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Bank "give away" Morgans

Started by rynegold-migration,

18 posts in this topic

RWB

RWB

Posted
Posted

Interesting commercial collectible, but it's unlikely that NGC would seal and certify the coin in its bank holder. GSA coins went through a multi-step process and were put in the holders by the government. Banks simply pulled these from bags and stuck them in the cards.

 

Is the S&L still in business?

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19Lyds

19Lyds

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Posted

I agree with RWB and do not think that NGC would preserve the provenance of your coins since many banks used this same technique and since the coins weren't actually "sealed" within the plastic box, literally any coin could be placed in there.

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rynegold-migration

rynegold-migration

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Yea... but NGC "seals" those GSA holders don't they? And beforehand, the GSA holder can easily be open w/ a pocket knife until it receives the NGC tamper proof tape, so why can't these be sealed the same way? other than of course, enough area for the grade to show up. It's just a thought, I like them especially since the phone# is so antiquated. I've some in black also... much more rectangular in overall shape.

 

 

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Denver Dave

Denver Dave

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Posted

 

I like them the way they are as well, Nice History...

 

I have two from My Childhood, Still remember opening up the Account...

 

Then getting Loans Against It from the Folks, must of spent that ten times...lol

 

Found them a few years ago after the Folks Passed so they're Near and Dear...

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James_OldeTowne

James_OldeTowne

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Why spend money to have them graded?

Exactly!!!

In my experience, these are extremely popular in their original holders, and bring strong premiums at auction. I would not get it certified unless you were absolutely convinced it was MS-66 or better (most are not).

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19Lyds

19Lyds

Posted
Posted
Yea... but NGC "seals" those GSA holders don't they? And beforehand, the GSA holder can easily be open w/ a pocket knife until it receives the NGC tamper proof tape, so why can't these be sealed the same way? other than of course, enough area for the grade to show up. It's just a thought, I like them especially since the phone# is so antiquated. I've some in black also... much more rectangular in overall shape.

 

Huh?

 

GSA Dollar cases were sealed in their plastic cases exactly the same way as the Eisenhower Dollars were. Opening them with a pocket knife shows evidence that the case was opened 99.9% of the time and on a few occasions, the case is actually destroyed.

 

 

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rynegold-migration

rynegold-migration

Posted
  • Author
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Yea... but NGC "seals" those GSA holders don't they? And beforehand, the GSA holder can easily be open w/ a pocket knife until it receives the NGC tamper proof tape, so why can't these be sealed the same way? other than of course, enough area for the grade to show up. It's just a thought, I like them especially since the phone# is so antiquated. I've some in black also... much more rectangular in overall shape.

 

Huh?

 

GSA Dollar cases were sealed in their plastic cases exactly the same way as the Eisenhower Dollars were. Opening them with a pocket knife shows evidence that the case was opened 99.9% of the time and on a few occasions, the case is actually destroyed.

 

Twue... but that little tamper proof tape NGC uses could be deployed on a ziplock baggie if one was so inclined to want it.

 

And no; not even one Peace $ in the lot.

 

regards,m

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