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82,83,84 CC Morgan - GSA Hoard

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hybes's Avatar
United States
183 Posts
 Posted 03/24/2011  7:54 pm Show Profile   Bookmark this topic Add hybes to your friends list Get a Link to this Message Number of Subscribers
I have an opportunity to buy the three coins for $750. All come in origional packaging with COA. I am not a top notch grader by any means but I did notice some scuffs on the cheek of all three coins and a few scuffs here and there mostly on the obverse. I would guess 2 graded out ms64 and 1 ms63. What do you guys think?

I know photos would help but I don't have that option at this point but I will work on it.
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rachums107's Avatar
United States
3345 Posts
 Posted 03/24/2011  8:19 pm  Show Profile   Bookmark this reply Add rachums107 to your friends list Get a Link to this Reply
I would buy them if I had the money, they're only going to get more valuable from now on.
Which coins were which grades?
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hybes's Avatar
United States
183 Posts
 Posted 03/24/2011  8:24 pm  Show Profile   Bookmark this reply Add hybes to your friends list Get a Link to this Reply
82 ms63
83 ms64
84 ms64
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BH1964's Avatar
United States
10982 Posts
 Posted 03/24/2011  8:36 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
If they're all in the GSA holders and ungraded, they would have to look really good for me to pay $750 for them. That said, the asking price of $750 is typical and if they look good to you - go for it.
ANA #R3154474
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United States
1547 Posts
 Posted 03/24/2011  10:04 pm  Show Profile   Bookmark this reply Add eddiespin to your friends list Get a Link to this Reply
You've got around $700 right there if they only go MS-62, and that's exclusive of the GSA holders and documentation. If they're in "Uncirculated" holders, so much the better, as those, supposedly, were the cream of the crop. You've got the green light. Step on the gas!
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United States
1547 Posts
 Posted 03/24/2011  10:13 pm  Show Profile   Bookmark this reply Add eddiespin to your friends list Get a Link to this Reply
Oh, and don't you ever take them out of those holders! If you need them graded, send them off to NGC; they'll take care of that, right in the holders.
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Cali_Nick's Avatar
United States
307 Posts
 Posted 03/24/2011  11:10 pm  Show Profile   Bookmark this reply Add Cali_Nick to your friends list Get a Link to this Reply
Ive got a large number of these inherited from my Grandfather and have been paying close attention to prices on ebay and in coin shops. Although all GSA coins will grade pretty high due to their un-circulated nature, the beauty of each coin can vary greatly. By beauty I mean whiteness(brightness), toning, and most important, scratches on the face and fields.

Many of the most beautiful 82,83,84 GSA coins will be graded by a third party and can easily go upwards of $400. Add in some VAM variety and can go even higher. However if the coin is not particularly bright, has no beautiful toning and has scratches on the face and fields, they really should average $200 in retail value.

So I say it really depends upon how much you like each coin. If theres one you find real attractive, go for that one. If not, keep an eye out for more elsewhere.


@ eddiespin

I think only a seller would consider cracking a GSA case, and its because I think an argument could be made that there is the potential to turn a $150 coin into a $275 coin just by switching the slab.
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fenton's Avatar
United States
4989 Posts
 Posted 03/25/2011  08:30 am  Show Profile   Bookmark this reply Add fenton to your friends list Get a Link to this Reply
$750 is $250 a coin. That's not unreasonable for the MS-64 but it is pricey for an MS-63 figure you should be paying about $200 for an MS-63 or a bit less. I wouldn't go more than $230 for an MS-64 personally but, as I said, $250 is not outside the realm of the reasonable and rational for that coin.
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Ham1947's Avatar
United States
1298 Posts
 Posted 03/25/2011  10:11 am  Show Profile   Bookmark this reply Add Ham1947 to your friends list Get a Link to this Reply
I did a quick look at Heritage Auctions "Prices Realized" and you should be able to pickup one of these readily available dates in MS63 for around $170 to $190. And for an MS64 for $180 to $200. Try to get both the original box and coa.
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Bryan1315's Avatar
United States
14454 Posts
 Posted 03/25/2011  5:24 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
these coins are about 150-200 in MS-63 which most of these are so 750 is way to high in my opinion. In 64 it could go for 250.00 a coin. You gave some grades are they graded by NGC ore PCGS? If PCGS I wouldn't even want them because PCGS takes them out of the original GSA holder. If NGC its still a little high to me and I am almost positive you could get the same coins with box and COA and graded by NGC in those grades for less, and you could surely upgrade the MS-63 to a 64 for that price you would be paying for all three


Edit: I just read the whole post and see they werent graded by a reputable TPG, just a guess by you so I am betting all are in the MS-63 range as I said that is what most of the GSA Morgans in these dates grade and in that case they are way overpriced because you can get graded examples for less than they want for these
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biokemist6's Avatar
United States
12437 Posts
 Posted 03/25/2011  5:29 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
I have to agree with Bryan here, you can get them with an MS63 NGC grade and OGP on ebay all day long for under $200, $750 seems way overpriced and is pushing high retail prices.
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3184 Posts
 Posted 03/25/2011  6:05 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
make an offer for like 600-700. I might start getting some GSA CCs sometime soon
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Bryan1315's Avatar
United States
14454 Posts
 Posted 03/25/2011  10:56 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply

Quote:
make an offer for like 600-700. I might start getting some GSA CCs sometime soon

That will still be to much. I would just look for others already graded by NGC in MS-64 for that amount of money and buy them if it were me
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jfransch's Avatar
United States
1801 Posts
 Posted 03/25/2011  11:13 pm  Show Profile   Bookmark this reply Add jfransch to your friends list Get a Link to this Reply
If you choose to buy them (and $750 is way to much for these) make sure they come with the black box and the proper certificates. The first 2 numbers on the cert should match the date.
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aladinslamp's Avatar
United States
3076 Posts
 Posted 03/26/2011  12:59 am  Show Profile   Bookmark this reply Add aladinslamp to your friends list Get a Link to this Reply
the unfortunate this is,,,,,You can buy on ebay to many COA's and the boxes....Does that make a hint of anything?the COA doesn't by any means mean anything for the grade...it only implys that this was in a bag for years and years and SHOULD BE uncirculated.....There is an old addage of..."BUY THE COIN NOT THE HOLDER" is something to be remembered....and for its wisdoom...or wisdom...
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jfransch's Avatar
United States
1801 Posts
 Posted 03/26/2011  01:09 am  Show Profile   Bookmark this reply Add jfransch to your friends list Get a Link to this Reply
What I was talking about is to get top dollar for GSA coins, you need the complete deal. The GSA slab, the box and the cert. The certs don't talk about grade, they are just part of the original packaging. There are hundreds of certs and boxes available because thousands of GSA coins were cracked out and the boxes and certs were discarded. If the original poster pays top dollar for the coins and then has to go out and pay addition 10-20 dollars for the boxes and the certs he is really paying too much.
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