78-cc soft pack with color

TONEDDOLLARS · January 15, 2017 12:40PM

Not to often I get the opportunity to purchase a 78-cc with this kind of color. Just thought I would share.

Kccoin · January 15, 2017 12:47PM

She's pretty. Why is it in a soft pack, as opposed to a hard GSA?

Flatwoods · January 15, 2017 12:51PM

Very nice.

messydesk · January 15, 2017 1:03PM

Wow! Very nice.

CascadeChris · January 15, 2017 1:06PM

Holy moley. That's a nice 78cc!

TONEDDOLLARS · January 15, 2017 1:18PM

@Kccoin said:
She's pretty. Why is it in a soft pack, as opposed to a hard GSA?

It seems that all toned 78-cc's were put in soft packs. I have not seen a toned 78-cc from the GSA hoard in anything but a soft pack. For some reason this thinking changed on all coins dated 79 on

CommemKing · January 15, 2017 1:29PM

Wow! Lucky you!

Mitchell · January 15, 2017 1:53PM

Nice!

CascadeChris · January 15, 2017 2:06PM

Have you VAMmed it yet?

TONEDDOLLARS · January 15, 2017 2:08PM

Mitchell, always enjoy looking at your set of mirrored beauties over, nice set.

Walkerfan · January 15, 2017 2:35PM

Love it!!

CCDollar · January 15, 2017 2:50PM

I will chime in too...that's a real prize. I had heard that most GSA dollar where dipped...don't know. Not that one!
CC

CCDollar · January 15, 2017 2:52PM

"were dipped" Yes I know...have to learn how to edit.....

TONEDDOLLARS · January 15, 2017 3:22PM

@CCDollar said:
I will chime in too...that's a real prize. I had heard that most GSA dollar where dipped...don't know. Not that one!
CC

CC dollar, not so sure about that statement. I own 125 GSA's both hard and soft pack. A good 75% of which have toning. Pretty nice toning if you ask me

dsessom · January 15, 2017 3:28PM

I ordinarily don't care much for rainbow toned coins, but that is really gorgeous! It also happened to be one of my favorite dates for a Morgan!

CCDollar · January 15, 2017 5:14PM

TONEDDOLLARS...Thanks for the reply dismissing this old urban rumor...Great Information...
CC

AUandAG · January 15, 2017 5:21PM

Sure is purdy!

bob

logger7 · January 15, 2017 5:42PM

Worth multiples of regular pricing, not sure how the color pros would calculate this one. https://www.cointalk.com/threads/rainbow-tonings-effect-on-price.39837/

Mitchell · January 15, 2017 5:42PM

@TONEDDOLLARS said:

@Kccoin said:
She's pretty. Why is it in a soft pack, as opposed to a hard GSA?

It seems that all toned 78-cc's were put in soft packs. I have not seen a toned 78-cc from the GSA hoard in anything but a soft pack. For some reason this thinking changed on all coins dated 79 on

You have to remember that when the GSA staffers were trained on how to sort the coins, they started on the first date, 1878. I don't have my files (am traveling) in front of me, but the number that sticks in my head is that something like over 35,000 1878-CCs that could have gone into hard packs were put into soft packs. With further training, GSA staff did learn out how to separate uncirculated and circulated coins, as seen by the huge drop in the populations of soft packs after 1878.

lkeigwin · January 15, 2017 5:49PM

Great look!

How's the reverse?
Lance.

Mitchell · January 15, 2017 5:51PM

@CCDollar said:
I will chime in too...that's a real prize. I had heard that most GSA dollar where dipped...don't know. Not that one!
CC

Am not sure where that rumor started but all of the GSA documentation that I have about how the coins were handled do not include any kind chemical processing like dipping. I think that for the GSA to dip nearly 3 million dollars with an untrained staff would pose huge problems ranging from training staff on how to dip, how to rinse, how to dry, building or finding the facilities to dip the coins, etc.

jtlee321 · January 15, 2017 5:59PM

Wow!! Gorgeous '78..

