If a coin is in a GSA holder and you want to send it to PCGS or NGC why not send it to them to be graded?? Also I heard that if you leave the coin in the GSA holder it will be worth more than in a PCGS/ANACS slab? Some one please explain.
NGC will grade the coin in the GSA holder, which would be a prefered way to have it graded. the GSA holder is an extra layer of colectability on top of the coin itself, strange but true.
So many GSA holders have been sold on Ebay that I don't know if the designation means anything anymore. I sure wouldn't pay anything extra for a coin in a GSA holder.
The coin world prices (which may run a little high) usually show about a $25 premium for GSA holdered Morgans. As far as GSA holders being for sale on ebay, I have seen these, but I thought it would be difficult to get a coin inside and sealed in one of these?
Common-date GSA Morgans don't have as much of an additional premium as they used to, but I believe some GSA Carson City issuess are sought after.
From the sounds of your post you don't reallu understand what a GSA holder is - Click Here - for an explanation. Now, if a coin in a GSA holder is sent in for grading, NGC is the only grading company that will leave the coin in the original GSA holder and grade it. All of the other grading companies remove the coin from the GSA holder and place it in one of their slabs. To some collectors this removes or destroys some of the collectibility of the item. The tend to look at the GSA holder in the same way as they look at original mint packaging and find it highly desirable. To some extent this is because, like mint & Proof sets, a large number of the coins have been removed from these original holders over the years. Many folks also don't realize that there the vast majority of coins sold by the GSA were struck at the Carson City mint and there was 3 diferent types of GSA holders. Nor do they realize that not all coins were Morgan dollars, some Peace dollars were also sold in GSA holders. A great deal of information about the different types of packaging and images of them can be found the following site - GSA Dollars. A listing of the different dates and mints in GSA holders can also be found there. There were approximately 3 million silver dollars sold in the GSA sales. The known numbers for most of the CC dollars is as follows - 1878CC - 61,000 1879CC - 4,100 1880CC - 131,500 1881CC - 147,500 1882CC - 605,000 1883CC - 755,500 1884CC - 962,600 1885CC - 148,300 1890CC - 3,950 1891CC - 5,700 The remainder consisted of approximately 125,000 circulated and uncirculated Dollars from various other mints.
it is for this reason that NON-CC GSA Morgans carry a very significant premium, there are just so few.
Now you're gonna make me work Someplace in my files I have the rest of the numbers, but it'll take some digging. If memory serves, and I can't remember for sure which date it was but I think it was the '93 - there was one only 1 in a GSA holder. Can't remember the other but I'll see if I can find it. One other thing I forgot to mention in these posts but I have posted it before - in the GSA holder that just says Silver Dollar on it instead of Uncirculated Silver Dollar the coins are supposed to be circulated. At least that is the way the GSA intended to differentiate them. Problem is - a lot of them are not circulated, they truly are Unc. The folks they had doing the sorting didn't know coins very well.
There was one each of the 1889-CC, 1892-CC, and 1893-CC. The location of only one of those three coins is known today. (I don't remember which one it is.) It is possible that the other two are still being held by collectors, or they may have been broken out of their holders ages ago by a collector or dealer who didn't realize the rarity of the coin in the GSA holder. If one of the missing two were to appear on the market today I would expect it to bring significantly more than a similar non-GSA dollar would.
Whew !! - sure glad you decided to visit today, I was about give up looking :thumb: I have still haven't been able to find that file :headbang:
