To begin, GSA stands for Government Services Administration. It is the part of government that was tasked to make these coins available to the public. The GSA Hoard of Morgans was almost 3 million coins, with over 95% coming from the Carson City Mint!
What is GSA hoard?
GSA Hoard is the name given to a cache of several million silver dollars that were held in the vaults of the US Treasury Department and later sold by the General Services Administration (GSA) from 1972 to 1980.
Are GSA Morgan dollars a Good Investment?
Because most of the Morgan dollar coins exist in higher grades than most other series, you should invest in only the highest grade specimens. They are pricey compared to MS-60 to MS-63, but their incredible rarity in the age of encapsulated coins make them a good investment.
Are GSA Morgan Dollars a Good Investment?
How many GSA soft pack dollars were sold?
It is widely believed that fewer than 100,000 of these GSA soft pack dollars were sold, although an official number has never been released by the GSA. At the time grading standards were less rigidly defined and not accurately applied; many of these coins are thus not circulated but in fact toned or bag-marked uncirculated coins.
What’s the price of a GSA Morgan Dollar?
Major third-party grading firms have taken note of this movement and now offer grading and certification services for GSA Morgan dollars that allow for the coins to be kept in their plastic packaging. The prices listed in our database are intended to be used as an indication only.
What kind of coin is in soft pack?
An 1881-O Morgan Dollar housed in a GSA Soft Pack and graded by NGC, obverse view. NGC grades dollar coins in soft pack holders, as issued by the US General Services Administration (GSA), and Eisenhower Dollars in soft pack US Mint holders, often called Blue Ikes.
How does NGC grade GSA soft pack coins?
In order to preserve the integrity and pedigree of the original holders, NGC grades these coins while still in their original holders of issue. The entire soft pack holder is then sealed in a semi-rigid clear plastic case.
