GSA Morgan Silver Dollars: Where Are They ?

a significant amount of cc morgans were purchased by foreign speculators during the gsa sales.

 

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It's been about 20 years ago, I inherited by Dad's coins. There were about 20 or more Morgans, all raw. I got the bug and did something stupid. A bought 10 1921 Morgans in a round plastic case for $500. Supposedly, uncirculated. Anyway, I contacted an coin collector/seller. I was told I would never get my money. By the way, the seller was your friend and mine, Mike.
Then I did something later, that was probably dumb, buy I still like the coins. I saw an ad in Coin World that said if I bought 2 $20 gold St A coins for about $4K, they would send me a 3-set of Morgans. Dumb mistake 2, I thought. I got the gold coins, which were ungraded, but I got the 3-set of Morgans in a set Named "The Wild West Collection". All three coins were in the NGC holder, and the Label "The Wild West Collection" and the serial number for each coin and all three were graded "MS-65".
The first one was a dumb mistake by a newbie and the second one, I think I came out OK?

 

I would agree, Ana...though I'm not an expert on this series I have looked at hundreds of prices in recent months and I think the posts by some of the long-time collectors and dealers here confirms your statement.

There are so many MS63-65's that if you have an MS62 or lower, it's basically "who cares ?"

 

Was that you who posted that "TWWC" pics a while back ? That was interesting !

What coins were the gold "St. A" -- are these Saint-Gaudens ?

In the scheme of things, I think your learning experiences were very modest. You didn't do anything reckless, maybe just a bit rushed.

Big difference !

 

That is the sets post 58. Most intact sets earlier hold a descent premium.

 

First... I don't know what "TWWC" means. Second, They were Saint-Gaudens. They are beauts, raw, but still beautiful. When things settle down, I want to learn how to photo my best coins. I made out like a champ with the Mayflower..3 out of 4.

 

Doug, I know people who still seem to think GSA was an old grading company. GSA, NGC, ICG, PCGS, they're all in the same alphabet soup.

 

The Wild West Collection.

Do you have a smartphone ? Use the default settings....angle the coins a bit towards you standing up....preferably under LED lighting.

 

I never knew why GSA handled them instead of the U.S. Mint. Figured they could use the MSD sales to springboard other stuff.

 

Following advice I think I read in Coin World, I bought a bunch of these in the "discard" group, coins that were either toned or low MS grades. I sold them all a short time later and made money (I kicked myself later for not keeping one of each different date I received). I kept an 1881-CC that I didn't much like the looks of, but it was worth a great deal more than I paid for it (maybe $45). I also held onto an 1883-CC that was colorfully toned and had relatively few bagmarks. I had them both graded by NGC when they started leaving them in the original holders and putting a band around them with the grade. The 1881-CC came back MS64, and I later sold it. I still have the 1883-CC, which I put on here as a "Guess the Grade" coin. Most of you who responded thought it was MS65 or MS65 PL, but NGC thought it was MS66 PL. I love the coin but bought another high grade 1883-CC for my PCGS Registry Set.

 

I can't remember which thread I mentioned The Wild West Collection. Sometimes I forget, only to be reminded that I had mentioned it earlier. Anyway, was that a common setting of Morgan coins? As new as I was, I really thought at that time that it was a "special" setting that only a few would get. I didn't see any reference to it in the Red Book. I don't even remember the outfit that I got it from. I do have a smartphone that I use for only a few things...finding my wife's phone, talking to my wife and looking up something when I'm away from my computer.

 

It's harder to find a common 1882, 1883 or 1884 CC in grades below mint state. But, you could buy a nice circulated one fairly cheap.

 

it's something I'd personally want in it's original packaging. Then again, I literally down own a TPG slabbed coin so I'm biased.

Possibly many owners don't see the point to doing it if they don't have intentions on selling it.....

 

was collecting back then, but could never afford them, even when i was dealing heavily from 1973-1984...i do not think i ever owned one, and might likely never will, lol

 

I just recently started collecting Morgans a few months ago. I was born in 1970. I don't have any CC yet but plan to obtain one maybe two for my birthday.

 

I just haven't gotten around to send them in. I don't belong to PCGS or NGC so I sub if someone allows me to go in with them.

 

You may want to consider waiting awhile for that. The price of those just skyrocketed. I was just at the Summer FUN show and couldn't believe the prices that they were asking. I called my local dealer and he was paying $330. apiece for the 82- 84's. I sold 9 ungraded in the original boxes with the correct cards. He said that they would probably come back down in price, but who knows when.

 

What's he paying for an ungraded 78 with box and paperwork or an 80 in 64 with box/paperwork?