Home U.S. Coin Forum

Any end in sight to the price increase GSA CC Dollars?

I started buying these about 2 years ago and could get them all day long for $120. Seems like the price now is about $100 more. Is the supply/demand that strong on these?

Loan Shark

Comments

  • MadMartyMadMarty Posts: 16,697 ✭✭✭
    Hell just 3 years ago, you could buy common ones for $75!
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

  • I think promoters are driving the price up. I sold an unopened one on ebay for 400.00.
    I'm in contol of my own losses.
  • coinandcurrency242coinandcurrency242 Posts: 1,962 ✭✭✭✭
    It might be because of collectors are coming in because of the state quarters and new nickels. They want to collect other things than the state quarters. I would assume some of them are after morgan dollars. So it has to do with supply and demand.

    Positive BST as a seller: Namvet69, Lordmarcovan, Bigjpst, Soldi, mustanggt, CoinHoader, moursund, SufinxHi, al410, JWP

  • michaelmichael Posts: 9,524 ✭✭
    as long as the specific few promoters keep buying and hyping them the prices will continue to rise


    michael
  • it seems they are up 25% in a month
    Michael
  • Conder101Conder101 Posts: 10,536
    I think the price started jumping on them just about the same time that NGC agreed to start "slabbing" them in the GSA holders. Before that time they would sell for more in the GSA holders than out but only to GSA collectors. The majority of dollar collectors wouldn't buy if some service didn't tell them what they were buying. When NGC started slabbing the holders it opened up a much larger market for them among those wo now had someone to hold their hand.
  • Conder101 is right. They started slabbing them and more and more dealers started selling them and promoting them.

    Cameron Kiefer
  • Not only that...Carsons in general have gone nuclear the past year. Look at what's happened with the 92-CC for example
  • GandyjaiGandyjai Posts: 1,380 ✭✭
    And not too long ago....PCGS started designating GSA on the holder. If you sent
    them the coin still in the original GSA holder. Then, they crack it out themselves
    and put a big "GSA" on the slab. Started about the same time as NGC with the labels.

    Gandyjai
  • Steve27Steve27 Posts: 13,274 ✭✭✭
    I agree with Conder, it's the fact that the GSAs can be graded without cracking the slab. They now appeal to a wider group who are now buying them in all forms. (PCGS missed the boat on that one.)
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • Conder101Conder101 Posts: 10,536
    True but the people who liked the GSA holders didn't care that the PCGS holder said GSA they still didn't want them if they weren't in the original holder. With NGC they got what they considered the best of both worlds. Someone to tell them what they had plus the original holder. So they started selling like hotcakes. And since there was now a more active market for them dealers were willing to pay more for them because they could be slabbed now in the holder and you didn't have to worry about a bodybag as you might if you cracked them out.
  • When one considers that they have a great history, came straight from the US Government and have not been "messed with", they may still be underpriced!!
  • anablepanablep Posts: 5,097 ✭✭✭✭✭
    Some of the only Morgans you know have never been touched with ungloved hands after minting...
    Always looking for attractive rim toned Morgan and Peace dollars in PCGS or (older) ANA/ANACS holders!

    "Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."


    ~Wayne
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Lot of people buying them. Supply and demand obviously has a lot to do with it. Not just fake promotions.


    Tom

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file