CascadeChris · January 15, 2017 6:12PM

@Mitchell said:

@CCDollar said:
I will chime in too...that's a real prize. I had heard that most GSA dollar where dipped...don't know. Not that one!
CC

Am not sure where that rumor started but all of the GSA documentation that I have about how the coins were handled do not include any kind chemical processing like dipping. I think that for the GSA to dip nearly 3 million dollars with an untrained staff would pose huge problems ranging from training staff on how to dip, how to rinse, how to dry, building or finding the facilities to dip the coins, etc.

Maybe he's confusing dealers that bought treasury bags and the stories of obsessive dipping in hotel rooms before the GSA handled the rest

blu62vette · January 15, 2017 6:29PM

Great looking toner for a soft pack!!

Kccoin · January 15, 2017 8:00PM

@Mitchell said:

@TONEDDOLLARS said:

@Kccoin said:
She's pretty. Why is it in a soft pack, as opposed to a hard GSA?

It seems that all toned 78-cc's were put in soft packs. I have not seen a toned 78-cc from the GSA hoard in anything but a soft pack. For some reason this thinking changed on all coins dated 79 on

You have to remember that when the GSA staffers were trained on how to sort the coins, they started on the first date, 1878. I don't have my files (am traveling) in front of me, but the number that sticks in my head is that something like over 35,000 1878-CCs that could have gone into hard packs were put into soft packs. With further training, GSA staff did learn out how to separate uncirculated and circulated coins, as seen by the huge drop in the populations of soft packs after 1878.

So a large amount of GSA soft packs dated 1878-CC are in fact uncirculated? This correlates with what @TONEDDOLLARS said about seeing toned GSA's of 1878-cc in only softpacks.

The GSA staff must have seen the bag toners as being impaired, circulated, or what have you. What a lucky bunch to have handled such coins, like the Morgan in the OP

Mitchell · January 15, 2017 8:27PM

So a large amount of GSA soft packs dated 1878-CC are in fact uncirculated?

Yes. Consider that the current NGC 1878-CC census is:

Hard pack: 3273 MS60 or better
Soft pack census is 574 with only 12 graded below MS60.

Of course, many hard and soft packs are still ungraded but I think it's reasonable to assume that the census ratios aren't going to change much if more GSAs are certified.

asheland · January 15, 2017 9:52PM

A beauty for sure!

AuroraBorealis · January 15, 2017 11:46PM

Very nice original look and cool soft pack!

mannie gray · January 15, 2017 11:47PM

@Mitchell said:

@CCDollar said:
I will chime in too...that's a real prize. I had heard that most GSA dollar where dipped...don't know. Not that one!
CC

Am not sure where that rumor started but all of the GSA documentation that I have about how the coins were handled do not include any kind chemical processing like dipping. I think that for the GSA to dip nearly 3 million dollars with an untrained staff would pose huge problems ranging from training staff on how to dip, how to rinse, how to dry, building or finding the facilities to dip the coins, etc.

Not to mention OSHA compliance, MSDS sheets, HAZMAT training...or was this before all that?
I think OSHA's been around a while.

Cacoinguy · January 16, 2017 5:42AM

This coin is in a NGC MS62 star holder right?

logger7 · January 16, 2017 6:09AM

It should be worth a good premium: https://www.cointalk.com/threads/rainbow-tonings-effect-on-price.39837/

ArtR · January 16, 2017 6:46AM

A very nice dollar and hard to find.

lablover · January 16, 2017 7:03AM

@TONEDDOLLARS said:

@CCDollar said:

CC dollar, not so sure about that statement. I own 125 GSA's both hard and soft pack. A good 75% of which have toning. Pretty nice toning if you ask me

Jack, I hope if I'm ever in your area I'll get to see the collection. Must be fantastic!!!

ArtR · January 16, 2017 7:27AM

To the best of my knowledge GSA never dipped a dollar, but years ago many GSA toned dollars were broken out of there holders by some dealers and dipped.

