold onto them as well. I believe these can be purchased separately on ebay if you are interested. |
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Bedrock of the Community
United States
14454 Posts |
if you crack out the GSA coin it is just like any other 1884-CC Morgan at that point and will lose any value the GSA gives the coin. If you just want a 1884-CC Morgan (they can be pretty cheap because so many still exist in high grades) just sell the GSA and buy a regular 1884-CC Morgan that will fit in the case you have
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Pillar of the Community
United States
1801 Posts |
Jaobler makes a good point. Just look at the price difference in any price guide for CC Morgans that lists GSA dollars. 1879,1890,1891 all list for much higher in an original GSA holder. (Oddly there is almost no premium for the 1884, probably because almost the entire mintage was released in the GSA sales.)
Keep it in the GSA holder, it's a piece of US coin history.
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Pillar of the Community
United States
2540 Posts |
Keep it in the GSA slab, there is an added value.
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Pillar of the Community
United States
2602 Posts |
Wonderful presentation case, rich in history, so I agree keep it in the case. If it doesn't fit, sell it and buy the raw Morgan from the proceeds.
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Replies: 11 / Views: 2,036 |
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Posted 09/08/2009 08:21 am
