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Longstrider's Blog

02 Jul 2016

MORGAN DOLLAR GSA HOARD

Coins | Longstrider

So, it's been a while since I posted a new coin and I think it's time. I recently acquired this 1884 CC GSA Morgan Silver Dollar. I bought this coin from my regular coin dealer. He had set it aside for me as he knows I enjoy toned coins. Not only is this a toned Morgan, It also shows the pattern of the burlap bag it was encased in. That means it was in direct contact with the Carson City mint bag since 1884 till October 1972 when the three most common CC were auctioned off. The 1882, 83 and 84. I'm not going to go into details of the GSA sales,, it was multi tiered, but I greatly encourage anyone interested to look it up. Its CRAZY!!! Some people made a ton of money and some lost a ton, as their rare coin was no longer rare!!!!!! In 1884 the Philly mint produced approximately 14,070,000 Morgan Dollars. Of these, only 1,136,000 were minted at Carson City. Of this reduced number, only 962,638 were GSA holdings.

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