1889-CC GSA found?
jmcu12
Posts: 2,452 ✭✭✭
I was reading an article and in it they said that the sole 1889 CC in a GSA holder had been found and certified by NGC as MS 62.
I checked NGC's site and they show it as DPL too!
Anyone hear of this? Or have a picture, it was supposedly at the Baltimore show that it was revealed?
Or am I late to the show?
I checked NGC's site and they show it as DPL too!
Anyone hear of this? Or have a picture, it was supposedly at the Baltimore show that it was revealed?
Or am I late to the show?
Awarded latest "YOU SUCK!": June 11, 2014
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Was it a mistake?
Then I went to NGC's population site and verified it...clear as day there is one 1889 CC GSA graded MS 62 DPL
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Here's the 93cc in flat pack.
- Marcus Tullius Cicero, 106-43 BC
who is the owner of the coin. He told me he had it insured for over 1 milliuon dollars and was
not for sale. In my opinion the coin is not a DMPL but a PL. I have a 79-cc in a GSA holder that has deeper mirrors
and is only graded Pl. I know, sour grapes, but it is just the way I see it.
Rainbow Stars
<< <i>Has anyone here seen the 1893 cc GSA in hard plastic holder?
Here's the 93cc in flat pack.
show off!
myCCset
He wasn't worried that the case would break?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
The coin is what it is, and ugly to boot.
It is not housed in an even bigger piece pf plastic that looks like yo could run over it with a truck and still not mess up the GSA holder.
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
I've seen the coin before and agree with the visual assessment: it's a 62 PL at best.
The "importance" of this coin is that it's the only 93CC from the GSA hoard to meet the GSA's definition of uncirculated at the time of packaging and thus was placed into a GSA hard pack.
but there is only one,
it was offered in I believe 1997 for $40-$45k, by a Seattle dealer
the 92-cc and 93-cc are still missing, 1 each in gsa plastic.
these three coins were rumored not to be in the hoard but one each of those three dates included in gsa plastic so that a "complete set" would travel the country in promotion of the gsa sales.....
<< <i>The coin is indeed real and was graded by NGC as ms62DPL. It has been long rumored that there was only one coin from each date for 1889-CC, 1892-CC and 1893-CC included in the GSA Hoard of Morgan Silver Dollars. This is the first one of the three dates to surface publicly and be graded by NGC in the GSA holder. As far as anyone knows, it is unique and the only 1889-CC in the hard pack GSA holder. I have spoken to the owner and seen a picture of the coin. Despite my request to see the coin in person, he did not bring it out to the last Long Beach Show due to security reasons (I would leave it in a safe deposit box too), but it is for sale - at the right price - way out of my league, though! >>
That great that it has been verified to exist......
...BUT DOES ANYONE HAVE PICS OF IT?!?!?!?!?!?!?!?!
It would blend in real well in my Dansco.
So, how much is this item? Low seven digits? High six? Mid five? I have no clue.
my early American coins & currency: -- http://yankeedoodlecoins.com/
Rainbow Stars
I'm not suggesting this, but is it, or is it not conceivable that a GSA holder could have carefully been opened and the coin replaced with a rarer date?
Just curious.
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
<< <i>Isn't it odd that just ONE MS 1889 CC was in the GSA hoard?
I'm not suggesting this, but is it, or is it not conceivable that a GSA holder could have carefully been opened and the coin replaced with a rarer date?
Just curious. >>
Bing, Bing, Bing!!! I think we have a winner!
That's exactly what I was thinking Utah
I'm not suggesting this, but is it, or is it not conceivable that a GSA holder could have carefully been opened and the coin replaced with a rarer date?
Just curious. >>
Are you saying that we might have dishonesty here...I am mortified, nay, shocked, nay, in disbelief!!!!
morris
** I would take a shack on the Rock over a castle in the sand !! **
Don't take life so seriously...nobody gets out alive.
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I got a call before it appeared from the very same dealer, the coin was part of the travelling "show" promoting GSA CC's sales, it was one date missing from the hoard so they encased one 89, on 92 and one 93 cc's for the group. To my knowledge the 92 and 93 cc's have never seeen the light of day since.
