Message:

<p>[QUOTE=&quot;GoldFinger1969, post: 5306194, member: 73489&quot;]OK, so I&#039;m re-reading the <b><span style="color: #ff0000">RED BOOK FOR MORGAN DOLLARS </span></b>(Bowers) and he mentions that the 1884-CC Morgan has about 962,000 available for release in the early-1970&#039;s, with a few maybe dribbling out by 1980 as the GSA took advantage of the price rise in silver to probably get alot more than they did 7-8 years earlier. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p><u>Bowers mentions that the population census (the book copyright date was 2012) was about 55,000 for both PCGS &amp; NGC combined...which might be HIGH since there could be re-submissions.&nbsp; But 55,000 is the max or thereabouts.</u>&nbsp; So only about 6% of the coins have been graded which seems low since many would presumably grade in Mint State or close to it.&nbsp; In other words, it pays to get them graded (once the TPGs came into existence and assuming you knew about grading).</p><p><br /></p><p>Now....I did a rough estimate from the PCGS and NGC population census online and it looks like as of today..... 67,000 NGC and 63,000 PCGS for a total of about 130,000 or just under 14% of that Treasury/GSA hoard.</p><p><br /></p><p>This got me to thinking.....<b><i>assuming that the cost of getting these coins graded is worth the expense on the part of the original buyer or a dealer he/she sells it to....why haven&#039;t more made it to the TPGs ?</i></b></p><p><br /></p><p>I guess you can say that the pace is picking up.....we went from&nbsp; 55,000 in 2012 to over 130,000 just over 8 years later.&nbsp; <i>Might this trend continue ?</i></p><p><br /></p><p>I ask that because even if the buyers in the early-1970&#039;s or 1980 were teenagers, by now they&#039;d be in their 50&#039;s at least, maybe 60&#039;s.&nbsp; And if they were adults, could easily be 70&#039;s or 80&#039;s.&nbsp; You would think they&#039;d want to sell them or if they passed on their estate would look to ditch them to a dealer who would probably think sending to a TPG is worth the $$$ -- <i>right ?</i></p><p><br /></p><p>Maybe I&#039;m overthinking this or maybe the next 10-20 years will prove me right....<b><span style="color: #0000ff">but I wonder if we can expect either INCREASED direct submissions to the TPGs by folks who realize they bought these GSA Morgans 40 or 50 years ago....or the dealers they sell them to...with both groups more likely to sell once graded.</span></b></p><p><br /></p><p>And then I wonder if we know we&#039;ll have more of these coming to market with or without TPG grades if this might either depress prices...or just prevent them from lifting....or has the market already EFFICIENTLY priced the entire supply and expects them to come out bit-by-bit over the coming years and decades ?</p><p><br /></p><p>These GSA Morgans were in what I would call &quot;strong hands&quot; over the decades by folks not interested in selling but now as they age or pass on they or their estates or heirs are what I would call &quot;weak hands&quot; and are sellers and not buyers/holders.&nbsp; I suspect many original buyers were non-collectors who bought them as gifts or saw the ads and wanted 1 or 2 of the Morgans. </p><p><b><i><br /></i></b></p><p><b><i>Thoughts ? </i></b> Some of you were probably teens or young adults who bought during that 1st wave in the 1970&#039;s.&nbsp; For those of you who actively collect GSA Morgans especially in the OGP, interested in what you&#039;ve learned over the years.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in