Non-GSA designation

morganbarber

I know that one can have "GSA" listed on their PCGS slab. Assuming, however, that there was a "Not GSA" listing available, wouldn't it be much more rare for a high grade CC Morgan to NOT be GSA? Isn't it assumed, regardless of what the slab says, that a MS CC Morgan probably came from the GSA sale? This is purely hypothetical, but if I had a CC Morgan in PCGS 66-67 which did not come from the GSA sale, I would think that it would be an astronomical rarety and highly, highly, valuable.

Bochiman

I don't think that way.
I think the GSA designation adds "unique" history to the coin but that a non-GSA dollar is just like many other coins of that time era that survived in whatever grade.
Also, it seems that the larger percentage of the GSA dollars are a tad nicer in the appearance (less marks) than some of the others (I could be wrong, and if I am, I am certain someone will correct me ).

So, I don't think a non-GSA CC morgan would be worth more to me than GSA (same grade, and all else being equal). In fact, the GSA, because of the history, especially if still in the GSA case, would be a slight favorite in the $$$ department I think.

Ron

XpipedreamR

I personally wouldn't pay much if any extra for a pedigree, so I defintiely wouldn't pay big bucks for an "anti-pedigree."

If a coin is a certain date/mintmark/condition, I don't reallty care that much what path it took to my collection!

Conder101

The problem would be how do you prove that a high grade CC dollar is NOT a GSA? The GSA dollars came out in 1972 and PCGS didn't start until 14 years later. In the meantime a huge number of GSA dollars were broken out of their government holders. And for the ten years plus before they started putting the GSA designation on the holders many more GSA dollars were cracked out. So you have a high grade CC, how do you determine whether this was never in a GSA holder or one of the crackouts from that 22 year period? If you can't then you can't call it a non-GSA CC.

mintluster

I guess it's just me but I really don't see what the big deal is about if one of my MS Morgans is from the GSA sale or not. To be honest I could care less.

mintluster

<< <i>The problem would be how do you prove that a high grade CC dollar is NOT a GSA? The GSA dollars came out in 1972 and PCGS didn't start until 14 years later. In the meantime a huge number of GSA dollars were broken out of their government holders. And for the ten years plus before they started putting the GSA designation on the holders many more GSA dollars were cracked out. So you have a high grade CC, how do you determine whether this was never in a GSA holder or one of the crackouts from that 22 year period? If you can't then you can't call it a non-GSA CC. >>


And this is a very good point. Just like all of the population numbers for slabbed coins are wrong (due to all of the crack-outs and crossovers), determing the GSA designation for Morgans that "look like a GSA" is impossible because so many were cracked out of those GSA cases and slabbed back before anyone started using the GSA designation.