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GSA Morgan Dollar questions

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yawnmoth

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Dec 8, 2008, 3:40:31 PM12/8/08
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1. According to <http://en.wikipedia.org/wiki/Morgan_dollar#Mintages>,
the 1881CC and 1885CC Morgan dollars had fairly low mintages. Prior
to the GSA sale, I assume these were considered key dates?

2. ere any 1879CC or 1889CC Morgan dollars sold through the GSA sale?
I've never seen any GSA slabbed Morgan dollars with those dates,
myself.

3. How did the whole auction thing work? Did you bid on individual
coins by lot number or did you just bid on x coins? If the latter,
does that mean that all the coins wound up going for the same price
and that the dates / mint marks you got were randomly chosen after the
fact? If all the coins went for the same price, what price did they
wind up going for?

http://i24.ebayimg.com/05/i/001/06/1f/824e_3.JPG

According to the card in that picture, circulated coins had a starting
bid of $3.00. What was the ending bid?

http://webpages.charter.net/bpl501/IMP2.JPG

This one had a starting bid of $15.00 for uncirculated coins that were
toned or scratched.

What was the starting bid for uncirculated coins that actually got
that designation on the slab?

Also, was the auction done in-person or over the phone? If over the
phone, did it span multiple days? Did you get called back if you were
outbid?

4. Were there any other coins sold in auctions like this? Like a
horde of mercury dimes that was auctioned off or something?

Richard L. Hall

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Dec 8, 2008, 7:41:56 PM12/8/08
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Actually, there is a lot of information available on the web about the GSA
Sales. A Google search on "GSA Morgan Dollar Sale" will bring up a few.
For example,

http://www.coinresource.com/articles/gsa.htm

describes a brief history of the sales.

Basically, there were several sales and all were done by mail.

I remember the final sale was in the early 1980's and included uncirculated
1885-CC dollars. The minimum bid in this sale was $180 for the 1885-CC. I
wanted one because the 1885-CC was one of the lowest mintages of the Morgan
dollar series. So I bid $185 and won one. I received a pretty nice coin,
blast white, with an MS-63 obverse and MS-65 reverse. That was the only
dollar in the sale that I bid on.


--
Richard
My coin Links:
http://coins.richlh.com/MyCoinLinks.htm


"yawnmoth" <terr...@yahoo.com> wrote in message
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Harv

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Dec 8, 2008, 7:48:00 PM12/8/08
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Here are full-sized pictures of the original 1974 GSA Carson City DollEr
mail-in auction form, which explains everything.. should answer most of your
questions..

http://www.amigazone.com/images/june/ccflyer1.jpg
http://www.amigazone.com/images/june/ccflyer2.jpg
http://www.amigazone.com/images/june/ccflyer3.jpg
http://www.amigazone.com/images/june/ccflyer4.jpg

Harv


"yawnmoth" <terr...@yahoo.com> wrote in message
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[snip]..

>
> 3. How did the whole auction thing work? Did you bid on individual
> coins by lot number or did you just bid on x coins? If the latter,
> does that mean that all the coins wound up going for the same price
> and that the dates / mint marks you got were randomly chosen after the
> fact? If all the coins went for the same price, what price did they
> wind up going for?

[snip]..

Frank Provasek

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Dec 8, 2008, 9:38:08 PM12/8/08
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I was 14 when the first GSA sale occurred. I could only afford a $3
bid on a "mixed circulated" dollar. Got an 1887-P that was obviously
Uncirculated but badly bagmarked. Came in a package identical to the
blue pack Ike dollars.

I sold it a few years ago on eBay when people were paying unreasonably
high prices for any non-CC dollars in GSA packaging. I think it
brought about $50.

--
RARE COIN AUCTIONS NO RESERVES www.frankcoins.com
http://myworld.ebay.com/frankcoins Texas Auction License
11259, Board member of Texas Coin Dealers Association,
Member TNA, ANA, PCGS, NGC - Full Time Since 1991

look@worldnet.att.net don't look

unread,
Dec 8, 2008, 10:31:41 PM12/8/08
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"Frank Provasek" <fr...@frankcoins.com> wrote in message
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They are still selling for crazy money.


yawnmoth

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Dec 9, 2008, 12:18:37 AM12/9/08
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On Dec 8, 6:48 pm, "Harv" <h...@biteme.com> wrote:
> Here are full-sized pictures of the original  1974 GSA Carson City DollEr
> mail-in auction form, which explains everything.. should answer most of your
> questions..
>
> http://www.amigazone.com/images/june/ccflyer1.jpghttp://www.amigazone.com/images/june/ccflyer2.jpghttp://www.amigazone.com/images/june/ccflyer3.jpghttp://www.amigazone.com/images/june/ccflyer4.jpg

That's pretty cool - thanks!

Harv

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Dec 9, 2008, 9:53:07 PM12/9/08
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"yawnmoth" <terr...@yahoo.com> wrote in message
news:b098a47a-efc1-4837...@w24g2000prd.googlegroups.com...

On Dec 8, 6:48 pm, "Harv" <h...@biteme.com> wrote:
> Here are full-sized pictures of the original 1974 GSA Carson City DollEr
> mail-in auction form, which explains everything.. should answer most of
> your
> questions..

That's pretty cool - thanks!

Glad you found it useful.. I don't remember where I found those .jpgs.. wish
I had known about the GSA sale back in 1974, but I was just out of college
then and not actively collecting coins and missed the boat.. I only own
one.. probably the most common of all of them, the 1884-CC, or maybe it's
tied for most common with another one.. can't remember the other one's
date.. it's in its original GSA slab with the black box and Nixon
certificate, certified MS63 by NGC.. so nothing spectacularly valuable.. won
it on TeleTrade a few years ago.. they auction a lot of them but rarely do
they come with the black box and original paperwork.. I wanted one that did,
(I like original packaging..) .. and that was affordable.. it's just about
doubled in value since I won it..

Harv

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