CC Morgans: are these considered MS or PR?

I'm not familiar with the terminology. These are sealed and in original boxes. The uncirculated one has a number on the insert card, the other one has some tarnish. If a coin is uncirculated does it get graded differently than circulated coins?

 

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The GSA hoard was all circulation quality- no proofs.

They were graded by a bunch of clerks onto uncirculated and not uncirculated coins for holdering

 

Proof is not a grade. You can have a circulated proof.
Uncirculated is a grade.

 

Read it again. First statement is about the thpeof coin in the hoard. Second is about the two different holders, one of which says uncirculated

 

The thread title is awfully vague then.

 

There were no mass-produced proof Morgan Dollars struck at Carson City, only circulation strikes. Proof-like, yes. Proof, no.

 

Welcome to Coin Talk. AS @Burton Strauss III said, your coins are not Proof coins. Uncirculated coins are given a grading number from MS-60 to MS-70 depending on many factors such as Strike, Luster, Bag marks and a lot of other variables. Circulated coins are graded with different terms. They range from Poor to AU (About uncirculated). They are also assigned numbers from 01 to 58 depending on the condition of the coin. I don't think the number on the insert card has anything to do with the grade. Your coin that says "Silver Dollar" may also be uncirculated. I can't tell from your photos. IMO if you have a 1878 CC and 1881 CC GSA Silver dollar, it would pay for you to have them graded by NGC or PCGS. If you decide to have them graded make sure you send them to the TPG that keeps them in the original GSA holders. It would also pay for you to buy a copy of the "Red Book" (A Guide to United States Coins). It's a great book to learn about coins.

 

Good to know, no proofs in the GSA hoard. I can't quite figure out what your second statement refers to.

 

Thank-you! This is really helpful. How do I choose between NGC and PCGS and do I mail the coins to the TPG to get them graded or bring them to a local shop?

 

Like most things I write it means what it says in plain English. Let me expand a little.

Most of the GSA hoard were Carson City silver dollars, there were smaller groups of non Carson City Morgans and even Peace dollars.

For the sale there were two kinds of holders. The hard-pack like you're looking at in the original picture and a soft pack just like the one you say for the Eisenhower uncirculated dollars at the same time.

The hard pack insert says Carson City for Carson City dollars and doesn't say anything for non Carson City dollars.

The video embedded here has a little piece that shows people sorting the dollars and packaging. Those people are ordinary GSA clerks who had received minimal training not professional numismatists.

https://coinweek.com/education/numismatic-history-the-gsa-cc-morgan-silver-dollar-coin-hoard/

because of the history most of the Carson City dollars truly were uncirculated. They have been minted in Carson City and then sent to Philadelphia when the Carson City mint was shut down. and so they'd remained in their original bags and treasury vault since they werwe minted. Textbook uncirculated.

But the non Carson City Morgan and Peace dollars are just random coins that had been bagged and stored in the mint. Some came back in from circulation and some were uncirculated coins that never had been issued.

Sorting those by people who may have had just a few hours of training didn't always get perfect results. That's why when you're looking at the non Carson City hard packs you really need to look at the coin not whether the insert says uncirculated.

 

If these are the only coins you intend on submission, then yes partner up with a local dealer. I have done this several times over the years...... On these GSA coins the TPG will wrap a label around the lower half of the plastic GSA holder. So don’t crack them out. The GSA holders are desirable to many collectors.

 

Wow - this is amazing information and I appreciate you taking the time to go into such great detail! As I look closer I see what you mean about the markings from being in the bags and it makes sense. Would you recommend grading them and if yes, where would you recommend sending them for grading?

 

thanks!

 

Thank-you! I'm looking for the red book now but there is some controversy over the 2019 and 2020 editions? Also, what is the blue book and is it worth getting that one, too?

 

Redbook is your source. The year doesn’t matter. The resource information doesn’t change. I used my 1977 version until last year when I opted for a large print version to accommodate my failing eyes..... You can often find previous years editions at overstock type outlets for pennies on the dollar.

 

The clerks were not trained and did place some proof coins in the hoard of uncirculated dollars

 

Thanks all! You've been very helpful!

 

No! There were NO proof coins in the GSA hoard

 

OOpps ..my wrong. The story I read said they placed circulated coins into the GSA hoard. Sorry for the misinformation.

 

There were circulated coins in the GSA hoard, in the soft packs. I'm here @ the Tyler Coin Club show and there are several for sale.

No proofs.

But there were some Proof Like coins. PL happens to circulation quality coins when the dies self polish to just the perfect state to impart the mirrored field. They are not proofs - no special handling, no special dies, no double strike...