What type of premium do NGC certified GSA holdered CC dollars carry over certified non-GSA CC Dollar
SethChandler
Posts: 1,719 ✭✭✭✭
Common dates only. Not 91-CC, 79-CC, etc.
Seth
Seth
Collecting since 1976.
0
Comments
That's actually a tough question to answer because of the variables. However, I can say this. The highest graded GSA's are bringing huge premiums because the owners are trying to promote the coins for registry sets.
For instance, I looked at an 1883-CC in NGC MS67 in St. Louis. The coin was decent of course, but could just as easily have graded MS66 in my view. The asking price? 9,500 American Dollars!!!!!! I asked the guy why he had it priced about 3 times greysheet for the grade and he responded, "because it's the only one they've graded." Of course, I've got many in my personal collection that are that nice, or nicer, so I'd never pay that premium just because it was the only one certified to date.
Now, I did pay $1,600 for an 1885-CC GSA in NGC MS66....which is above greysheet. But this particular coin is a real beauty, very strong for the grade, and loaded with eye appeal. I could easily see it certified as an MS67, therefore my willingness to pay the premium.
Hope this helps.
GSAGUY
When are we gonna see pictures of all these wondercoins you have?
Seth
GSAGUY
What's your favorite GSA CC Dollar in your collection? How did you acquire/find it?
Seth
I've got a couple of 79-CC's, one regular die, one capped that will both grade MS66. They're both pretty cute.
And then there's the 80-CC reverse of 78 that would grade MS66 with incredible obverse rainbow (and I mean rainbow) toning. I've got another 80-CC reverse of 78 (brilliant white and frosty) that I think has a legit shot at MS67. The latter looks to be two full grades higher than any other white 80-CC rev of 78 I've ever seen.
And then there are several 85-CC's that are almost flawless.
Oh, and I've got some cute DMPL's that one fellow described as 'wonder coins'.
And then........................you get the picture.
GSAGUY
Seth
I'm pretty sure a couple of those 85-CC's in my collection would grade MS68.....but when it comes to those lofty grades, who knows?
I started buying top grade GSA's in 1985 at a time when no one paid much attention to them. I could often buy the best of the best with little premium over sheet prices. I worked with 3 or 4 dealers scattered out around the country and I was not afraid to pay really strong money for the right coins. It was never price first when I received a coin, it was the condition of the coin that mattered. If it met my standards, then the price was secondary.
Fortunately, I was able to put away some really cool coins and they've not been on the market since. It's sort of like that NGC MS67 coin I saw in St. Louis. The coin struck me as 'okay'. It just lacked the 'pop' that an MS67 needs. I've got pieces in my collection that I liked much better.
Without looking at the PCGS pop reports, I'd have to say that the best CC pieces are graded MS68.
GSAGUY
GSAGUY
In all honesty, after attending numerous shows around the country and looking at what are supposed to be cool coins, I shake my head when I pull some of my better coins out of the safety deposit box.
I was there last week looking for a certain coin and found a group of 4 with a rubber band around the boxes. When I opened them I was amazed at the overall quality of the coins. It was a group of 4 1885-CC's that all had the same look and all were practically flawless. You just don't see them like that too often these days.
We'll use our hands and hearts and if we must we'll use our heads.
GSAGUY
Seth
At the time I started buying GSA's, most dealers would just as soon have cracked them out of the holders because of their size. Also, when PCGS got cranked up in Feb 1986, everyone wanted to see how they'd grade the coins. It was always a struggle to convince the dealers that they should leave the coins in the original holders and give me a shot at them. However, it is a fact that there were not a lot of collectors out there looking for them in the GSA holders.
As for your question about those specific coins, yes, any 85-CC in MS67 will attract a lot of attention. All I'm saying though is that I didn't have to pay a significant premium over sheet prices because of the GSA holder. Today, the best GSA's are bringing much stronger prices than the sheets.
GSAGUY
Seth
BTW, are your 85-CCs MUCH better than the one you paid 1600.00 for recently?
And its neat to see the appreciation for these coins come around. In the late 80's I bought a 91-CC for MS63 greysheet ask, around 225.00. Today, its a real nice MS64....my favorite GSA.
Seth
Paul in Pine Hill
----------------------------------------
My ebay auctions