1890cc and 1891cc GSA Morgans

ilmcoins

It seems as if these carry a surprisingly high premium. Is the premium a result of them just being rare in the GSA holders. Low MS coins sell for several thousand on the bay.

nags

Yes, there aren't many in the GSA holders, and finding them in higher grades are very difficult. Both '90 and '91 are typically very baggy. It's easier to find a clean '79cc GSA than a '90 or '91.

ColonelJessup

@nags said it first

Please correct your title to 90-CC and 91-CC before a newbie gets confused.

With the GSA holder, there's a long line at $1550. Without, you could wait 6 months for a buyer at $525.

ilmcoins

@ColonelJessup said:
@nags said it first Please correct your title to 90-CC and 91-CC

Added cc

DelawareDoons

Yes, its a byproduct of their rarity in GSA holders.

Stella

Here are inventory figures for the Carson Cities in the GSA hoard. It gives you a sense of how scarce or available the different dates are.

1878-CC: 60,993
1879-CC: 4,123
1880-CC: 131,529
1881-CC: 147,485
1882-CC: 605,029
1883-CC: 755,518
1884-CC: 962,638
1885-CC: 148,285
1889-CC: 1
1890-CC: 3,949
1891-CC: 5,687
1892-CC: 1
1893-CC: 1

jdimmick

I have only ever handled 1 1890-cc GSA , couple of 79-cc and a few 91cc's

Funny story about the 90-cc many years ago, I had met a guy that actually lived not too far from shop. He wanted to come over for me to appraise some coins his dad left him. Just so happen that day, I was at the Glass Shop Having my window replaced, so I borrowed my wifes truck to meet this guy as I was somewhat new in the business. I got all the way across town, and realized that I had left my shop front door key on the car key ring at the glass place. So I asked him if he minded if we sat in the truck and review his coins, which obliged . He had this sealed box gsa, and I was explaining to him about the deal and how most likely it was one of the more common dates and its worth more in the sealed box, then open. He wanted to open it. Low and behold its an 1890-cc , couldn't believe it, I said this is worth a great deal more than your standard gsa. He ended up keeping it, and I was some what dissapointed. Fast forward about 5 years or so, I get a call from him asking if I was still intrested in the coin, as he wanted to buy some high end golf clubs. I went over to his place and purchased the coin along with a few other things. I ended up submitting it and getting a 63.

another story on one of the 79-cc I handled. Guy calls and says he has a 79-cc GSA Morgan and was I intrested in looking at it, I said yeah, and thats one of the better ones. He came in with this coin, an 85-cc and 2 common 83-84's. I ended up offering like 160 for the commons, 600 for the 85 and 7500 for the 79-cc. he told me, that he had taken it to another local dealer in town that had try to buy them all for 185 each. When he asked the dealer "isnt the 79-cc worth a bit more than the others, the dealer tried to play dumb and dodged answering, so he got a bad feeling and left. thankfully.
I grade coins pretty conservatively and had figured the 79-cc for a 63+ shot 64. I had taken it to a show in raleigh, and offered it for 8.5K. One of the national dealers who was there said hed pay 8, but at best It would come back was a 63+. Another dealer I know , told me to submit it, he said he saw it as a solid 64. So I sent it to NGC and it grade a 64+, so i was pleased and did very well holding out.

ricko

I have several in GSA holders, though I have not had them graded. Most of those are the more common dates. Got them years ago when I built my CC Morgan set. I was buying any CC Morgans at the time - and then they were a bit cheaper than today. Cheers, RickO

ilmcoins

@Stella said:
Here are inventory figures for the Carson Cities in the GSA hoard. It gives you a sense of how scarce or available the different dates are.

1878-CC: 60,993
1879-CC: 4,123
1880-CC: 131,529
1881-CC: 147,485
1882-CC: 605,029
1883-CC: 755,518
1884-CC: 962,638
1885-CC: 148,285
1889-CC: 1
1890-CC: 3,949
1891-CC: 5,687
1892-CC: 1
1893-CC: 1

Thanks for this info. The increased value for the 1890 and 1891 I purchased is definitely a pleasant surprise. The 1890 seems to sell for upwards of $4k in MS62 on Ebay. I just put it on there and will let the bidders speculate the grade.

yspsales

My first real cherrypick via grade was a GSA CC dollar.

Guy rented from me and liked to sell off his inherited coins.

I was about as raw at coins as the coin themselves. Can't remember the date, but I was expecting run of the mill CC's... then BOOM! Easily the most gorgeous raw Morgan ever in my hands.

Knew right away it was a big coin. Had a little Cindy Crawford carbon spot on the chin.

I could not cheat him, but worried about the spot. Paid him 65 money and it went 66 or 67 for a nice little profit.