Do PCGS CC Morgans with the GSA designation carry a premium over non-GSA's?

Gator5220 · October 15, 2005 7:56AM

Stuart · October 15, 2005 8:14AM

Yes, I believe they do. I'm willing to pay a few more dollars for them and their guaranteed originality -- all other things being equal...

Tassa · October 15, 2005 8:22AM

It doesn't seem to be a very high premium from what I've noticed. I think most GSA collectors prefer their coins in original cases.

DennisH · October 15, 2005 8:27AM

I have a different opinion and perception about this: Absolutely not.

Gator5220 · October 15, 2005 8:28AM

<< <i>I have a different opinion and perception about this: Absolutely not. >>

Why? Please explain.

jabba · October 15, 2005 8:29AM

I dont think they should, after they are removed for the GSA Holder they are just another CC to me.

nwcs · October 15, 2005 8:31AM

Only CCs in the original holder have a premium in my mind. Once removed, anything could have happened.

DennisH · October 15, 2005 8:55AM

Exactly.

Once they're out of the original GSA holder they are just another coin with a very common pedigree.

And yes, a very common pedigree is worthless insofar as premiums are concerned.

WTCG · October 15, 2005 10:03AM

No.

Most Carson City dollars entered the market when they were originally housed in GSA holders. Having the GSA designation on the holder is like saying "made in Illinois, USA" instead of "made in Illinois".

Stuart · October 15, 2005 10:39AM

I have a differing opinion than the masses on this one -- here's why...

There are so many "monkeyed" with and processed coins out there, that I feel coins that PCGS removed from GSA holders, have more of an original look and history to them which I feel deserves a slight premium over non GSA designated PCGS Morgans -- all else being equal.

Some of them have nice hints of original toning, and a nice original skin that many other Morgans on the market have "dipped off" of them.

I'm OK disagreeing with the majority on this one, because that allows me to accumulate PCGS GSA designated Morgans for around Greysheet prices...

Just my own personal collecting preference, and my own opinion.

WTCG · October 15, 2005 2:40PM

It isn't unknown for a Morgan Dollar submitted for grading in a GSA holder to be returned to the submitter bodybagged.

Stuart · October 15, 2005 11:42PM

<< It isn't unknown for a Morgan Dollar submitted for grading in a GSA holder to be returned to the submitter bodybagged. >>

WTCG: If that occurs, we won't be seeing that same Morgan appear later in a PCGS holder with the "GSA" designation, since PCGS are supposed to only designate them as such if they crack them out of the Original GSA packaging.

shadoan · October 24, 2005 12:10PM

I agree completely no sense in sending PCGS A COIN IN ANOTHER HOLDER WHEN THEY DEGRADE THE COIN AFTER SEEING IT IN ANOTHER HOLDER. NGC GRADED GSA'S ARE WORTH MUCH MORE BEING THEY DO NOT TAKE IT OUT OF ORIGINAL HOLDER AND YOU GET THE BOX AND CERT. TO GO WITH THE COIN. WHAT HAPPENS TO THE BOX AND THE CERT. PCGS GETS? SEND IT BACK? WHAT GOOD IS IT THEN WHEN IT'S NOT EVEN IN THE ORIGINAL HOLDER DUH!!! Take a gander at these awesome specimens of the CC nice frosty surfaces a real find if you can get em anymore!!!!!!! I have uploaded some pics for your viewing pleasure take note that they are degrading just like PCGS does do to changing the size to acept the file upload but you get the idea!!!

JrGMan2004 · October 24, 2005 12:14PM

<< <i>It doesn't seem to be a very high premium from what I've noticed. I think most GSA collectors prefer their coins in original cases. >>

WTCG · October 24, 2005 12:18PM

<< <i><< It isn't unknown for a Morgan Dollar submitted for grading in a GSA holder to be returned to the submitter bodybagged. >>

WTCG: If that occurs, we won't be seeing that same Morgan appear later in a PCGS holder with the "GSA" designation, since PCGS are supposed to only designate them as such if they crack them out of the Original GSA packaging. >>

Stuart,

You will not be seeing that same coin with a GSA designation. I submit, buy and sell many CC Morgans every day, and I know for a fact that a GSA designation on the holder is not a factor in determining the sale price of the CC Morgan. A coin with a holder that reads "GSA" or "GSA Hoard" does not make the coin worth more than their counterparts without the designation.

The NGC graded CC Morgans in the original GSA government holders, however, do often command a premium over holdered ones of the same grade, whether it be PCGS or NGC.

numonebuyer · October 24, 2005 12:28PM

They probably do, but I can't figure out why. Who really cares where the coin comes from once it has been put into the PCGS slab? I can see why a GSA Morgan in its original slab and box with C of C might be worth a little more, but a PCGS slab is a PCGS slab.

shadoan · October 24, 2005 1:03PM

I agree completely just look on E-Bay the suckers who sent off their GSA's to PCGS. They are now trying to sell their boxes and certificates for what? no coin? duh what good is that >? They got their coin back in different holder and lost 45% of the value of the coin. The coin in the original holder and original box with certification will bring a lot more in the resale value YOU don't have to be rocket scientist to know that so why not look for the remaining GSA's holders even be worth the cost to send them to NGC for grading least you get what you sent off to them and an accurate grade besides, my coins are worth retail right now $490.00 because they are original and nice frosty surfaces which are rare to acquire on account all the non desirables are being sold now most high detail frosty surfaces and high grades are gone......Here are some beauties for your viewing pleasure unfortanately they are degraded so as PCGS WOULD DO TO REHOLDER, BUT MINE TO REDUCE THE SIZE.....

shadoan · October 24, 2005 1:12PM

Your a ying yang don't even reply your coins are low grades and don't know the meaning of coin grading other than your stand by. I sold a whole Morgan Collection 1878-1890 every mint mark every year with a 1879-CC MS60 Capped Die you do not know the whole aspect of coin collecting saying the words that come out of your mouth......Meaning YOU --------------------->numonebuyer

numonebuyer · October 24, 2005 4:07PM

The only submittal I have ever made to NGC was for them to grade GSA Morgans and not break the coin out of the GSA holder. If PCGS did the same, I would have submitted to PCGS.

Do PCGS CC Morgans with the GSA designation carry a premium over non-GSA's?

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