GSA Hoard
1883-CC $1 Morgan Dollar
NGC MS-64
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The Arlington Collection of GSA Coins
About the Coin This is one case where the adage "Buy the coin, not the holder" does not hold true. Many collectors specifically look for coins in their original GSA holders. The Arlington Collection has a number of coins still in their GSA holders. This 1883-CC Morgan dollar is just one example. After the U.S. Treasury stopped redeeming Silver Certificates in 1968, an inventory was taken of the silver dollars remaining in Treasury vaults. There were about 3,000 bags or 3 million dollars remaining with many being Carson City dollars that even then carried a premium over their mint brethren. The General Services Administration (GSA) was given authorization to sell the coins to the public and in 1973, 1974, and finally in 1980 the coins were sold in sales that were poorly held with rules that were very controversial leaving many unhappy collectors. The coins were placed in black holders that resembled the holders for proof silver Eisenhower dollars of the time. Today coins in these GSA holders command a small premium over similar coins not in the holders. Please enable JavaScript to view this page content properly. Please enable JavaScript to view this page content properly.
About the Coin This is one case where the adage "Buy the coin, not the holder" does not hold true. Many collectors specifically look for coins in their original GSA holders. The Arlington Collection has a number of coins still in their GSA holders. This 1883-CC Morgan dollar is just one example. After the U.S. Treasury stopped redeeming Silver Certificates in 1968, an inventory was taken of the silver dollars remaining in Treasury vaults. There were about 3,000 bags or 3 million dollars remaining with many being Carson City dollars that even then carried a premium over their mint brethren. The General Services Administration (GSA) was given authorization to sell the coins to the public and in 1973, 1974, and finally in 1980 the coins were sold in sales that were poorly held with rules that were very controversial leaving many unhappy collectors. The coins were placed in black holders that resembled the holders for proof silver Eisenhower dollars of the time. Today coins in these GSA holders command a small premium over similar coins not in the holders.
This is one case where the adage "Buy the coin, not the holder" does not hold true. Many collectors specifically look for coins in their original GSA holders. The Arlington Collection has a number of coins still in their GSA holders. This 1883-CC Morgan dollar is just one example.
After the U.S. Treasury stopped redeeming Silver Certificates in 1968, an inventory was taken of the silver dollars remaining in Treasury vaults. There were about 3,000 bags or 3 million dollars remaining with many being Carson City dollars that even then carried a premium over their mint brethren.
The General Services Administration (GSA) was given authorization to sell the coins to the public and in 1973, 1974, and finally in 1980 the coins were sold in sales that were poorly held with rules that were very controversial leaving many unhappy collectors.
The coins were placed in black holders that resembled the holders for proof silver Eisenhower dollars of the time. Today coins in these GSA holders command a small premium over similar coins not in the holders.
Please enable JavaScript to view this page content properly.