Does a GSA mention on the slab bring a premium?
goldrealmoney79
Posts: 417 ✭✭✭
If a coin is no longer in its GSA holder, but slabbed with a mention of it being GSA, does that really bring a premium these a days? Especially as coins in GSA holders have been graded, is there any premium for a coin thats been cracked out, with a mention on the label?
An example of what I mean: https://www.ebay.com/itm/115930007497?
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Comments
Sometimes
Why? The holder, box and certificate are part of history, are collectibles in and of themselves, and thus justify a premium.
Three letters on a label are just three letters on a label. What's the value of this particular provenance, without the accompanying paraphernalia, when the VAST majority of surviving coins are from the hoard?
One would almost think coins without the GSA designation would be the ones carrying the premium, but for the fact that if that were the case, arbitrageurs would simply strip coins of their provenance to capture the premium.
It's a provenance. Some people like a provenance.
You could just as easily ask went any GSA, box or no box, should carry a premium. Same for Redfield or any other hoard. But some people like a provenance.
I don't, but some people do.
Years ago, I ordered twelve of them from the mint. Eight were the ugliest Unc. Morgans I've ever seen, so I sold them for what I paid for them, because it hurt my eyes just to look at them.
Yes, some people do like a provenance. But I prefer the coin itself.
"Seu cabra da peste,
"Sou Mangueira......."
So many millions of gsa coins I don't think the provenance adds value for the foreseeable future. The gsa soft and hard packs that are toned nicely are worth more IMO because they went from the bag to the tray to the holder. Unmessed with.. (assuming the holders were not compromised.)
It's about more than provenance.
The GSA on the label means it went from the GSA holder to the PCGS holder.
No dipping. No thumbing. No doctoring. No dealer trying to spiff it up before selling it.
While you may not care, all else being equal, I'd take the coin that's telling me right on the label where it's been.
Check greysheet
I don't do greysheet what's your point?
All GSA hard packs carry a premium over the same coins not in GSA plastic.
Sure, unless it was the TPG doing the "dipping," "spiffing," conserving, restoring, whatever. Once it's out of its original GSA holder, all bets are off as far as I'm concerned.
The point is that the GSA packaging adds a lot for certain dates.
1890-CC as an example... let's just say MS63 grade.
Raw...Bid $1200.00
In GSA packaging...Bid $5600.00
RIP Mom- 1932-2012
Now...as to the OP's question... a slab with GSA on the label means obviously the coin was cracked out of the GSA case or soft pack. To me, it's worth more than a non-GSA coin but less than one in the original packaging.
RIP Mom- 1932-2012
That's probably where I'd land on the spectrum.
I know that, I was referring to the gsa acronym on the TPG label not the gov packs, as being not worth much premium.