A decent original properly graded 1889-CC MS62 is worth about $24K - $26K. There is not much premium for prooflike surfaces on an 1889-CC, as a good percentage of MS coins are prooflike. DMPL surfaces carry a premium at higher grades, but not much at MS62. So if this coin were in a PCGS MS62DMPL holder, it would be a $25,000 coin. Add to that some premium for being the only 1889-CC GSA - perhaps double or triple? I can't see it being more than a $80K coin, $100K in my wildest imagination (and probably not in today's market, which is definitely losing steam).
Best,
Sunnywood
Sunnywood's Rainbow-Toned Morgans (Retired)
Sunnywood's Barber Quarters (Retired)
Very old thread.
With the amount of resurrections lately I am thinking cryogenic preservation may be working....
Cheers, RickO
** I can't see it being more than a $80K coin, $100K in my wildest imagination (and probably not in today's market, which is definitely losing steam).
**
and along comes Sunnywood with the definitive answer to not one, but two important questions. thank you.
I'll bring this back up. One of the singular CC GSA in a hard pack labeled UNC was owned by a lady in Rialto, CA. She acquired it when she wrote to GSA complaining about a coin she never received. In the early 80's it was offered to my father and a coin shop owner based in San Bernardino, CA for $15000. My father and the shop owner were going to go halves on it but the dealer said no because of the low grade. The coin ended up going to a dealer in Redlands, CA then off To someone else for huge profits....
Which CC GSA am I talking about??
I have been told by some dealers very close to the GSA sales that the 89-cc; 92-cc and 93-cc that were part of the traveling set for marketing the GSA dollars were not part of the hoard at all.
They were purchased/acquired and placed in the black pack holders for the purpose of the display.
Also, the 92-cc and 93-cc became part of collections of politically connected people in the 70’s.
The 89-cc in this thread was handled by Larry Abbott in the mid/late 90’s and offered at 40-45k then—and I don’t believe was an easy sell at that level.
2 million insurance—-that’s a pipe dream for the 89-cc GSA.
The lone 1893 was graded XF40 by NGC in the hardpack. The 1892 was cracked out. I believe a major dealer still has the 1889.
Maybe the owner of the 89-cc and the supposed insured value of $2mm has hallucinations of 1989 market prices
Even then, that price level wouldn’t have computed.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I'd love to see the 1889 auctioned. It is without a doubt the crown jewel for GSA collectors. Look at the price multiple common date non-cc GSA's sell for when only a few are known in the hard packs.
2m is not the value, but I wouldn't be surprised at all if it went for close to 7 figures. There's quite a few wealthy GSA collectors and only one of these.
I know the original story behind the coin and the original owner who lived in Rialto California and how she obtained it.
Well, let’s hear the story!
There was a lady in Rialto California who ordered her regular sets of GSA Morgan’s that never arrived to her. She sent a letter to the Director of the Mint complaining about never receiving any coins. The Director of the Mint hand selected the coin and sent it to her.
She took the coin to a small coin dealer in Rialto and offered it for $15,000. He didn’t have the money so he called 2 people. One, unnamed, and the other the owner of Del Rosa Stamp and Coin in San Bernardino California. Armando, the owner of Del Rosa Stamp and coin didn’t want to pay the matching $7,500 with the unnamed individual because it was such a low grade. The coin eventually went to the owner of Briggs and Coops, Randy Briggs, which used to be owned by Fred Coops and was located on the second floor of the Carousel Mall (Formerly known as the Central City Mall) in San Bernardino California. From Randy Briggs it went somewhere else… now it’s where it is.
Call Briggs and Coops in Redlands, Ca and ask about the single pop GSA he used to own. Lol I’m sure he will be thrilled to know it’s out there now.
Nah, not sour grapes. The eye don't lie. Unbelievable to me anymore how many don't trust what they are seeing.
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
Don’t know the timing of this
Comment above but I know this coin was offered by Larry Abbott of Seattle in the late 1990s at 40-45k.
I was told it came from a family politically connected to the Nixon’s.
That doesn’t seem to coincide with your account. There was only one of these in GSA Black Pack so somewhere in the middle lies the true history.
Let me have that coin for a while. I'll get that ugly haze off of it.
Glad to be of service......
Original post was created in Dec 2008 - Anybody from that thread still here?
"When they can't find anything wrong with you, they create it!"
This was in the 80’s.
Yep. Me. Under a different screen name due to some tech issue a few years back.
7/8.