TONEDDOLLARS · January 16, 2017 10:42AM

@lablover said:

@TONEDDOLLARS said:

@CCDollar said:

CC dollar, not so sure about that statement. I own 125 GSA's both hard and soft pack. A good 75% of which have toning. Pretty nice toning if you ask me

Jack, I hope if I'm ever in your area I'll get to see the collection. Must be fantastic!!!

That would be very much doable if you ever are. Missed you at FUN

TONEDDOLLARS · January 16, 2017 10:44AM

@Cacoinguy said:
This coin is in a NGC MS62 star holder right?

No it's not graded 62 *

TONEDDOLLARS · January 16, 2017 10:47AM

@ArtR said:
To the best of my knowledge GSA never dipped a dollar, but years ago many GSA toned dollars were broken out of there holders by some dealers and dipped.

Art, like a lot of toned coins, some dealers just wanted to get rid of the tarnish. There are stories of dealer dumping bags of dollars in bath tubs to whiten them up. But you already knew that

FredWeinberg · January 16, 2017 11:11AM

None of the GSA dollars were dipped
while in govt. control......after, yes, of course,
many were.

The toned coins were originally put in the soft pack
plastic, as the GSA at first thought those toned coins
were not 'first quality' or collector quality for B.U. coins.
That changed/evolved over time.

Cacoinguy · January 16, 2017 11:11AM

When I owned this coin it was graded by NGC as Ms62* . Great coin in hand always felt it warranted a higher grade

TONEDDOLLARS · January 16, 2017 12:15PM

@Cacoinguy said:
When I owned this coin it was graded by NGC as Ms62* . Great coin in hand always felt it warranted a higher grade.

How long ago did you own it. I have had it for awhile now. It' was raw when I bought it maybe four or five years ago. I would grade it 63*

TONEDDOLLARS · January 16, 2017 12:20PM

@FredWeinberg said:
None of the GSA dollars were dipped
while in govt. control......after, yes, of course,
many were.

The toned coins were originally put in the soft pack
plastic, as the GSA at first thought those toned coins
were not 'first quality' or collector quality for B.U. coins.
That changed/evolved over time.

Thanks Fred, and for the record I am so happy for the change. I own several 78-cc toners and all are in soft packs. My white 78-cc's are all in hard packs. I have seen a very few toned soft pack CC's, one just recently at FUN. All my other toners in soft packs are non CC dollars.

Justacommeman · January 16, 2017 12:45PM

Jack nice coin!

Question, I acquired this 81-O soft pack in a deal quite a few years ago. Is there a place I can find a range of values?

Thank you

mark

keyman64 · January 16, 2017 12:50PM

Nice!

TONEDDOLLARS · January 16, 2017 2:02PM

Mark , here are a couple of my 81-o's you can judge for yourself based on my PM

LeeBone · January 16, 2017 2:11PM

@TONEDDOLLARS said:
Not to often I get the opportunity to purchase a 78-cc with this kind of color. Just thought I would share.

Windycity · January 16, 2017 2:55PM

Very Nice!!! Congrats!!

rainbowroosie · January 16, 2017 3:47PM

Awesome!

Cacoinguy · January 16, 2017 9:30PM

Id say its been 5 or so year now , bought it from a small midwest dealer. Doubled the price and put it on ebay for kicks. Sold within two minutes to a guy out here in southern california who then unloaded it at the long beach show . One of those coins i wish i hadnt gotten rid of. Did you post pics of it on the ngc boards when you first bought it years ago?

TONEDDOLLARS · January 17, 2017 7:20AM

That pretty much follows what I know about the coin. a friend of mine was at the LB show and called me about the coin

etexmike · January 17, 2017 7:38AM

A CC dollar and very nice toning. A double win.

Mike

gemtone65 · January 17, 2017 8:42AM

Heck of a coin! Love that emerald green streak down the middle of the obverse. Very hard to find this color on any GSA, let alone a 78-cc.

78-cc soft pack with color

Comments

Leave a Comment