Morgan Dollar Collectors Get Ready To Weep.

Great news if you're a coin dealer who isn't holding a lot of stock or a collector like me who hasn't yet reached the point of chasing down the key dates. For those with well established collections, the GSA nightmare returns.

https://www.coinworld.com/news/us-coins/2018/06/silver-dollar-hoard-from-1960s-government-sale.html

Dates affected are 1878-S, 1880-S, 1881-S, 1883, 1884, 1884-O, 1885, 1886, 1887, 1888 and 1889. Expect the prices of these dates to diminish sharply in premium grades and a knock on effect for other dates. If you're in the market for higher grade specimens you might want to put any negotiations on ice. Fortunately, or unfortunately, depending on your perspective, there are no reported CC mint marks, but at the risk of being labelled a conspiracy theorist by the gullible, it's not beyond the realms of possibility to consider that such information might be kept quiet until the power sellers can unload their stock. The incestuous relationship between grading companies and volume dealers should need no explanation to anyone with more than a few month's experience.

Make of it what you will, but it's inevitable that there will be a significant downward movement in this part of the market. Act accordingly.

You're welcome.

16000 is really small compared to the original CC GSA sales back in the 1970s. IIRC, the GSA sold 100,000s of some of the CC dates.

I managed to end up with about 15 CC dollars total, from all the sales.

Quote: "phfoticus"​16000 is really small compared to the original CC GSA sales back in the 1970s. IIRC, the GSA sold 100,000s of some of the CC dates.
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​ I managed to end up with about 15 CC dollars total, from all the sales.

​I wish I was around in the 60s when they were offloading them for face value. I didn't realise this had even happened until I read the article. Can you imagine the lines if they did that today?

There must be lot of that kind of vaults in every financial center in the world. Guess how many unc Maria Theresia thalers, 19th-20th century European gold coins etc there are in London, Moscow, Dubai, Swiss banks... We are overpaying for all that low grade stuff at eBay and there would be nice examples sitting in the dark vaults Does survival rates take these into account?

Let's hoard all common modern French francs and other basic stuff of bulk lots and see what's happen for the prices