Tell me the GSA Story...

byergo · August 2, 2002 2:16AM

What is the deal with the "GSA Carson City" silver dollars? How/why/when did this happen?

ArtR · August 2, 2002 3:04AM

When the Treasury was selling off bags of dollars there were about 3 million Uncirculated CC dollars found. They were put aside until the sales of these bags was terminated in 1964. The GSA had about 4 or 5 mail order sales in the 70's for the CC Dollars. All did not sell and they held another sale in the 80's in which the remainder sold. Gsaguy can add a whole lot more to this if he has the time to respon

byergo · August 2, 2002 6:19AM

How much did the government sell them for? Did you get a random coin, or know which date you were getting?

littlewicher · August 2, 2002 6:27AM

I believe they were random. You can still find lots of unopened GSAs. They're kind of like a lottery ticket.

ArtR · August 2, 2002 7:34AM

In the sale from the 70's I only sent in a bid in the mixed category which was $15.00. I don't remember what the minimum was on the other categories. The sale from the 80's I believe the minimum bid was $40.00 or $45.00.
Gsaguy is the man when it comes to the GSA sales, and I'm sure he will post if he sees the thread before it gets buried. He knows the prices and most of if not all of the information pertaining to the sales.

gsaguy · August 2, 2002 12:51PM

Byergo,

I'm writing a book on the GSA sale and will soon go to a publisher. The book will cover each of the sales, provide details about the minimum pricing of each category, the politics surrounding the sale, etc. I'll also include MANY photographs of GSA coins from my personal collection. Basically, I plan for my book to be the GSA Buyer's Bible.......hhhuuummm.......should that be the title?

Art, you're correct. Those coins in the mixed CC category (placed in GSA hardpacks marked 'Silver Dollar') sold in the early sale where offered at a minimum bid of $15.00 each. They included coins from all dates represented in the Treasury Hoard. Many went unsold during the scheduled sales and Congress had to approve a final sale/s to be held in Jan and July of 1980.

All of the remaining 'mixed CC' coins were sold in the Jan 1980 sale for a minimum bid of $45.00. However, interest in the initial sales and the final sale were like night and day. The GSA could hardly give the coins away in the 1970's and yet in the 1980 sale everyone was crying foul for not getting the coins they wanted.

This will all be discussed in the upcoming book!!!!

GSAGUY

Conder101 · August 2, 2002 2:49PM

GSAguy, remember I want a copy of your book when it comes out.

JeffMTampa · June 21, 2017 1:44PM

Did the book come out?

roadrunner · June 21, 2017 2:00PM

For years, I wasn't aware of the Joe Dirt move....and thought that was GSA Guy's real hair.

Don't know if the book ever came out. But, there are very-detailed accounts on line if you Google GSA dollars.

Wabbit2313 · June 21, 2017 2:19PM

15 year thread bump.

The dude hasn't even made a comment in 6 years!

dpoole · June 21, 2017 2:24PM

I was of much humbler means at the time in the 70s, but I did get a couple of the $15 ones. And I THOUGHT I remembered that you had to submit bids for some of the specific dates, of which I did manage to snag a couple I stretched for. Struck out on several, though.

I don't know what happened to gsaguy's book. It'd be worth looking into!