GSA Morgan question

Discussion in 'US Coins Forum' started by C-B-D, Jun 19, 2016.

  1. C-B-D

    C-B-D Well-Known Member

    Do you think buyers prefer their GSA Morgans graded in the original, bulky holders, or in slabs?

    I just bought 5 that I want to have graded. 1880/79, 1881, 1882 PL, 1882 toned, and 1885.
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. Markus1959

    Markus1959 Well-Known Member

    I like the way NGC grades them in their OGP. A slabbed GSA is just another slabbed Morgan to me. I don't know if PCGS has adopted their practice of grading in the original holders.
     
  4. Treashunt

    Treashunt The Other Frank

  5. Cascade

    Cascade CAC Grader, Founding Member

    PCGS grades them in the original holders but they encase the whole thing while ngc just ribbons them. I highly suggest never cracking gsa Morgan's out, never!
     
    Insider and C-B-D like this.
  6. Santinidollar

    Santinidollar Supporter! Supporter

    I like the way NGC handles them with their grading ribbon around the GSA slab. The slab still fits in the original box.
     
    SilverMike, Cascade and C-B-D like this.
  7. C-B-D

    C-B-D Well-Known Member

    This is what I'm leaning towards after the few comments I've gotten.
     
  8. Insider

    Insider Talent on loan from...

    ...Why spend the money on grading? I read somewhere that they don't guarantee their grade for coin's in the GSA holder. The ancient collectors are bashing NGC because they don't guarantee the AUTHENTICITY of the ancients in their slab.:facepalm:
     
    Travlntiques and C-B-D like this.
  9. C-B-D

    C-B-D Well-Known Member

    Seriously? But I guess a lot of ancient coins were produced by individuals based on a need for coinage. Many of then carry just as much value as say, Rome mint ones, from what I understand.
     
  10. Yankee42

    Yankee42 Well-Known Member

    I would get them graded by NGC
     
  11. Santinidollar

    Santinidollar Supporter! Supporter

    One reason to grade them is that they seem to command higher prices than the ungraded ones. I assume CBD may have selling plans for them.
     
  12. Insider

    Insider Talent on loan from...

    The field of ancient coins is a very difficult one. Ancients have been collected and also forged centuries before there was a United States. There is one old saying that eventually any TRUE NUMISMATIST will eventually gravitate to collecting/studying them.

    Excellent ancient fakes have been around forever, long before the glut of extremely deceptive fakes that have passed as genuine by our major TPGS's. IMO, the TPGS in this country are well behind the experts overseas when it comes to authenticating ancients.
    Perhaps that is why NGC does not guarantee their opinion even though they have just hired another in-house, well-regarded, ancient dealer-expert.

    IMO, and that of many in the ancient forum - their policy sucks! What are you paying for besides an informed opinion that you can get for free at any major coin show?

    I just brought up ancients because I'm posting on them today. Now, let's get back to Morgan dollars. :happy:
     
    Travlntiques likes this.
  13. jtlee321

    jtlee321 Well-Known Member

    I would without question have them graded with NGC. I prefer to keep mine stored in the original box with certs and you just can't do that with PCGS plastic shell over plastic shell.
     
    C-B-D and Santinidollar like this.
  14. Dave Waterstraat

    Dave Waterstraat Well-Known Member

    Definitely NGC if you plan on flipping them, especially the '80, '81 and '85. btw, what reverse is the '80?
     
    C-B-D likes this.
  15. C-B-D

    C-B-D Well-Known Member

    Seller pic..Looks like a 79. IMG_20160619_110737.jpg
     
    Last edited: Jun 19, 2016
  16. eddiespin

    eddiespin Fast Eddie

    Collectors want them in the GSA holders. Buyers? I don't know that they give two hoots.
     
    C-B-D and Insider like this.
  17. SuperDave

    SuperDave Free the Cartwheels!

    Buyers will once enough have been cracked out that OGP becomes scarce. :)

    Don't free these cartwheels, C-B-D.
     
    eddiespin, Paddy54 and Insider like this.
  18. C-B-D

    C-B-D Well-Known Member

    I swear. I won't.
     
    eddiespin and SuperDave like this.
  19. Coinlover67

    Coinlover67 Well-Known Member

    I think NGC does do the GSA dollars in the OGP. Was perusing some local auction listings and saw one that wad graded by NGC with the sticker on tge bottom. Don't know about PCGS though
     
  20. Conder101

    Conder101 Numismatist

    That used to be true, but now they do extend the grading guarantee to cover the graded GSA holders.
     
    C-B-D likes this.
  21. GDJMSP

    GDJMSP Numismatist Moderator

    This is the question you wanted answered -

    To get an accurate answer to that question all you have to do is look back at the history of the GSA Morgans. And you don't have to go that far back.

    Prior to the end of 2002 if you wanted a GSA coin graded and slabbed the coin had to be removed from its original holder. The TPG would then grade & slab the coin, and sometimes the slab label might even have the GSA designation on it, other times it did not.

    Then in Jan. 2003 NGC started grading them in their original holders due to demand for that service by their customers. This practice became quite popular among most collectors. But it was not until 10 years later, in 2013, that PCGS started grading them in their original holders, again due to demand from their customers, and to regain some the business they had lost to NGC by not doing it.

    So if both of the top TPGs changed their policies, it tells me that most collectors prefer their GSA coins be graded and slabbed in their original holders.
     
Draft saved Draft deleted

Share This Page