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GSA Box or PCGS Slab??????????????

What is the feeling about the pedigree's that are on EBAY of the Carson City Silver dollars? Is it better to buy the slabbed PCGS CC $ where you know what you are getting or taking a chance on buying an ungraded GSA Box? I guess the third option would be, should I wait until the NGC graded GSA boxes come out? I am not experienced enough to look at a coin and say "Ah yes this is a MS65" so that option is out. Any advice on this?image

Comments

  • gmarguligmarguli Posts: 2,225 ✭✭
    Buy a coin you like. Period.

    Most unc CC dollars were at one time GSA dollars, so if you like the history, but one in a box. If you just want a useless pedigree, then buy a PCGS "GSA" dollar. If you just want a coin, but anyone.

    Personally, I wouldn't pay 1¢ more for a PCGS "GSA" CC dollar.
  • I collect GSA Carson City dollars, and I want them in the original holder...with the original box...and the correct paperwork. I don't care that my GSA dollar is a 62, 63, 64 etc ( I'm grading all mine out at the 62/63 range). For me, it's part of the "charm" that they are in the original holder. That being said, I think most of the real gem GSA dollars probably did get cracked out when the grading services started their popularity.

    I agree with Mr. Evil there...a GSA pedigree on a PCGS or NGC slab means nothing to me.

    If condition is more important to you, then go for the "cracked out" dollar in a graded slab.


  • have not seen all that many ultra hi end gov. cc,s. want a gov cc ta have around the house, just cuz (history & all). If you want hi end grab a slab.
    ctf
  • gripgrip Posts: 9,962 ✭✭✭✭✭
    I just sent two CC's in to PCGS in the original box's,you mean they will have GSA on the slab?Im not up to date on this ,as I dont collect them.Al
  • I totally agree with Greg regarding the GSA pedigree. Why would I pay any additional money for that? A Carson City mint mark is a Carson City mint mark. If you are inexperienced at determining the coin's grade, then stick to a quality graded coin. Find one you like!! Take lots of time to look at a number of coins. Decide if you like them with color, or all white, proof-like(PL) or DMPL (deep-mirror proof-like). Buy as high a grade as you can comfortably afford. Good luck! image
  • RYKRYK Posts: 35,798 ✭✭✭✭✭
    I wanted one example, so I bought a PCGS graded one.
  • airplanenutairplanenut Posts: 22,240 ✭✭✭✭✭
    I can't afford either, so it doesn't really matter image
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • GSA holder = provenance.image

    GSAGUY
    image
  • I like GSA Morgans and I like PCGS (Usuallyimage) So I send my higher grade GSA's to PCGS for slabbing and leave the lower grades in the GSA holder.

    " I hoard coins, that's what I do, it's my nature"
    ____________________________
  • gsaguygsaguy Posts: 2,425
    Maddox,

    For the long term, I honestly believe that the high grade GSA's will hold their value better than the same coins in PCGS holders. In fact, I believe that they often bring MORE money than the same coins in PCGS holders. And besides, you can send them to PCGS anytime you wish. But once removed from the GSA holder, they're forever removed.

    Just MHO.image

    GSAGUY
    image


  • << <i>For the long term, I honestly believe that the high grade GSA's will hold their value better than the same coins in PCGS holders. >>



    GSAGUY,

    From your experience and you are the expert on this topic, what would you price a GSA MS65, 1885 CC vs the same coin slabbed by PCGS?

    Do you find other collectors like myself who are willing to pay a higher premium for the slabbed GSA's. I don't like the GSA Holders, never have, never will. Sorryimage But I like the GSA pedigree. PLEASE tell me there are others out there like me. LOL

    I realize the counter to this is "would you take a "Redfield" or a "Binion" out of it's original holder? The answer is, no I would not. Nor would I pay the premium these coins bring.

    image
    " I hoard coins, that's what I do, it's my nature"
    ____________________________
  • northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭
    I believe a recent article in Coinage warned not to remove from the GSA holders as the demand was much higher for those in the holders and they brought a significant premium in price too for the same grade.
  • Steve27Steve27 Posts: 13,274 ✭✭✭
    While it is obvious, based on prices realized, that the GSA CC Morgan in the original holder is more desireable and of greater value, they tend to be overgraded by dealers. However, you can usually get them at reasonable prices from eBay. Since most CC Morgans came out of GSA holders, the pedigree on the PCGS slab is of no value.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • I would stick with the GSA version. In addition, a lot of us can disagree with the grading gods anyway, so I would save some money if my grading skills are up to par.
    Today's mighty oak is just yesterday's nut that held its ground.
  • gripgrip Posts: 9,962 ✭✭✭✭✭
    Educate me,how can you grade a coin in the holder? Do you remove it than replace it.Thanks Al
  • NGC is now grading GSA coins in their holders -- click here for information. I'm a bit dubious that it is going to work. Seems fertile ground for a scam if somebody can remove the label from the GSA holder.
    Life got you down? Listen to John Coltrane.


  • << <i>what would you price a GSA MS65, 1885 CC vs the same coin slabbed by PCGS? >>



    Maddox...let me give you a more vivid example. Take an 1891-CC in, say, MS-62. Probably $375-380 retail in your average PCGS holder. That same MS62 dollar in original GSA box with serialized insert card...I know a couple dealers who will pay you over $1000 for it. The key is having it in the original box and with the right card. I don't think a GSA pedigreed slab would ever get you that.
  • Good questions/comments all.

    MrFred........I believe it's NGC's intent that any attempt to remove their grading tag will destroy it, rendering it useless on another holder. While I realize that there's a profit motive for the devious, I suspect NGC has tested this theory extensively and is comfortable that their new product is tamper-proof.

    As for grip's question about grading the coin in the holder, it's done every day in the marketplace. An experienced collector or dealer doesn't need a grading service to tell them the grade of a particular coin. The downside of attempting to grade the coin in the holder is that the rims can't be examined fully. However, a buyer and a seller simply need to agree upon the grade/price in order to consumate a deal.

    Maddox.......good question and one that can't be answered here. All I know is that I've heard it repeatedly that many collectors prefer to own the coins in the original GSA holder. I consider myself among that group.

    GSAGUY
    image
  • Looks like I need to change my practice, I've got two 80's and a single 81 CC GSA and had thought about sending them in for slabbing. Perhaps you guys have swayed me to keep leave them in the original GSA holder. I'm not new to collecting, but I do have a lot to learnimage......Kinda bummed, I've got a 78 at PCGS.
    " I hoard coins, that's what I do, it's my nature"
    ____________________________


  • << <i>I've got two 80's and a single 81 CC GSA >>



    While I would NEVER advocate cracking a GSA slab...if one of your 80's is a real gem, you can go ahead and send it in. I think the average buy price on GSA 80-CCs is around $300. Are either of the 80's with the 78 reverse ??? DON'T send them in....

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