Does a GSA mention on the slab bring a premium?

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Blarneytitis.

 

What do you mean by that? The Mint removed its own seal or the bank removed it? And if the latter, what if the bank didn't remove it, it just vaulted the bag, and then that bag made it back to the GSA? Why would the GSA need to count a Mint-sealed bag returned from a bank? Explain better what you're saying up there, it's a little ambiguous.

 

But they count them separate, right? They know they're uncirculated, that's why they count them separate? That Mint-seal tells them they're uncirculated and that they get separated from the others and go into those "Uncirculated Silver Dollar" holders while the others go into the "Silver Dollar" holders? There you go. That's how they "graded." Mystery solved.

 

Thankfully, the tellers or whoever is responsible for counting coins and/or currency, has electronic or some other way to count the coins or currency. Now, if you go to your bank to cash a check, the teller takes the currency or coins from their cash drawer and counts it and then counts again when they give it to you. Most tellers I have known can keep a running tally and balance of their drawer. Nowadays, everything is automated. They don't have time to count a roll of pennies.

 

Baloney.....again.

 

But there you go, again. I'm talking about the original Mint-seal when the bags went out from the Carson City Mint to the banks and not the Mint-seal the Mint affixed on the returned bags for storage of those bags in their vaults. And those banks didn't open all those bags they got from the Mint, and neither did all those bags all go out to the banks from the Mint, because the demand for those coins wasn't there. I'm talking about those bags with the original Mint-seals, all those coins in fact were uncirculated. And that's how GSA knew. They knew it from those original Mint-seals never having been breached.

Differentiate the original Mint-seals from the Mint-seals on the returned bags of coins sealed by the banks the Mint had to re-count and re-seal for storage. Those grades of those latter coins in those re-sealed bags the GSA was unsure of, but they knew those coins left and came back. That's what "Silver Dollar" means, they were unsure. And "Uncirculated Silver Dollar" means they were sure. Just from the seals on the bags.

Have we any extant record of the GSA individually examining and grading these coins for wear and absence of wear? I'm talking about record, not assumptions. One would think there would be something, somewhere, if that's in fact what they did. Nothing, anywhere, in terms of record, that's a preposterous assumption, it still seems to me.

 

GSAcollector. gsaguy. RB.

Three of the most knowledgeable, on the subject, and have written extensively, inclusive of the history and examination of the pieces, and how the pieces were separated by simple aspect of condition. There are 2 Dealers that I am aware of that were involved in an advisory capacity at the time.

GDJMSP, there are excellent books and research articles, including the employees present and involved during the process that had written accounts, on the subject.

I hold no malice toward you at all, and only disagree with generalized statements that are misleading for collectors, but the comments at best are questionable subjective comments, yet are perceived by collectors and persons entering the hobby to be authoritative and infallible because of the position and assumed "authority" status of the person opining.

 

I'm immocent, I know nothing!