Options
A question about GSA Hoard unopened packages?
Tiny
Posts: 2,598
I was talking to a friend today about how I see auctons for unopened GSA Carson City dollars
and that there could be great coins in there and to spin the wheel or gamble and maybe a big
money coin inside. Now he said that back in the day and probably today also that there is a
code on the boxes that tells what is really in there. I've read a little about the selling off the hoard
but never saw anything like that before. Is that a true statement that unopened packs can be
IDed by a code on the box?
0
Comments
Go look on eBay. Do you see the codes?
If they are in the packaging they were mailed in, yes, the code is right there, in the form of the year itself.
Look here.
And, the ones you see on eBay in plain brown cardboard were most likely taken out of the original package, identified as 1882, 1883, or 1884. If you think about it, why would anyone take them out of the shipping package and not open them after that, or at least label the inside box.
Inflation adjusted, most of the GSA dollars are selling for about what they were bought for back then. Funny.
<< <i>You're not likely to find a rare date in an unopened GSA box. However, there are still condition rarities out there. Earlier this year I bought some unopened GSAs off a guy who had over 100 boxes of them. One 1884-CC went 65 DPL and another went 63 DPL at NGC. So there are still cool finds out there. >>
How much did you pay for them?
<< <i>Inflation adjusted, most of the GSA dollars are selling for about what they were bought for back then. Funny. >>
They sell for ~$200 ungraded today and according to this inflation calculator: Link and from what I can gather they were issued at $28 a pop back in 1972 which is worth around $144.27 today. It's ahead, but only by a little
<< <i>
<< <i>You're not likely to find a rare date in an unopened GSA box. However, there are still condition rarities out there. Earlier this year I bought some unopened GSAs off a guy who had over 100 boxes of them. One 1884-CC went 65 DPL and another went 63 DPL at NGC. So there are still cool finds out there. >>
How much did you pay for them? >>
He was selling them for $225. I bought 10 of them. As you'd expect, aside from the 2 DPLs, 8 of them turned out to be baggy MS 61-62 common date 83CC/84CCs worth about $140 wholesale.
As Tiny said, it sure was fun to "spin the wheel."
Currys Chronicle 2011
I'm sure back issues are available from the club. You might also do a search thru past threads on this forum since this is not the first time this topic had come up before.
I'm assuming the outer box might have described the contents. Can anyone clarify?
Seems the BIN's are in the $400 range, one seller was selling 10 unopened boxes for $4k.
EDIT: I suppose one benefit from buying these is that the coins came straight out of a Mint bag then placed into GSA holders.
<< <i>The unopened boxes I've looked at currently on Ebay were white with no markings.
I'm assuming the outer box might have described the contents. Can anyone clarify?
Seems the BIN's are in the $400 range, one seller was selling 10 unopened boxes for $4k.
EDIT: I suppose one benefit from buying these is that the coins came straight out of a Mint bag then placed into GSA holders. >>
The plain with no date stamps are common 82,3,4 dollars. They were shipped in multiples of 6 if I recall. You could buy
less than 6 but the big boxes had 6 coins. Condition rarity is all you will find. the rarer dates of 78, 79, 80, 81, 85, 90 and 91
were stamped with the date on the box. These were sold in limited quantities and I've never seen a box of 6 of these.
They did not come straight from a bag and into the holder. They were all sorted to cull out the tarnished and heavily
scratched coins to be sold off in the mixed category along with obvious circulated coins.
Most of the 78's were sold in the soft packs. Although there are hard pack 78's just not as many as the soft packs.
Read Mitchell's article for all the right info.
bob