Here’s a GSA Morgan I just purchased for a nice price. She isn’t perfect but that’s ok. There’s some contact marks in front of the face and above the eagle, but otherwise it’s clean. A little toning on the reverse as well. Would love thoughts on grade. I’d be in the 62 camp.
Not bad. I think it's closer to 63 than 62. Those CC's tend to get a little more love from the TPG's. In it's condition, I'd just keep it as it is. Do you have the box and a cert for it? If so, keep them all together, it will make it much easier to move later down the road.
I would say 62 looks pretty accurate. The reverse is less baggy than the obverse. Could be as high as 63. A typical GSA uncirculated Morgan. Not worth grading, as it is low to middle MS at best.
How are you determining if it is "worth it" to get a GSA Morgan graded ? With lots of $$$ moving into lower-priced objects, I'm wondering if low-priced stuff can see a bigger % move with folks who don't have enough $$$ for pricey bills, Morgans, or pre-1933 U.S. Gold. I'm seeing the same phenomenon in real estate right now with $$$ flowing to lower-priced units since mortgage rates and house prices skyrocketed.
Why? Because GSAs sell well in the original holder for good money. No benefit to get it graded, as it will come in low grade MS.
I agree....I think having the OGP is worthwhile. I'm trying to get an OGH or two and even if they would sticker higher intend to keep them in the OGH. I just meant that overall GSA Morgans seem to be in the sweet-spot....rising prices...and that might "tilt" the break-even for going ahead with a crack-out if that is all that mattered to someone. I agree with you on keeping it though, MD.
GSA Morgans have had a large increase in market value, as of recent. They have always been popular, but now are getting even more popular.
And they're AFFORDABLE to all the new people who entered our hobby. Newcomers will spend a few hundred bucks on something....but they can't spend thousands on the rare stuff or DMPL toners or gold coins.
Not bad at all but not worth the grading fees. The GSA’s sell well in the OGP and it a MS-62 for sure, maybe a MS-63. Leave her as is but protect her. Nice addition to your collection.
It's funny, but I don't recall seeing that many OGP Morgans at FUN 2020 (last time I attended). I probably would have bought one.
I, personally, do not send in GSA CC Morgans, unless they are likely 65s. I have 4 of them I did send to NGC for the ribbon, and kept it in the original holder. That way, they retain the value of the GSA holder, and can be graded. However, given the cost I only would do it for likely gem grade coins: https://www.ngccoin.com/coin-grading/holders/gsa/
I bought a set of 1882CC, 1883CC, and an 1884CC. They were all graded MS65. I was kind of new then, but I liked the set and paid way too much for the set several years ago.
Was that the special "Western" coins you bought together ? Not sure when you bought them, but if you bought them 5-10 years ago, I would think they had to have appreciated with CC Morgans very strong the last 2 years.
You are correct. It was about 5 or so years ago. I looked them up on the 22 Red Book and individually they only added up to about $900. Coins have gone up since that book was released.
We are all guilty of that, best way to avoid the madness is to educate yourself but if you liked it regardless pick it up
In my first few months that I started collecting, I made a few mistakes, however, I bought a bunch of books and visited our local library and found out just how much I didn't know. That's been several years ago, and I still find that I have made mistakes. That all started in 2009 and 13 years later, I still make a mistake or 2, just not as bad as I did back then.
