1881-CC Morgan in GSA holder

Just curious what you guys think about this deal. 1881-CC Morgan dollar in the GSA holder that specifies "uncirculated." Also comes with the box and COA. It hasn't been graded by NGC or PCGS, but the shop owner wrote MS-63 on the price tag. I have to agree...it's a beautiful coin. I've been shopping there long enough, he always gives me a break on the sticker price. Told me $475, tax included and it was mine. Does that sound like a good deal?

 

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that's a fair price for what you described

 

Almost $200 under fair market value. :thumb:
http://www.numismedia.com/fmv/pricesms/mordlrgsa/prices61.shtml

 

it might not be a 63 look for 62 and 58 prices better take a pic and post here

 

The 1881-CC GSA is a common date among GSA's in general. There were approximately 147,485, of the total 296,000 81-CCs, issued in GSA holders....so you shouldn't pay too much above standard pricing. MS63 is also a common grade for the 1881-CC GSA. Regarding the COA, the appropriate card for what you described should have a blue serial number at the top right starting with "81" and also a faint blue presidential seal in the background of the card. I mention this because very often the COA cards are mismatched. Best of luck!

 

Good advice on the COA. :thumb:
I had never heard that before.

 

I had one GSA uncirculated Morgan.
I can't remember the date but I cracked it out and NGC gave it a MS-62.
They tend to be rather "baggy".

 

The deal concerns me because it's a lot of money to pay on the dealer's word that it is MS63. I think the price drops pretty sharply for lower MS grades for this coin. How certain are YOU that it really is MS63?

 

While I was there I compared it to some PCGS and NGC slabbed Morgans that were 63 and it was very similar. So, if I'm wrong and it's only a 61-62, does that mean $475 is a bad deal?

 

you can take this for what it's worth.I have a 1884 CC in the GSA box .I took it to a local dealer who offered me $150 for it I decided not to part with it. I'll probably pass it on to my grandson.

 

Good idea. The average for 1884cc gsa is about 225. 275 for ms-63.

 

Ask him if you could send it to NGC , and if it doesn't grade at 63 you could return it . They will grade it and keep it in the original holder .
rzage

 

That's a good idea. I like how NGC keeps it in the original holder. I never understood why PCGS would break them out.

 

Oh man! You just made me sad. I went and checked my 82, 83, 84 GSA certificates and it looks like only one of them has the first two digits in the COA serial number that match the date!!! Somewhere along the way, they got mixed around. Makes perfect since though. Good information to have...thanks for contributing and teaching me something today.

 

If it matters to you, COA cards can be found on ebay...but be wary of fakes. The “uncirculated” cards (the ones with the blue serial number) are harder to reproduce and 82,83,84 are common dates, so I betting you can find some.

 

I would say search around for a while. Breakintheweb has a fantastic site cointrends.org. There has been a few 1881-CC MS64 that have sold for around 475 dollars. CoinTrends.org

 

Klunky, check your holders as well. If they don't say Carson City UNCIRCULATED Silver Dollar then the COA WON'T have the date of the coin on it.

 

The 81 CC is a coin that is not cheap in any grade and is relatively flat through a wide range of grades. Gray sheet bid for a VG is $305, in MS 60 is $425 and for a MS 63 it is $445. I think you did just fine.