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How to turn $500 into $99: 1890-CC circulated GSA
14 years 4 months ago #1341
by mitchell
C4OA Lifer!
How to turn $500 into $99: 1890-CC circulated GSA was created by mitchell
Take a look at this auction on ebay:
[url] cgi.ebay.com/Pedigree-1890-cc-Morgan-Dol...&hash=item3caf79e1d5 [/url]
Obviously, it's a NGC graded 1890-CC with a GSA pedigreed from the soft pack mylar envelope used to house circulated dollars. The buyer has put a buy-it-now of $99.
However, if this coin were still in it's original GSA soft package, it would be worth at a minimum of $500 (given it's fairly low grade) even in today's moribund market. Circulated CCs in soft packs are a rarity (and subspecialty) and are more highly valued by collectors today then their brethren in non-GSA packaging. Originality commands a premium and unfortunately this coin has lost that cachet when it was broken out of it's GSA packaging.
The lesson: keep those GSA CC Morgans in their ORIGINAL holders.
Disclaimer: this auction isn't mine nor do I have any affiliation with them. I'm merely the messenger.
Mitchell
[url] cgi.ebay.com/Pedigree-1890-cc-Morgan-Dol...&hash=item3caf79e1d5 [/url]
Obviously, it's a NGC graded 1890-CC with a GSA pedigreed from the soft pack mylar envelope used to house circulated dollars. The buyer has put a buy-it-now of $99.
However, if this coin were still in it's original GSA soft package, it would be worth at a minimum of $500 (given it's fairly low grade) even in today's moribund market. Circulated CCs in soft packs are a rarity (and subspecialty) and are more highly valued by collectors today then their brethren in non-GSA packaging. Originality commands a premium and unfortunately this coin has lost that cachet when it was broken out of it's GSA packaging.
The lesson: keep those GSA CC Morgans in their ORIGINAL holders.
Disclaimer: this auction isn't mine nor do I have any affiliation with them. I'm merely the messenger.
Mitchell
C4OA Lifer!
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14 years 4 months ago #1342
by Garryn
Replied by Garryn on topic Re:How to turn $500 into $99: 1890-CC circulated GSA
Does "Carson City Hoard" mean it was part of the GSA sale? Or does it mean something else?
I have never seen it described that way. Also, were any coins in the GSA sale circulated to that extent?
I have never seen it described that way. Also, were any coins in the GSA sale circulated to that extent?
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14 years 4 months ago #1343
by mycc
Replied by mycc on topic Re:How to turn $500 into $99: 1890-CC circulated GSA
Garryn wrote:
Garry,
Not part of the GSA events that I'm aware of. Not a GSA coin. The Carson City Hoard was a private collection.
bob
Does "Carson City Hoard" mean it was part of the GSA sale? Or does it mean something else?
I have never seen it described that way. Also, were any coins in the GSA sale circulated to that extent?
Garry,
Not part of the GSA events that I'm aware of. Not a GSA coin. The Carson City Hoard was a private collection.
bob
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14 years 4 months ago #1344
by mitchell
C4OA Lifer!
Replied by mitchell on topic Re:How to turn $500 into $99: 1890-CC circulated GSA
Bob:
Thanks for that. I guess I mixed up the two hoards!
Mitchell
Thanks for that. I guess I mixed up the two hoards!
Mitchell
C4OA Lifer!
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14 years 4 months ago #1346
by Garryn
Replied by Garryn on topic Re:How to turn $500 into $99: 1890-CC circulated GSA
Thats fine, it's not a hoardible mistake Mitchell... It's not the end of the roll. OK I will stop... :woohoo:
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