The Last of The GSA Hoard

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To me thats like paying 70K for a Pinto because someone slapped a BMW emblem on the hood. I guess to each their own.
Guy

 

I can just imagine the price tag on any of those 321 GSA Morgans is.

 

Think about this... 1891 CC's are not that rare in UNC. You can get a nice MS63 for around $600. However the last 3 1891 CC's I have sold in GSA cases have brought $1750+ each easily. This is simply because only 5700 of them were ever put in GSA boxes... and most of those 5700 were immediately cracked out of those GSA boxes.

 

Forget the Morgan, I want Guy's Pinto with the BMW schlock.........

 

Call me unwise, but I just can't see paying like that for cardboard. I'm a coin guy. I understand what you and Matt are saying though, and obviouslly to some the packaging trumps the product. I've just never understood why.
Guy

 

Great Thread ! I've long been on the lookout for a high grade GSA original. Can't seem to find a CC at say MS67.

 

As I recall they were first come first served. I don't remember them offering the two coin set, which is why they came as a great surprise the first time i saw them, but the single coins were priced at $40 each if I remember correctly.

 

I love the coins and of course the packaging is pretty awesome.
BUT
Isn't this the same as paying a premium for a slabbed First Strike, Early Release, Anniversary, Signature or Flag coin?

Who here has always insisted to buy the coin, not the slab???

 

I am sort of the same way with errors, to me it would be like buying an old mustang where the factory misinstalled the door handles backwards or something like that.

I understand though the rationale of those things, even though the rationale does not click with me, there are plenty of people who "get it".

It makes it to me if I can also understand that there is some premium, to keep my eyes open for such things.

Who knows, in your travels you might one day visit some little antique shop and see the same packaging and the antique store pricing which is usually high will be very reasonable because the packaging is not listed in common price guides.

 

+1

If these are like MS-60 coins, I wouldn't pay over $100 for that set....unless I knew I could resell it for a lot more.

 

With as few of these that they had, I'll guess there was not a mint mailout to sell them?
If there was I probably have it somewhere.

 

If these do sell, would it be kosher for him to tell us what they sold for after the fact? I'm not looking to buy them from him (and I don't think his intent was to flog them here), but I am curious as to what kind of premium the final GSA sets carry. Before seeing this thread, I had no idea that there was a final GSA sale in 1997.

 

I wouldn't think so. As this is the way they came from the Government and not some company that typed a label. Now I wouldn't pay moon money for this but I'd guess someone will.
Look at it this way, do you like GSA Morgans? Do you pay more for one in the box with the paperwork all being original?

 

can I have some, Doug? please?

 

I smell a segment!!!