GSA Morgans Pros/Cons

Discussion in 'US Coins Forum' started by plabkid, Jan 1, 2010.

  1. GDJMSP

    GDJMSP Numismatist Moderator


    Raider - nobody disputes that. But Conder told you the truth. What you don't understand is this. When the govt. employees were sorting all these coins out - the people doing the sorting had no idea how to tell uncirculated from circulated. So there were some circulated coins placed in the uncirculated holders and some uncirculated coin placed in the circulated holders. As usual - our govt. at work.

    So now comes today - or the past few years anyway. People have submitted coins from the GSA sale in all of the various holders. The TPG's who DO KNOW how to tell circ from unc - grade the coins for what they are. Not according to the package the stupid govt. employees put them in.
     
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  3. raider34

    raider34 Active Member

    Ok, I wasn't really disputing with Condors info. Just pointing out that there are mixed CCs and uncirculated mint marks in soft cases. Just because they may have accidentally made it into the soft cases, doesn't negate the fact that there in soft cases.
     
  4. cerdsalicious

    cerdsalicious BigShot


    I have tried finding the owner of that 1889 CC with no sucess.
    God how I would love to have it. I only have two 1889 CC's one is G4 the other VG8 cleaned, nothing special baoth the lowest grades possible to be graded lol.
    Imagine a GSA 1889 whooo that would be the highlight of my collection.
     
  5. majorbigtime

    majorbigtime New Member

    Are the Govt. holders "tamper proof"?

    I read on another forum that some shylocks are good at opening the holders and switching coins.
     
  6. statequarterguy

    statequarterguy Love Pucks

    I remember when they offer the GSA's WOW! Did they ever alter the CC price structure! Hope The Mint isn't holding too many other rarities.
     
  7. cerdsalicious

    cerdsalicious BigShot

    majorbigtime:
    My dad told me when they first got their GSA back in the early 90's they would crack them out and submit them for grading, he said it was a peice of cake. so they wouldnt be tamper proof.

    statequarterguy:
    If I remember correctly it also made the 1903-o market prices drop like a rock.

    So many morgans in ms condition, no other coin will be so well preserved (spare commemoratives)
     
  8. GDJMSP

    GDJMSP Numismatist Moderator

    I could be wrong, but am pretty sure it was removed from its original holder and now resides in a PCGS slab. Thus there is no way to determine provenance.
     
  9. GDJMSP

    GDJMSP Numismatist Moderator

    They don't hold any. The only coins in mint vaults are moderns.
     
  10. Conder101

    Conder101 Numismatist

    But from the governments point of view they didn't get there by accident. The first and third categories were coins the GOVERNMENT called Unc and the second and fourth were the ones they called circulated. And they took the stand that a toned/tarnished coin was circulated even if it had no wear at all. If you notice both of the soft pack pieces listed have tarnish spots on them so they were classed as circulated. Normally the "circulated" 78-CC would have gone into a Mixed CC hard pack, but for some reason the MAJORITY of the 78-CC dollars were put in soft packs. That isn't true of the other dates.
     
  11. raider34

    raider34 Active Member

    I was just reading the Carson City Morgan Dollars book, it's a newer book (Came out in October). Carson City Morgan Dollars

    The 1889 CC is still in the GSA case (There are pictures of it on p. 35, 36, and 103). The coin has been graded by NGC a MS62 DPL! I'm sure that coin would bring some big time money the next time it goes up for sale.
     
  12. GDJMSP

    GDJMSP Numismatist Moderator

    Interesting, guess everybody just assumed it had been removed and slabbed. I do find it a bit odd that it managed to survive all those years in the original case given its value. NGC has only graded the original holders for 7 or 8 years.
     
  13. Windsor4

    Windsor4 Junior Member

    I've just recently learned alot about the GSAs, some from you guys, thanks, but need to confirm something if anyone can help.

    I'm told the GSAs were release with their numbered certificates and the first 2 numbers of that certification should be the year of the coin. ie, a 1882 CC certification would start with a 82.

    I've seen many empty GSA slabs for sale and also alleged certificates. There are also many GSA cased, with and w/out NGC grading, with and w/out a registration certificate to go with it. Many that are being sold with certs, have cert #s that do not coincide with the year of the coin. If what I'm told is correct, those certs do not belong with the coin.

    Is that correct?

    There are also many being sold with certs w/out any cert #. Those must be fakes. Right or wrong??????????

    Can anyone confirm any of this? Thanks
     
  14. LostDutchman

    LostDutchman Under Staffed & Overly Motivated Supporter

    I saw an 1889 CC GSA last year... In it's GSA holder. I assume this was the one and only. This was at the Summer Baltimore show last year.
     
  15. GDJMSP

    GDJMSP Numismatist Moderator

    Yes, that is correct.

    Yes, that is correct.



    Let me put it this way, I have never seen one that did not have the blue numbers at the top. So if I saw one, I would definitely be suspicious enough to not buy it.
     
  16. Windsor4

    Windsor4 Junior Member

    Thanks for the confirmation GDJ
     
  17. ducoin

    ducoin Junior Member

    I've purchased 1 1883-CC GSA Morgan after doing my own reading about Morgan's and the GSA Hoard in general. I need to complete the ASE sets i started for my kids but after that I'll get more. Not for the premium, but because I think they represent two interesting periods of our History. 1. the Carson City mint and 2. the whole GSA hoard thing. I can see my self pulling these out of my "treasure chest" and telling my grandkids the history of these coins.

    So i'll get them because they are interesting, not because of the premium. I'm sure i'm not alone in that.
     
  18. Conder101

    Conder101 Numismatist

    The information about the certificates and the numbers is NOT quite correct.

    The CC dollars issued in Hard Pack cases that say Carson City UNCIRCULATED Silver Dollar have serial numbers on the certificates with the first two numbers matching the date of the coin.
    [​IMG]
    This card was included with the 1880-CC because they might be overdates.
    [​IMG]

    GSA hard packs that say Carson City Silver Dollar have certificates that do not have serial numbers. These are the cards that came with them.
    [​IMG]
    The whole main card
    [​IMG]


    The GSA hard packs that do not hold Carson City dollars have no serial number and have MU for Mixed Uncirculated in the upper left corner.
    [​IMG]

    The soft packs do not have COA's.

    If you see a GSA hard pack that says Carson City Uncirculated and the certificate doesn't have a serial number or the first two digits don't match the date of the coin it doesn't go with that coin.

    If you see a GSA hard pack that says Carson City silver dollar and the certificate has a serial number it doesn't belong with that coin.
     
  19. Windsor4

    Windsor4 Junior Member

    Thanks Conder, much clearer now.
     
  20. Windsor4

    Windsor4 Junior Member

    Then this cert does not go with this coin


    [​IMG]
     
  21. GDJMSP

    GDJMSP Numismatist Moderator

    Your image link does not work - try posting a link to the auction instead.

    And thanks Conder for the clarification.
     
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