What is the Premium for Soft Pack GSA Morgan's What is it's realistic value?
mark_dak
Posts: 1,095 ✭✭✭✭✭
I'm kind of curious how everyone here views the GSA soft packs. I see many sellers attempting to sell soft packs on eBay for astronomical prices. They appear to view a POP 1 as a normal POP 1 coin, probably quite over-valued if that is their aim. I do own a few of these and bought them some years ago at decent prices. I would assume there is some value as would be an older, desirable TPG slab. To my knowledge there is not a specific Greysheet price for these... that is correct?
How do you dealer folks value these if they come into your shop or show table? How do you value them as to their realistic sales price?
Sorry I had trouble moving info from another file, bold number is what I found @ NGC for each pop figure. There may be a few VAMs not accounted for.
Mark
Morgan/Peace GSA Soft Pack
1878 7TF REV 78 30
1878 7TF REV 79 27
1878 8TF 5
1878-CC VAM11 104
1878-CC 861
1878-S 23
1879 119
1879-CC VAM3 3
1879-CC 7
1879-O 123
1879-S 73
1880 57
1880-CC 37
1880-0 162
1880-S 138
1881 60
1881-CC 36
1881-O 229
1881-S 54
1882 54
1882-CC 16
1882-O 158
1882-O/S 6
1882-S 68
1883 72
1883-CC 16
1883-O 324
1883-S 10
1884 46
1884-CC 0
1884-O 301
1884-S 10
1885 51
1885-CC 0
1885-O 296
1885-S 9
1886 186
1886-O 16
1887 139
1887-O 19
1887-S 1
1888 20
1888-O 17
1889 21
1889-O 38
1890 20
1890-CC 23
1890-O 43
1890-S 30
1891 16
1891-CC 8
1891-O 29
1891-S 3
1892 5
1892-CC 15
1892-O 19
1892-S 9
1893 2
1893-CC 20
1893-O 6
1893-S 1
1894-O 10
1894-S 1
1895-O 13
1895-S 1
1896 9
1896-O 20
1896-S 2
1897-O 20
1897-S 1
1898 4
1898-O 43
1898-S 9
1899 2
1899-O 77
1899-S 4
1900 6
1900-O 106
1900-O/CC 2
1900-S 6
1901 5
1901-O 64
1901-S 7
1902 19
1902-O 43
1902-S 1
1903 9
1903-O 98
1903-S 19
1904 16
1904-O 63
1904-S 7
1921 40
1921-D 35
1921-S 37
1921 5
1922 525
1922-D 29
1922-S 25
1923 312
1923-D 8
1923-S 41
1924 39
1924-S 1
1925 14
1925-S 3
1926 5
1926-D 3
1926-S 13
1927 2
1928 1
1928-S 5
1934 1
1934-D 4
1934-S 2
1935 5
1935-S 2
Comments
Maybe I scared off any comments. I'm not looking for a value of the specific coin I pictured, that was just an example of one of my own coins. I am still wondering how everyone would determine value of soft pack GSA Morgans in general terms since I can't find "guide prices" and many of the offered coins will never sell based on ridiculous asking prices... I think. The Greysheet appears to only list hard pack pricing (At least as of 2018 - last date I own)
I am considering to pick up a couple but I am a bit baffled on how to best determine a reasonable price for both myself and the seller.
Mark
Howdy buddy
That’s the first one of those I’ve seen or heard of. I thought you were referring to the Ike’s in the soft packs. I have seen and learned alot but never get too surprised by something new. Thanks 😳
🎶 shout shout, let it all out 🎶
You are probably very familiar with the CC dollars that were almost exclusively uncirculated in the hard packs. Most but not all were CC minted coins. Those were sold thru a bid process. There were a lesser number minted in the other mints also in those hard plastic packs similar to the Ikes.
The pictured Morgan is one of about 100,000 circulated coins... mostly Morgans with a few Peace dollars and even a couple Seated Liberty coins. Those too were sold via a mail bid process. Do an eBay search on "GSA soft pack". They sell (asking price) for a decent premium over the non-GSA coins. I've never been able to nail down pricing with any accuracy... to my knowledge there is no "Greysheet type guide price". Kind of the wild west of the coin hobby!!
Mark
Interesting question and premise. Also great facts regarding the NGC populations.
You may want to rephrase the title with "What is the Premium for Soft Pack GSA Morgan's", or something similar.
I don't know the answer, but hope some with more knowledge chime in.
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
Great Collections auctioned maybe 100 of these a couple of years ago. They went for huge premiums, especially the lower grades. Not sure if it's searchable on their site.
Here’s a link to GSA soft pack sales from Heritage’s archives that might be helpful: https://coins.ha.com/c/search-results.zx?Nty=1&Ntk=SI_Titles&Ns=Time|1||Lot+No|0&N=51+790+231&Ntt=gsa+soft+pack&ic4=SortBy-071515
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Thanks, always a good place to look. Hadn't tried there.
Mark
Years ago, when assembling my set of CC Morgans, I purchased several of the hard packs.. a few were still in the unopened, government packing - which I promptly opened.
Did not get any soft packs though. Cheers, RickO
All of mine are CC hard packs, I haven't purchased any soft packs yet. Tempted, but probably won't. I'm trying to stay with the hard packs. Surprisingly they are still asking premium; priced almost as much as the hard packs.
USAF (Ret.) 1985 - 2005. E-4B Aircraft Maintenance Crew Chief and Contracting Officer.
My current Registry sets:
✓ Everyman Mint State Carson City Morgan Dollars (1878 – 1893)
✓ Everyman Mint State Lincoln Cents (1909 – 1958)
✓ Morgan Dollar GSA Hoard (1878 – 1891)
Yeah I'm actually kind of surprised CC hard packs have held up... probably almost doubled since I bought mine. Looking at some of the pop numbers, most CC's are anything but rare. Some of the other mints are, especially the O mint marks in the later years.
Mark
Below are the GSA hard pack numbers from PCGS. I guess I can't be certain some of these aren't regular slabs with cracked out GSAs. May be missing a couple VAM's in the numbers. Here's the numbers I pulled out of PCGS pop reports:
1878-CC VAM11 281
1878-CC 4575
1878-S 15
1879 120
1879-CC VAM3 147
1879-CC 901
1879-S 455
1880-CC 8576
1880-0 1
1880-S 338
1881-CC 12,511
1881-O 212
1881-S 165
1882 17
1882-CC 27,028
1882-O 4
1882-S 135
1883 116
1883-CC 35,588
1883-O 333
1884 9
1884-CC 41,893
1884-O 475
1885 150
1885-CC 12,569
1885-O 630
1885-S 1
1886 147
1887 381
1888 1
1890-CC 924
1890-S 11
1891-CC 483
1893-CC 1
1898-O 7
1899-O 5
1900-O 10
1901-O 12
1902-O 17
1903-O 60
1904-O 14