Sealed GSA Boxes

andre46 · October 30, 2003 12:22PM

How come there are so many sealed boxes of GSA Carson City Morgans on E-bay for sale? Is it realistic to believe that so many people never opened the boxes when they arrived in the mail? I know I can't wait to open anything coin related when it arrives in the mail. Any oppinions?

291fifth · October 30, 2003 12:43PM

It is actually quite amazing just how much unopened modern material there is out there. Speculators tend to buy them in quantity and often hold them for long periods. Often the periods are too long because the original owner dies and the estate dumps them cheap at the local dealer. The dealers then offer them in online auctions knowing that bidders with more money than sense will think they are getting a shot at great coins. Often the dealers have already opened a sample of the hoard to see if it merits being held or dumped. I can't recall ever hearing of anyone making a real killing on this type of auction lot. I once bought a shotgun roll of 49-P cents hoping for a 66 or 67 red. The entire roll was heavily spotted junk. I'm sure the dealer that sold them had more rolls and checked some before offering the others. There are no bargains in coins.

oreville · October 30, 2003 2:13PM

291fifth: I respectfully disagree. Believe it or not there are unopened BOXES of unopened obw rolls in which the quality of the coins within were fantastic.

But you are both missing the point. There is something increasingly elegant and romantic about holding in your hands an unopened box, roll, package, whatever from the United States Mint, GSA, the Federal Reserve, or member bank that was packaged 50 plus years ago. Once that obw roll is opened up another little piece of history is lost forever.

It is not always just what is INSIDE the package but what is OUTSIDE the package, such as the writing from the Federal Reserve Bank of xxxxxxxx.

I happen to own 100 rolls of 1958-P unopened obw rolls packaged in 1958 from the Guaranty Trust Bank of New York with the beautiful writing on the paper rolls . You would not believe how much an official from the Morgan Guaranty Trust wanted those rolls as a artifact of their ancestor bank and how much it meant to them to have 100 items of something authentic and small from 55 years ago. He wanted to put each roll in a special glass and brass/sterling silver packaging that was going to cost them over $50 each (not including the cost of the roll purchase fro me) to make as gifts to their very important executives and customers. I turned them down. I told them I might be ready when the 75th anniversary of these rolls comes around.

Loki · October 30, 2003 2:47PM

I don't know Oreville. I just can't see myself paying a bunch of money for a box with the intention of NEVER getting a chance to peek inside. Then again, I did spend a lot of dough on my first girlfriend and never got a peek. So what's that mean? I guess it means it's time for more beer. hmmmm

k10 · October 30, 2003 2:59PM

Good post oreville!

<< <i>I guess it means it's time for more beer. hmmmm >>

Thanks for the suggestion, Loki. Good idea.

Wolf359 · October 30, 2003 3:01PM

I did spend a lot of dough on my first girlfriend and never got a peek.

Demand a free sample!!!

numobri · October 30, 2003 3:07PM

I'm with loki,another beer.

By the way,i do have an unopened GSA box.

Loki · October 30, 2003 3:14PM

Yes, a toast! To old girlfriends and mystery boxes!!

k10 · October 30, 2003 3:18PM

And the men that open them!

numobri · October 30, 2003 3:25PM

mintluster · October 30, 2003 4:01PM

I agree about the point of holding something never opened before that is that old....really unique experience.

oreville · October 30, 2003 4:06PM

Hmmmm.....I got to open the girl I married!

Yikes............... popped out twin baby girls!!!!

Indeed I have survived 3 seven year itches as well, aided by a few beers!!!

MY unopened GSA boxes even survived all these years of all those women dying to know what is inside!!!

Sealed GSA Boxes

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