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<p>[QUOTE=&quot;Hobo, post: 1054993, member: 11521&quot;]GSA = General Services Administration</p><p>&nbsp;</p><p>The US Government struck millions and millions more silver dollars than were needed during the initial run of Morgan Dollars (1878 - 1904). These unneeded coins were stored in vaults for decades. In the early 1960s the US Treasury sold a great number of these coins at face price ($1 each). By the late 1960s and early 1970s, the price of silver had risen to the point that the Morgan Dollars contained more than $1 of silver. And many of the stored coins had significant collector value, especially the Morgan Dollars minted in Carson City (CC). The Treasury decided to sell the remaining coins to collectors at a premium. GSA handled this. Collectors bid on the coins by mail. The coins were placed in plastic holders and cardboard boxes with a COA (Certificate of Authenticity). The GSA Dollars are now collectible in their own right.[/QUOTE]</p><p><br /></p>

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