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Are GSA Morgans worth any more money?
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<p>[QUOTE="C G Memminger, post: 2103374, member: 71506"]JPC: Great Question. </p><p><br /></p><p>Short Answer: I stay away, as they are not easy to sell. How many people are dying to get their hands on an 1881-S GSA? Even if it grades out in 65, would buyer be wiling to pay a price anywhere close to the 84-CC GSA (most common and least valuable). NO!</p><p><br /></p><p>Enigma: Small supply and smaller demand. hmmmm.</p><p><br /></p><p>Long Answer: Of the 2.95 million coins in the GSA hoard, only 125,000 or so were non-CC. I have never seen a break-down of these non-CC coins, and my observation is that these coins change hands 15-20% below the 1884-CC GSA (the most common) in the same grade.</p><p><br /></p><p>But that could be a big premium over a non-GSA coin of the same vintage, at least for common dates.</p><p><br /></p><p>I'm pretty sure I've seen some 81-S GSAs. 12,760,000 mintage. In 65, sheet would be $175 or so. But an 81-S GSA in 65 might get you $350-375. But how long do you want it to sit in your inventory.</p><p><br /></p><p>Just my $.02</p><p><br /></p><p>I reserve the right to be wrong.[/QUOTE]</p><p><br /></p>
[QUOTE="C G Memminger, post: 2103374, member: 71506"]JPC: Great Question. Short Answer: I stay away, as they are not easy to sell. How many people are dying to get their hands on an 1881-S GSA? Even if it grades out in 65, would buyer be wiling to pay a price anywhere close to the 84-CC GSA (most common and least valuable). NO! Enigma: Small supply and smaller demand. hmmmm. Long Answer: Of the 2.95 million coins in the GSA hoard, only 125,000 or so were non-CC. I have never seen a break-down of these non-CC coins, and my observation is that these coins change hands 15-20% below the 1884-CC GSA (the most common) in the same grade. But that could be a big premium over a non-GSA coin of the same vintage, at least for common dates. I'm pretty sure I've seen some 81-S GSAs. 12,760,000 mintage. In 65, sheet would be $175 or so. But an 81-S GSA in 65 might get you $350-375. But how long do you want it to sit in your inventory. Just my $.02 I reserve the right to be wrong.[/QUOTE]
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