GSA when
greatnortherncoin
Posts: 412
when did the gsa come out ? what was the cost ?
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No one answer to your question.
I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.
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I recall after the first ordering period, which occurred in 1972, they were shipped out as early as February or March of 1973. Circulated were $15 and uncirculated were $30. The uncirculated ones stated uncirculated on the slab while the circulated ones had no mention of grade on the slab.
The final GSA silver dollars (at much higher prices) were shipped in the spring of 1980 and possibly a little bit later.
It's interesting that some of these beautiful toners were originally sold for half the price of a white coin, when most GSA toners go for premiums today in auctions.
<< <i>Julian's answer is spot on. This adds a little more detail.
I recall after the first ordering period, which occurred in 1972, they were shipped out as early as February or March of 1973. Circulated were $15 and uncirculated were $30. The uncirculated ones stated uncirculated on the slab while the circulated ones had no mention of grade on the slab.
The final GSA silver dollars (at much higher prices) were shipped in the spring of 1980 and possibly a little bit later. >>
Those final GSAs were $45 each (limit 5), IIRC. I received an 82-CC, 83-CC (2), 84-CC, and an 85-CC (wild, MS65 toner) for good measure.
Eight of the twelve were the ugliest Unc. Morgans I've ever seen, and I told them for cost because it was too painful on the eyes for me to look at them. Eventually I had PCGS grade the nicest four. The 64 was sold for cost plus grading fee. The two 65s were sold a few years later. I have the MS 66 in my type set. It's a nice coin, with a cobalt swath on the reverse between 12:00 and 2:00.
"Seu cabra da peste,
"Sou Mangueira......."
<< <i>Circulated were $15 and uncirculated were $30. >>
I have 3 from 1972. The 1878 and 1882 are uncirculated ($30); the 1883 which is also uncirculated, but only cost $15. The $15 coins were either scratched or tarnished (we call tarnished toned today).
<< <i>One additional comment is that the coins had to be mostly white to get in an uncirculated GSA holder. If there was Treasury bag toning on it, no matter how beautiful, they would put it in a holder that didn't say "uncirculated." It seems many people wouldn't accept toners as uncirculated back then, and wouldn't pay "full price" for toning. I have several beautiful GSA toners in the non-uncirculated holders.
It's interesting that some of these beautiful toners were originally sold for half the price of a white coin, when most GSA toners go for premiums today in auctions. >>
Yes, times sure changed. To add to what you said, note, the so-called uncirculated ones say, "Uncirculated Silver Dollar," while the other ones, simply, say, "Silver Dollar" (i.e., not "Circulated Silver Dollar"). The "Silver Dollar" ones don't necessarily grade circulated.
EDIT: These were just broad categories of classification, as you imply, not necessarily grades.
Yes, tarnish was given the politically correct term of 'toned'... reminds me of the switch in the automotive market from 'used' to 'pre-owned'.. just a bunch of semantic folderol..... Cheers, RickO
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<< <i>Tarnished GSA
But, notice how it does NOT say "Uncirculated". What you have is a "cull".
PS- wern't soft packs sold of much earlier?