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Interesting offer via email for those interested in CC's not offered in the original GSA sale

DUIGUYDUIGUY Posts: 7,252 ✭✭✭
I have nothing to do with this money wise , just thought it was interesting !

I’ve been trying to reach you for ages. Chris, our buyer, got a call from another dealer about a week ago offering us something unique.
Apparently a bag of 1890-CC Morgans from the government hoard that was never processed in the initial public offering in the 70’s was
Recovered and 500 of the coins were sent to PCGS for grading. 325 came back MS62 and the rest 63’s, 64’s and 65’s. He kept the
Better grades and offered us the 325 62’s which we bought. PCGS authenticated this find by putting a special label on these that say
“Carson City Collection”. As you know, the 1890-CC GSA’s sell for about $2,000 now. These coins are in PCGS slabs and we are selling
Them off at $650 each. Several clients bought a PCGS box of 20 coins at $12,500. These are authenticated as coins from the GSA
Hoard but are not in the GSA holders as that packaging will never be duplicated. Try to call me because this is a unique deal and we
Are the only ones with it.


“A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly."



- Marcus Tullius Cicero, 106-43 BC

Comments

  • Steve27Steve27 Posts: 13,275 ✭✭✭
    "Apparently a bag of 1890-CC Morgans from the government hoard that was never processed in the initial public offering in the 70’s was
    Recovered ..."

    I wonder what "recovered" means?
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • tradedollarnuttradedollarnut Posts: 20,186 ✭✭✭✭✭
  • $2000 each? please show me somewhere that supports that price.
  • I don't know if I buy the story....but MS62 CC's probably look like they've been in a blender with Barbed Wire image
  • krankykranky Posts: 8,709 ✭✭✭
    Nobody seems to care if a PCGS holdered coin says "GSA" on the label. Once it's out of the GSA packaging, it's just another Morgan. And I am going to call that guy's bluff and say that his 1890-CCs don't even have GSA on the label as he implies.

    New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

  • DUIGUYDUIGUY Posts: 7,252 ✭✭✭


    << <i>$2000 each? please show me somewhere that supports that price. >>




    He is asking $650,,,,,, or 20 for $12,500 ,,,,,,,,,, even at this price I agree with you !!
    “A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly."



    - Marcus Tullius Cicero, 106-43 BC


  • << <i>

    << <i>$2000 each? please show me somewhere that supports that price. >>




    He is asking $650,,,,,, or 20 for $12,500 ,,,,,,,,,, even at this price I agree with you !! >>



    this is what I am talking about...............



    << <i>As you know, the 1890-CC GSA’s sell for about $2,000 now >>

  • StrikeOutXXXStrikeOutXXX Posts: 3,352 ✭✭✭✭✭
    Not sure if this is the official website, but a google led me here. Carson City Collection

    Their prices for the 63's & 64's are below image

    Carson City 1890 MS-63:
    $1,575 per coin

    Carson City 1890 MS-64:
    $3,575 per coin
    ------------------------------------------------------------

    "You Suck Award" - February, 2015

    Discoverer of 1919 Mercury Dime DDO - FS-101
  • This should be interesting. Half will say, get outta here with that weak stuff, we're not a bunch of local yokels around here.

    Half will say, hmm, gotta be true, it's on the internet and everything. I'm goona be rich!

    And half will say, why didn't I think of that?
    Quis custodiet ipsos custodes?

    Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."

    image
  • DUIGUYDUIGUY Posts: 7,252 ✭✭✭


    << <i>Not sure if this is the official website, but a google led me here. Carson City Collection

    Their prices for the 63's & 64's are below image

    Carson City 1890 MS-63:
    $1,575 per coin

    Carson City 1890 MS-64:
    $3,575 per coin >>



    Nope ,,,, not the correct site .
    “A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly."



    - Marcus Tullius Cicero, 106-43 BC


  • << <i>Not sure if this is the official website, but a google led me here. Carson City Collection

    Their prices for the 63's & 64's are below image

    Carson City 1890 MS-63:
    $1,575 per coin

    Carson City 1890 MS-64:
    $3,575 per coin >>



    we are talking about ms62's.

    here is the part in the original post about ms62's



    << <i>Better grades and offered us the 325 62’s which we bought. PCGS authenticated this find by putting a special label on these that say >>






    << <i>“Carson City Collection”. As you know, the 1890-CC GSA’s sell for about $2,000 now. >>




    to me you or someone is saying the ms62's are selling for $2000

  • krankykranky Posts: 8,709 ✭✭✭


    << <i>$2000 each? please show me somewhere that supports that price. >>



    Covina Coin is offering $1600 to buy 1890-CCs IN GSA HOLDERS in last week's Coin World, so a selling price of $2000 seems reasonable.

