As most of you know, I'm quite fond of my Morgans. This past week I was fortunate enough to acquire a GSA dollar from my husbands grandmother. She's had it in a drawer for years and recently moved, passing it on to Joe & I knowing how much we love our coins Anyway, this is my first GSA dollar and I'm curious if I should send it off to be certified. Generally I'm NOT a fan of grading & slabbing anything, but considering that it is a GSA I wasn't sure what to do. The coin itself doesn't have a whole lot of eye appeal, rather unattractively toned in my opinion...and as for grade, I would assume it would probably fetch an MS63. So what do y'all think? Should I?
NGC will certify it in a GSA holder. The put a NGC tape around the perimeter (i.e., tamper resistant packaging so to speak). Others will certify it and designate GSA holder on the slab. If you think it is a MS63, it really isn't going to generate too much interest, unless it is a key date (like some of the CC's). Keep it in the holder with the box and certificate. If you have all three, they carry a premium over those that don't.
I forgot to add in my initial post that it is an 1883...also that it still has the original box but unfortunately it is missing the certificate. Thanks a bunch for the info Midas...I've seen others done by NGC & if needed I would prefer them as opposed to others that remove it from the original packaging.
Even if its not a CC its still your first GSA and that will mean more than anything--- If you don't like the toning and such you might do what I do to some coins...I will buy a key date coin for my set--lets talk about my 1914-D cent--it a PCGS G-4--I think I may have found a upgrade so I would buy it and then sell this G-4 to buy another coin in another grade for my collection.... So if you don't like it alot sell it sometime and buy a NICE MS++ Morgan dollar! Speedy
Here you go Spider, everything you wanted to know about the General Service Administration and then some: Take a look:http://www.coinresource.com/articles/gsa.htm
I friedn told me about going to an auction years ago when not many people collected coins....he got to buy BU CC Morgans for $10 each and many other coins for $10 or under....when the owner saw what they were going for he stopped the auction and took the rest of his coins home. Speedy
I once dated a girl (a non coin enthusiast) who had 3 GSA CC Morgans that her father bought for her when she was a kid. The General Services Administration actually sent him an order form for the coins, and he was allowed to request specific dates. He asked for 1879, 1881, and 1885. He got 1881, 1883, and 1884. They are all still in mint condition, maybe handled about half a dozen times since the mid 1970s. Pretty neat stuff.
