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GSA Morgans....good or bad???

Started by sakorick,

5 posts in this topic

sakorick

sakorick

Posted
Posted

What do you think of the collectability of the GSA Morgans. Good or bad investment? I've bought 3 on eBay...got a real nice one a fair one and a not so good one....your thoughts please. Regards, Rick.

DaveG

DaveG

Posted
Posted

I like the GSA Morgans, because you know the coin has been in that slab since the 70s (I think).

 

As far as "good or bad investment" - I dunno.

 

The coins used to be a lot cheaper (say 1/3rd of todays price) about five or so years ago, then they shot up to about the current levels - and have stayed there ever since. (I heard at the time that the "telemarketers" were doing a promotion of the coins.)

 

I heard a few weeks ago that prices for GSA Morgans had "softened".

 

Even though a lot of them have been cracked out and put into PCGS and NGC holders (before NGC started certifying them in the GSA slab), there are still hundreds of them out there.

Morgannut

Morgannut

Posted
Posted

They will always be a great investment -- one reason you hear all the time on this Forum is found under the heading of dipped, cleaned, AT/NT, etc.-- In the GSA holder you get it in the way it was issued--no questions.

 

However there are a lot of GSA 82-84 CC's out there, so they haven't gone up much, and won't go up IMHO. But the nicer examples will do fine IMHO in NGC grades of MS65/66 as well as highest end DPL's in MS64 or better. Two dates: 1890/91's, are very tough in grades as high as NGC-GSA MS63--in fact I found only 2 in Heritage Archives and 1 at ANR for a 91CC in the past 2 years in GSA-NGC MS63, none higher.

 

The non-CC GSA's are a collector' area all by themselves. I've seen $30 coins (circulated or lowest Unc.) go for a a lot of money ($400+), depending on the rarity of the date and the type of packaging. You get an interesting piece of Mint history with these--and that's becoming more important as time goes on to some collectors-- 893scratchchin-thumb.gif

James_OldeTowne

James_OldeTowne

Posted
Posted

GSA dollars are mostly a commodity, except for the highest grade coins. If I were wanting to invest in GSAs, I'd buy ONLY NON-Carson City coins. The CCs are common, but for the market of collectors trying to assemble complete collections of GSAs, many of the non-CCs are worth a significant premium.

 

James

sakorick

sakorick

Posted
  • Author
Posted

Thanks a million all. I just am enamured with the Carson City coins. I'll start looking for the other GSA coins as well. Regards, Rick.

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