GSA CC Dollar Hoard Sale 4

Can anyone remember back to 1973 and the GSA CC Dollar Hoard sales much better than I can? Apparently, there were some circulated CC dollars sold toward the end of the sale, perhaps Hoard Sale 4, which were not the BU hard black plastic holders with numbers, and probably not the GSA Blue Soft Pack dollars either. Does anyone remember how mid-grade circulated CC dollars were packaged and sold by GSA (if they were)? I'm working on a deal which seems to involve these kind of coins. I'm told they are all in F-XF grade, and in US Mint bags which were sealed. (I'm not able to see tham yet.) I'd appreciate any memories or references anyone can provide. Thanks.

Mark Corey

 

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I shouldn't have implied "bags of coins" as in complete $1000 bags. I mean that they are supposedly in some sort of packaging indicating that they were packaged and sent out from the Mint or GSA. I've been to the site you noted, but he doesn't yet have the details up about GSA Hoard Sale 4. (It says it's a Work in Progress). I think the soft Blue Pack coins (Special Mixed Category) are the ones that you mean were often actually Uncirculated. I certainly agree that those were not graded accurately. Do you remember if there was a third form of packaging besides the regular Black Cases and the soft Blue Packs, used for distinctly circulated coins? Thanks a lot for your help.

 

Four types of holder.

There were three types of hard pack holder and one type of soft pack. (I'm not showing the reverses of the holders.)

GSA 1 officially used for circulated silver dollars both CC and non-CC. In actual practice you will find some Unc non-CC dollars in these holders and a good many of the unc 1878-CC dollars were released in this holder.



GSA 2 This hardpack has United States Uncirculated Silver Dollar molded into the front of the holder. It was unsed for Non-CC Dollars that the GSA rated as Uncirculated.



GSA 3 This hardpack has Carson City Silver Dollar molded into the case. This was used for the CC dollars that had no wear but which for some reason, usually toning, the GSA would not rank as Uncirculated. While the coin shown here has heavy toning the GSA put many coins in these holders that were pretty much blast white but with just a small area of toning.



GSA 4 This is the hardpack that most people are thinking of when they talk about GSA dollars. Now the molding on the front reads Carson City Uncirculated Silver Dollar. These are Mint State CC dollars which are untoned.



These are the only holders that were used in the GSA sales. One other item from the GSA dollar sales that early articles reported were going to be sold were the thousands of mint bags that the coins had been stored in, many of them from the CC mint. Unfortunately after the coin sales actually started I never heard anything again about what finally happened to the mint bags.

 

Guys, this is really helpful! Thanks a lot for the article reference, the pictures and the information! So were the coins in the final GSA sale in 1980 also packaged in one or all of the above ways? Thanks again.

 

The coins in the final sale were all packaged in GSA 4 holders.

 

Conder, Thanks for the great info.

 

Here are pics of original GSA forms

 

Philly Dog,

Thanks for putting those up. Neat!

mcrc

 

Your Welcome

Look who's name is on them Richard Nixon

 

Thanks for that info, Conder!

 

I ordered and received the #1 and #3 packs. Money was in short supply them, so I ordered the lesser cost items. I received a 1883 CC which would probably grade ms64 except for that ugly thumbprint on the reverse. That was the reason it was in the non-unc pack. The #1 packs are stored away but I think they were common date Morgans. Those were exciting times waiting and wondering what you would receive in your order.

 

I got one of the GSA coins as well, an 1882 CC. I look back and wonder why I didn't order a ton of them, but then I remember that the $30.00 was a big deal for me to come up with back then. This is not my most expensive coin now, but it is one that I will never part with.

 

This is some great info on the GSA sales! Thanks for all of the info Conder.

 

Let's just say he had knowledge and he shared it.

PS: That 1878-CC I submitted here for grading not that long ago is a GSA4. I didn't even know what a GSA was then. Now I know more than I need to know.

 

did they ever issue the Morgans during the GSA sales with a blue insert? i got a morgan, not sure of the date i will have to look in the safe when i get home.. but is has the same writing on the front ...

 

I have heard rumors of a GSA hard-pack holder with a blue insert but I have never seen one. (Supposedly it had a peace dollar in it.) If you do have one I would like to see it and get a picture of it front and back.

I got one GSA dollar from their sale back in early 1972. I couldn't afford the thirty dollar coins so I bought one piece from the mixed date CC category. What I got was an 1881-CC, white but with some tan textile toning on the reverse that showed the weave of the canvas bag. It was in a GSA 3 holder.