NGC grades first 1884 Carson City GSA dollar Mint State 68
- Published: Apr 10, 2015, 9 AM
Numismatic Guaranty Corp. has certified as Mint State 68 an 1884-CC Morgan dollar secured in its as-issued General Services Administration Hoard holder.
Max Spiegel, vice president of sales and marketing for NGC’s parent entity, Certified Collectibles Group, said April 9 that the coin is the first and only NGC MS-68 GSA Hoard 1884-CC Morgan dollar and one of only two 1884-CC dollars certified as MS-68.
The other MS-68 1884-CC Morgan dollar is not in a GSA holder, according to Spiegel.
The NGC MS-68 1884-CC GSA Hoard dollar is being offered by Numismatic Financial Corp.
Approximately 85 percent of the Carson City Mint’s production of 1,136,000 1884-CC Morgan dollars ended up in GSA holders.
GSA refers to the General Services Administration sales in the 1970s of surplus silver dollars stored in 1,000-coin bags by the Treasury Department.
A total of 962,638 of the 1884-CC Morgan dollars were still in Treasury vaults after March 1964, when a halt was ordered to the great Treasury release of silver dollars at face value that began in October 1962.
The 1884-CC coins were among 2.9 million silver dollars transferred from the Treasury to the GSA and stored at the West Point Silver Bullion Depository.
The GSA’s inventory included 788,627 Uncirculated 1884-CC Morgan dollars, plus 174,008 culls (rejected for quality reasons) and three reserved for inspection.
More from CoinWorld.com:
Please sign in or join to share your thoughts on this story.
Keep up with all of CoinWorld.com's news and insights by signing up for our free eNewsletters, liking us on Facebook, and following us on Twitter. We're also on Instagram!
US Coins Nov 30, 2023, 1 PM
World Coins Nov 29, 2023, 4 PM
World Coins Nov 29, 2023, 2 PM
US Coins Nov 29, 2023, 2 PM