    New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

  • dragondragon Posts: 4,548 ✭✭
    IMO the 90-CC and 91-CC are currently 2 of the most overpriced of all the CC Morgans in all MS grades, and I think someone would also be a fool to crack out original 1890-CCs from their GSA holders, especially the lower grade ones.
  • BAJJERFANBAJJERFAN Posts: 31,221 ✭✭✭✭✭
    Has anyone checked the PCGS pop numbers to see if there was a large increase in ms62 coins?
    theknowitalltroll;
  • Dog97Dog97 Posts: 7,874 ✭✭✭
    I call BS on the story. Every bag of silver dollars in existence originated from the government “hoard.”
    Change that we can believe in is that change which is 90% silver.


  • << <i>I call BS on the story. Every bag of silver dollars in existence originated from the government “hoard.” >>



    I concur. The price isn't that great either. Sounds like someone trying to unload extra coins with a nice story.

    Here are links to several recent 1890 CC's on Teletrade.

    $525 PCGS

    $550 PCGS

    $450 (ICG)

    $550 NCG 62 PL



  • Sounds like a scam to me.

    Meanwhile I am perfectly happy with the one 1883CC and one 1884CC that I purchased from the last GSA sale in 1980. Both are nice and the packaging is just pristine because they have been sitting in my safe deposit box for the last 26 years!! image
    Enjoy each day as though it was your last.
  • coindeucecoindeuce Posts: 13,496 ✭✭✭✭✭


    << <i>I have nothing to do with this money wise , just thought it was interesting ! PM if you would like to talk to the owner.

    I’ve been trying to reach you for ages. Chris, our buyer, got a call from another dealer about a week ago offering us something unique. >>


    Oh great. Another friend of a friend of a friend deal. The G.S.A. is and always has been held to a higher degree of accountability as a government agency. Does anyone here really believe that the G.S.A. could have possibly missed a complete bag of dollars under any circumstance? Furthermore, does anyone here really believe that even if the bag was missed in the 1970's accounting of the Treasury hoard, that it could have gone unnoticed for another 35 years and then mysteriously end up in a dealer's hands?
    imageimageimageimageimageimageimageimageimage

    "Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
    http://www.american-legacy-coins.com

  • coindeucecoindeuce Posts: 13,496 ✭✭✭✭✭


    << <i>This should be interesting. Half will say, get outta here with that weak stuff, we're not a bunch of local yokels around here.

    Half will say, hmm, gotta be true, it's on the internet and everything. I'm goona be rich!

    And half will say, why didn't I think of that? >>


    image A half plus a half plus a half = a(w)hole and a halfimage

    "Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
    http://www.american-legacy-coins.com

  • I got this same spiel but it came from a guy named "Norm" who said he was from Goldline. The prices were very similar and the story on the bags was identical. This happened last week.image I told my wife it was a "cold call" from some outfit.image
    Gary
    image
  • sweetwillietsweetwilliet Posts: 2,315 ✭✭✭
    The 1890 cc GSA does carry a premium over non-GSA dollars, but if this story is true, that premium will now become very minimal. To validate the story, all we need is for the seller to send us the cert numbers, they should all be sequential or nearly sequential (as the ms63-65 were removed) and they can be looked up on the pcgs website. The cert verification will say GSA, and one submission of 325 GSA 1890 cc dollars would be pretty hard to duplicate.
    Listen. Strange women lying in ponds distributing swords is no basis for a system of government. Supreme executive power derives from a mandate from the masses, not from some farcical aquatic ceremony.
    Will’sProoflikes


  • << <i>

    << <i>This should be interesting. Half will say, get outta here with that weak stuff, we're not a bunch of local yokels around here.

    Half will say, hmm, gotta be true, it's on the internet and everything. I'm goona be rich!

    And half will say, why didn't I think of that? >>


    image A half plus a half plus a half = a(w)hole and a halfimage >>



    It was a takeoff of a Yogi Berra riff.

    Anyway, I don't see anyone thanking the author for passing on the email. Where are your manners?
    Quis custodiet ipsos custodes?

    Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."

    image
  • I think you folks are missing a possibility.



    << <i>Apparently a bag of 1890-CC Morgans from the government hoard that was never processed in the initial public offering in the 70’s was
    Recovered and 500 of the coins were sent to PCGS for grading. >>


    Translation: We bought 500 coins from a guy who got a bag of 1890-CC dollars back in the early 60's during the silver dollar run on the Treasury. (They were acquired in the early 60's so they were "never processed in the intial public offering in the 70's"



    << <i>PCGS authenticated this find by putting a special label on these that say
    “Carson City Collection” >>


    Translation: We paid PCGS a bundle and they are putting a special label on the slabs that has a catchy name on it that we ordered. (Notice it says Carson City Collection, it says NOTHING about the GSA.)

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