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Buy the Holder, Not the Coin

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GSA_Gem_Quest

Entry posted by GSA_Gem_Quest ·

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1878-S Morgan in GSA Holder Sells for $6,800 on Ebay

Over the years, I have always been told by dealers - Buy the coin, not the holder...buy the coin, not the holder. Could they have been wrong all these years? Maybe...A recent sale on ebay makes me rethink the situation. An 1878-S Morgan silver dollar in the GSA hard pack holder recently sold for $6,800. Don't believe me.. check it out as item number 140021869861. The coin was no better than ms63, and is worth less than $100 based on the price guides (not in a GSA holder, of course).

Perhaps it's time for a new mantra...Buy the holder, not the coin...Buy the holder, not the coin...repeat after me...Buy the holder, not the coin. Ah, I feel better now.

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