That's insane. You could buy a really nice slabbed MS64 pair for around $2500, and have enough left over to buy a MS64 92-CC. I can see a bit of a premium for the GSA holder, but this is ridiculous.
The premium has been that way for a while. Get used to it. It will continue!
Constellatio Collector sevenoften@hotmail.com --------------------------------- "No Good Deed Goes Unpunished!" "If it don't make $" "It don't make cents""
I do believe them's is awful scarce in the GSA holder - the latest ultimate example of paying for the plastic? Still, make the profit motive high enough and some lower-end slabbed GSAs might just "find" their way back into GSA cases, hmm? Where there's a will, there's a way.
I do agree, I'd rather pay for the quality of the given coin, more than the holder here.
About a year ago I sold my 1890-CC GSA dollar because I thought the prices would eventually come down. Maybe I should have kept it a little longer. I sold it for $1300.00. No biggie. I do agree that this premium is a bit too much.
We get constantly pounded about "buy the coin not the holder". The fact is, with the exception of the 89-CC and the 93-CC, just about all MS CCs came out of the treasury hoard from the late 40s to the early 60s. Not many 90-CC or 91-CCs were in the GSA hoard because bags of them were released by the treasury prior to 1964.
You can about guarantee that many if not most of them were cracked. After thirty years of cracking, 18 years of slabbing with the chorus chanting "If it isn't PCGS or NGC who knows what problems there must be.", and the great run up in 1989 etc. the number still in GSA shells is probably a small fraction of the original number.
arnieb12
Posts: 2
Comments
<< <i>I can see a bit of a premium for the GSA holder, but this is ridiculous. >>
Agreed.
Morgan Dollar Aficionado & Vammer
Current Set: Morgan Hit List 40 VAM Set
---------------------------------
"No Good Deed Goes Unpunished!"
"If it don't make $"
"It don't make cents""
I do agree, I'd rather pay for the quality of the given coin, more than the holder here.
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
With sales of 3,949 and 5,687 respectively, I'm not sure they're worth that much of a premium, but most were probably cracked-out.
<< <i>most were probably cracked-out. >>
You can about guarantee that many if not most of them were cracked. After thirty years of cracking, 18 years of slabbing with the chorus chanting "If it isn't PCGS or NGC who knows what problems there must be.", and the great run up in 1989 etc. the number still in GSA shells is probably a small fraction of the original number.