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 Replies: 24 / Views: 5,529 |
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Valued Member
United States
112 Posts |
I've only been collecting for a year and really enjoy it. MY collection is the 13 Morgan CC's, all in MS state. My question is: I have 3 Morgans in GSA slabs and I want to convert over to NGC certs., so in the end my collection will all be in NGC. Being new, I have this little "inner-voice" saying, "once your GSA seal is broke, thats it. And the other voice says, "your collection will be worth more, and more "highly praised" from others because its all NGC.
I think all NGC certified would be the best way to go, for value. I also realise that a collector could go both ways, and have a collection all in GSA slabs or NGC slabs,(finances permitting). So I need some good experienced opinions. Edited by benchede
01/16/2010 10:47 am
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Pillar of the Community
United States
8904 Posts |
I would not take the GSAs out of their slabs. That's just me. and  to the Forum! Edited by Moe145
01/16/2010 10:23 am
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Bedrock of the Community
United States
14454 Posts |
NGC will leave the GSA Morgans in their GSA holders and just put a band around them with grade and cert number. NGC will not put them in a NGC slab like the rest of the Morgans you have This is what NGC graded GSA Morgans look like  |
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Pillar of the Community
United States
1801 Posts |
I have the full set of GSA CC dollars in their GSA cases (78,79,80,81,82,83,84,85,90,91). I acquired them all 10 years ago or so, long before NGC started offering to certify and grade them in their GSA holders. There is no way I would ever remove them from the GSA holder, they carry a premium value when they can be traced to the GSA release. I have considered sending in to GSA for the seal like Bryan1315 showed above (by the way Bryan, sweet looking 83!!) I have also thought about buying an 89, 92 and 93 in NGC holders just to complete the Morgan CC set. My vote for you is leave the GSA dollars in their GSA cases.
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Valued Member
United States
153 Posts |
I would keep the GSA CC dollars in their cases. I like the look of the GSA cases
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Valued Member
 United States
112 Posts |
All this feedback is great. My main issue is: What full set will return the most value 5-10 years down the road (retirement).
Set 1. a "mix" of NGC slabs and GSA slabs(certified by NGC).
Set 2. a complete slab of all NGC's.
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Bedrock of the Community
United States
10982 Posts |
I would leave them in the GSA holders. Also - only have NGC certify your better pieces. GSA Morgans typically grade 62 or 63 and those are not worth certifying IMO. If you have coins that look like they will grade 64 or better, then send them to NGC in the GSA holder and preserve their pedigree.
P.S. The coin Bryan posted has to be one of the top GSA Morgans certified in the holder. Very few of these will grade 65 or better.
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Pillar of the Community
United States
1283 Posts |
Can someone educate me on these GSA holders? I've seen them and they're nice, but I thought there were just regular holders you can buy. Is there something special about them?
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Moderator
 United States
23522 Posts |
The GSA (Government Services Administration) holders were issued by the US government during sales of their stashed Morgans in 1972-74 and again in 1980. GSA was the agency tasked with putting on the sale. Something around 3 million Morgans were sold in these holders, and people have been steadily cracking them out ever since. It's at the point where Morgans still in GSA holders carry additional value just because of the holder.
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Pillar of the Community
United States
2541 Posts |
I would leave them in the GSA holders. I've never seen anything to indicate that pulling them out of these would be a good idea. I'd purchase one in a GSA holder any day over one in a regular NGC or PCGS slab.
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Valued Member
United States
112 Posts |
The responses are great. Can I also add here that I am also aware that their are a lot of GSA slabs that are "FAKE" out there. How do you tell a fake from a real one?
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Bedrock of the Community
United States
17884 Posts |
I've never seen a fake GSA holder, but I have seen a lot of GSA slabs being sold with COA's that don't belong together.
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Bedrock of the Community
United States
12437 Posts |
There is another similar but smaller black holder out there that is perfectly legitimate, the Morgan dollars from the LaVere Redfield Hoard that were "slabbed" by Paramount International Coin Corp. The coins were sold in the 1970s and 80s before TPGs used all 11 MS grades, black slabs had coins graded Mint State 60 while red slabs had coins graded Mint State 65. In reality, the 60s ranged from 60-63 while 65s would range from 63-65 or higher. Many of the red slabs sell on ebay like they are true 65s but in most some cases the grade is a bit lower than that. Pictured is my black slab MS60  Edited by biokemist6
01/23/2010 12:09 am
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Bedrock of the Community
United States
17884 Posts |
There is a LOT more to the Redfield's. There are three colors of holder not two, six different grade levels, two different types of holder (Paramount and Redfield), and two different versions of the red MS-65 Redfield holders. All told there are eleven different varieties of holder.
Something else that has to be remembered about the grading of the Redfield dollars is that at the time they were sold THERE WAS NO "OFFICIAL" STANDARDS FOR THE MS GRADES. The first written standards for the MS grades did not come into existence until 1978 and even then that was only for three grades 60, 65 and 70. MS-63 and 67 were not added until 1980 and the rest of the grades several years later. To expect coins graded in the early seventies to be graded to the standards defined almost ten years later is unreasonable. I'm not arguing that the MS-65 on these holders won't make the MS-65 of today, but it bothers me to see claims that they "overgraded the Redfield's" because they weren't graded to standards that didn't even exist.
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Valued Member
United States
112 Posts |
Responding to Conder101 infofmation on how and when the Redfields were certified, would a person who has one leave it "as is", because of the possible "PREMIUM" the "red-case" may offer, or have it recertified? Or again, knowing the old grading process and doing a recetifing, you could loose "big-time" on a possible MS downgrade. Is it worth it to keep the red-slab knowing that the premium will cover the MS loss of that old grading system, or will it. Sorry to make this sound so complicated, but being new, the questions I have are many...
Edited by benchede
01/19/2010 10:32 am
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Bedrock of the Community
United States
14454 Posts |
if the coin is cracked out it would lose most of its interest from collectors that are looking for coins from this hoard. They weren't rare by any means but neither was the GSA Morgans but its the story behind it that makes these more collectible in my opinion
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Replies: 24 / Views: 5,529 |
Posted 01/16/2010 10:14 am
