Hello everyone:
My favorite coins have been CC Morgan Dollars that were encapsulated and sold by the GSA in the early 1970s. Long time observers of this part of the numismatic universe have noted that the advent of third-party encapsulation and grading has created a new collecting arena where GSA specialists are seeking high grade dollars that are STILL encapsulated in the original GSA packaging. The reasons for this are too numerous to recite in a blog (see my article in the second issue of C4oA's journal, Curry's Chronicle, fall 2005).
I want to start an infrequently updated 'heard-it-thru-the-grapevine' report on the prices that GSA dollars are commanding today as an aid for other collectors who (like me) need accurate approximations for current values.
My sources are anonymous but reputable, and I have verified to the best of my ability that the transactions are real. I am only the reporter and the names of the dealers and owners are anonymous and will never be divulged.
Also, for obvious reasons, this log cannot be a complete market survey. More reports and rumors are always welcomed.
Mitchell
Here are some recent transactions:
December 2007
1883CC GSA NGC MS-65DPL - $2400
Comment: This date and grade is the most common GSA coin found in NGC MS-65DPL (NGC population count - 54).
April 2008
1885CC GSA NGC MS-66DPL - $25,000
Comment: This coin is the highest graded 1885 deep mirror proof-like and is the only coin graded at this level.
May 2008
1890CC GSA NGC MS65 - $47,500+
Comment: This coin is the highest graded 1890CC and it is the only example graded at this level.
Subscribe to:
Post Comments (Atom)
Posts
7 comments:
Great idea Mitchell! This information ought to generate a few comments. Everyone's always interested in the prices of coins, especially the low-pop coins.
How about consolidating some of your information into an article for publication in Curry's Chronicle? It's been a long time since your last article.
Thanks for the nice posting.
Thanks for the valuable information Mitchell. It amazes me to see the prices these coins have realized. Someday though, and probably not that long from now, these prices will seem like bargains! I agree with Rusty, this information is super article material for our Curry's Chronicle.
I am always amazed that coins in GSA holders could rise to such high grades. I havent seen as many as most people here, no doubt, but I've never seen one I would describe as a 65 or a 66.
Its just that the coins tend to have "bag marks" and it seems unlikely that there would be pristine coins in bags...
Garryn:
I'll have to put up some decent quality images sometime that might just change your mind. There are still a few amazing quality coins in GSA holders, hence the stratospheric prices.
Thank you Mitchell. I will look forward to that! I have the 1880-CC VAM 5 and VAM 6 overdates in GSA holders. They are graded MS63, but still very nice coins. I will try to photograph mine too.
More recent GSA transactions (12/8/2008):
1. 1884CC NGC DPL66 - $13,500 (pop 3)
2. 1882CC NGC MS67 - $9,700 (pop 3)
3. 1880CC rev 78 80/79 VAM4 MS65 - $4,500 (pop 46)
4. 1880CC VAM4 NGC 64DPL - $10,000
Post a Comment