The Redfield Morgans are so well known that they command a premium well over the norm...I don't own any of these, but some collectors are willing to pay a premium to own them.
I have 2 a beautiful 1879s and a peace dollar from redfield collection I would like to combine my GSAs 78,80-85 with later redfield all in their original holders I think you can buy R/Fs in 90-93 yrs and all it would leave is a 79,89
A colleague and I bought quite a few GSA dollars in the second sale, I think. Anyway, we got all common dates except for an 1881-CC that NGC later graded MS64 when they started leaving the coins in the holders. My colleague and I sold all but two of the coins we got for a bit more than we paid. I kept the 81-CC and an 83-CC that I thought was something special grade-wise. I sent it to ANACS back when they were issuing photo certificates, and it came back 63/63 (they graded both sides separately). I sent it to NGC with the 81-CC, and it came back MS66 PL, which is about what I thought it was. I just recently sent it to CAC, but they didn't green bean it. One other coin I got from the sale was absolutely the worst Peace dollar (1922, I think) I've ever seen. Worn almost slick, but I only paid $4 for it, as I recall. I got rid of it as soon as I could, but now I wish I had kept it for the PCGS Low Ball Registry. Between you and me, I think the Low Ball Registry is a scheme to encourage submissions of junk. Or is that junque?
Does everyone accept the premise of this thread as applied to the hard packs? Do GSA hard pack containers really command a premium? Maybe the rarer, low mintage coins do but the 1882 cc, 1883 cc and 1884 cc do not seem to command a premium, since raw coins seem to sell at about the same price. I see sold graded 1882 cc GSA for $215, and non-GSA graded by PCGS in a PCGS holder for $235. Prices on ungraded, raw 1882 cc, 1883 cc and 1884 cc coins are comparable to GSA ungraded coins. I like the GSA hoard because they are "direct from the mint vaults." They were not "circulated." The holders have also maintained the coins well. I do not buy Redfield collection because the holders are not kind to the coins. I see environmental damage with Redfield coins I don't see with GSA coins.
On common date GSA DOLLARS the wholesale pit ice is around $180 usd and the dates 80,81, and 78 are about 600 to 900 usd Not bad
Some in the boxes were supposed to be unc, but they also had boxes for circulated coins as well, and envelopes for circulated coins. There was a difference in the boxes. Those that were supposed to be unc had Uncirculated printed on the plastic. Those that did not have Uncirculated on the box were not uncirculated. https://americanheritagebullion.com...MI6duujqCx3wIVBECGCh0e5AVdEAQYBCABEgIF5PD_BwE https://americanheritagebullion.com...MI6duujqCx3wIVBECGCh0e5AVdEAQYBSABEgLr9_D_BwE
Yes, the coins came from the mint's vaults. But just because they did doesn't mean the coins were all uncirculated. Ya see, it was common practice, still is to a lesser degree, for coins to be turned in to the banks in bulk, and then the banks would turn the coins back into the mint. The mint would then process the coins, bag them up, and out the bags back in the vault. With some circulated and some uncirculated coins in the same bag. The mint didn't care if the coins were circulated or not, that made absolutely no difference to them. All they cared about were that the coins were still suitable for use in circulation. Even today, when you buy a bag of Morgans, it is extremely common for that bag to be a mix of circ and unc coins. Sometimes they may even all be circ coins, or all unc coins.
You are correct, and I have seen the circulated coins, and you make a good point about the coins going to and fro from the banks. I have heard that no GSA in an Uncirculated box has come back less than MS60 from a TPG. GDJMSP, do you agree with that statement? When I buy an UNC GSA coin, I do look closely at the coin because the coin has to appeal to me and appear UNC before I buy it.
Well let's say I've never seen one graded lower than that by them. But I have seen quite a few in the boxes that were definitely circulated coins (I used to collect GSA coins many years ago). But there's kind of a caveat that goes along with that. Ya see, for, I dunno, maybe 20 years almost, if you sent a GSA coin in to be graded the TPG would remove it from the original packaging and slab them. And there was no notation on the slab stating that they were GSA coins. And some of them very well may have been graded lower than MS. Also, if anyone ever sent in a GSA to be graded after the TPGs began grading them in the original packaging, and that coin was graded lower than MS - do you really think the owner would leave the coin wrapped in the TPG cellophane with that less than MS grade on it ? Doing that would be kind of like the kiss of death so I think many if not even most would remove the TPG cellophane with the grade on it (restore it to its original state in other words) and present the appearance it had never even happened. Point of all this being that there very well might have been quite a few GSA coins, originally in the unc boxes, that were graded less than MS.
Just saw a 1883-O GSA in flat pack cellophane graded MS63 by NGC...$151...offered by "The Reeded Edge"...the price reflects the extra value of being a genuine GSA Dollar.
