1890 CC GSA What do YOU grade it?

As some of you know I have been working on a new website with a major silver dollar dealer... (see ad top right).

This past weekend I attended a coin show where I was able to pick up an example of the rarest dollar to find in a GSA box (minus the coins they only found one of of course). There were only 3,950 of these found in over 3 million coins in the GSA hoard. These coins are very scarce in GSA boxes and a single point in grade can mean a thousand dollar jump in price.

I am getting this coin ready to send to NGC to be graded and stickered. I thought it would be fun to see how you guys think this coin grades versus how it grades at NGC. So what do you think it grades?

I'll post the results when she comes back from NGC in a couple of weeks.

 

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I'll jump in! Very nice coin! Bagmarks, bagmarks, bagmarks. I'll go MS-60.

 

My grade (from the photos) is MS-64. 90-CCs are typically well struck. This coin exhibits a good strike, but not an "over the moon" strike. The obverse marks detract fro the overall eye appeal and IMHO keeps it from being an MS-65

 

It's tough for me to say '64' due to the chatter on the cheek, but that could just be camera angle/light. It is a solid 63 nonetheless, and a fantastic coin to have in the GSA pak... been looking for a nicely toned 78-CC if you come across one in a GSA pak

 

I'm leaning toward MS63 due to the fact that it is a $1K jump to MS64. Then again, NGC may be in the holiday spirit and give you the MS64. Nice CC!

Chris

 

I believe it is going to grade MS63 . Did it come with the paperwork ?

 

Of course not. But I happen to have a good source for paperwork.

 

Itll go MS64, TPG are more lenient on CCs.

 

I think the bag marks in your photo is actually just a light chatter, none being particularly deep or severe. Frost, and luster go a long way, and this being a cc mint Morgan, will most likely go 64 at NGC.

 

Looks like an MS63 from what I can see but I do know CC's can get away with a lot more marks for each grade point but I still think it's a 63

 

Since I made my post, I've been doing some browing thru photos online. It appears to me that the TPG's are actually alot more lenient with GSA's. Looking at photos of MS-64/65 1890-CC non-GSA Morgans show very clean fields and devices. Do we know why there are different standards for the GSA's? Maybe since most 1890-CC GSA's I have seen photos of all show similar bagmarks and rubs, they grade them on a seperate tier. What would happen to the grade consideration if it was cracked out of the GSA holder and submitted on its merits alone?

 

GSA's are graded differently because these coins spent SO much time in bags. The coins were minted in the late 1800's and left in their original bags until the mid 1960's. These coins spent almost 100 years in bags being handled and moved and shipped. They are slightly more lenient towards bag marks on coins in GSA boxes because of that fact.

 

Grade 63, actual 62.

 

62/63. lots of marks in the fields and around the face. still a nice solid piece.

 

Note to self: Never ask Dutch if he can make change for a C-note.

Chris

 

I think 63, but the pictures make it look worse than it probably is. So a tpg of 64 is not out of the question. Just my humble opinion.

 

This raises other questions that have piqued my curiosity.

What method of transportation was used by the branch mints to ship all of these bags back to the Treasury Department?

What kind of containers were used during the transportation?

What sort of equipment was used to move these shipping containers from one place to another?

Chris

 

Ms63

 

I would assume at first it was man, animal, and steam. And then later they would have been moved by trucks and fork lifts. I'm not sure about the containers. I think it would just have been the cloth bags... possibility some sort of wooden box or container... I'm not really sure.