General comment for those commenting on the writing on the box:
The OP has *not* said what the hammer price was for the "whatnot" auction. It could have been less, for all we know, until the OP answers.
Who said it was a 65? It's an uncirculated and ungraded CC Morgan dollar. These were taken straight out of mint bags and put into slabs to sell without grading, price was set according to eye appeal. I remember seeing these at flea markets by the dozen when I was a kid selling for between $50-$100, never bought one and now I kick myself every time I see one.
I see on the box a price tag that says $1800, I don't see anywhere on that same box that says it's worth $1800. That aside, op paid $1800 for it so at that time, the coin was in fact worth $1800 to at least one person.
Thanks for sharing! The reverse is beautiful; unfortunately the obverse has a ton of chatter and this looks like a 60/61/62 based on this single photo.
Hmmm. Makes one wonder if the prior owner of this coin heat steamed the glue on the box and easily swapped it out for a lower quality coin? In a way, it’s like how those unsearched shotgun rolls with a rare Indian head and 3 cent nickel on each end keep magically appearing on eBay. So much deception in this hobby…it’s enough to make many of us gun shy to make bold purchases without assurances.
Yeah I was thinking that myself, but I have no idea if that's possible. The box looks very shiny and white for one that should be decades old. But at least the OP got what he expected inside the box!
Yeah. It could be a perfectly honest sale with no malice involved. As others have said, not all of these coins were zingers, but it’s sad that we have to be so vigilant over scammers in our hobby.
Grading is weighted towards the obverse, especially on the cheek and the fields to the left and right. And unfortunately, they're in bad shape from what I can see. I'm guessing it's a MS62 but I could also see MS61. that cheek is Rough.
MS isn't graded much on luster. It's mint state; the luster is assumed to be present lol. It's about physical damage and imperfections.
MS absolutely is graded on luster. It’s a significant factor. PCGS says in their official videos it’s only ~15% of the grade but in reality it’s a much more significant portion.
For all those commenting, the OP purchased a GSA sealed 85-CC Morgan. This is the original box, some are more white, some are more yellow. That is the font of the stamp the GSA used. There is no indication of tampering, and it's clearly an original box. The sealed boxes sell for materially higher than open because of the chance it could hold a high grade, a toner, etc. It's similar to those that buy card breaks, the thrill of the chase. While the sticker price is a bit high, it's not out of the question for a sealed 1885. So yes, the sealed box gives it a significant premium.
This comment section is a microcosm of this app, an uninformed or misinformed peanut gallery making confident claims and questioning the OP's intelligence.
I would open them. They haven’t been sitting in a cardboard box since 1885. They were put in there much later assuming that’s even what they are. I would never buy coins like that sight unseen. Please report back if you open it.
I’m sorry did you pay $1800 for a coin you’ve never seen?
And you’re wondering if keeping it in the cheap cardboard box they put it in would increase the value????
EDIT: turning off notifications for this post. I understand what that box is, I also understand they still make those boxes and you can buy them for $1 each online, they didn’t stop making cardboard boxes for Christ’s sake.
And any seller that tells you not to look at the expensive item they just sold you should be treated with EXTREME suspicion.
I am glad it worked out for OP though
It's nearly impossible to open these boxes without permanently damaging them, not saying there's a 0 percent chance but it is pretty unlikely.
Either way OP almost certainly overpaid for an 85-CC GSA Morgan by about $1000
These boxes had glue that doesn’t reseal very easily, if its sealed as tight as it is its probably original. Even HA auctions sealed GSA boxes(and gets similarly ridiculous money).
I’d personally be fine buying it sight unseen as an 85-CC dollar
Please don't comment on topics you clearly know nothing about. It's in the original GSA box. It has not been resealed. I don't know why you keep arguing on a topic in which you have zero knowledge. The last part of your username seems appropo.
Keep the interior box and COA nice. They add to the value. Even retaining this box, provided it’s not totally torn up helps too, since it’s original. Here’s mine: Edit: added text
https://preview.redd.it/u3fv7kpjy85d1.jpeg?width=3024&format=pjpg&auto=webp&s=32bf2ca48715b0343303933bfa01d26c779191fe
That is wild that you purchased something without seeing it. I hope it works out but given the fact that the seller is telling you not to open it, I have my doubts
Reminds me of being in the grading room and we got a few rolls of morgans with ms67dpl on the ends. We thought it would be deal of the year coming through. Boss man goes to open them up and.... excepting the roll ends they were all common date XF at best lmao. Funny day.
Yours looks like it should grade MS63. Nice \~$800 retail coin.
For the posters who commented on the bag marks: Based on my experience sending Morgans to PCGS, including this same 1885CC one in 66+ (see pic below), I've concluded that significant bag marks are expected on all 60-65 uncirculated coins. I have one 63 grade where Liberty's face looks like Rambo. Bag marks like those on the OP's coin don't seem that prevalent or harsh on grades of 65 or better, but they're still there. They're superficial, not dents or gouges. Morgans were relatively scarcely circulated, and as a consequence there's a lot of uncirculated supply. Even with the government 'hoard coins', nobody really knows how they've been handled over 120+ years. All of them have been stacked or bagged at some point. I agree with those who peg the OP's coin as a 61-62.
https://preview.redd.it/dlxw6r5cza5d1.jpeg?width=379&format=pjpg&auto=webp&s=961152f8ed499c3bfcf52b1b656bd6c64fb668a7
Not sure if anyone let you know.. but it’s not *uncommon* for low grade GSA Morgans to be repackaged in an original style box. Most of the original boxes I still see are fairly yellowed. I’d pass on this “new” looking one based on that price alone.
None of these coins were graded folks, they were taken straight out of mint bags and placed in these holders anf then sold, price was set based on eye appeal alone so they are exactly what the slab says, "Uncirculated,", all those scratchs are bag marks. The gems were probably all picked out and graded.
If you only paid 85 bucks you did very well ,its definately wirth 800 bucks.Maybe more depending on the grade .I would pay 85 bucks for any cc well done jedi kight.
They are called hard packs and soft packs, but I have routinely witnessed dealers and serious collectors refer to the GSA as "slabbing" them. No dealer has further corrected me on the term, though "encapsulate" is also used. If there is a legitimate dealer in this thread that would like to chime in, I invite them to provide their commentary.
cool. I’ve personally never heard that usage in my decades of shows and such.
but of course that’s purely anecdotal so I’d too be interested in other views
You overpaid for a gamble. You can get these significantly less expensive and unless you can get someone to X-ray or use a thermal imager you’re guessing at the contents without opening.
Schrödinger's CC Morgan. While unobserved inside the box it is both real and fake at the same time.
Quite the conundrum
Are you sure?
I reckon it's only fair to sell it for half the price of a real CC...
https://preview.redd.it/lxo2uvu8g85d1.jpeg?width=3024&format=pjpg&auto=webp&s=9f7170ad6ac9542d2cb221ad31faacd61ccc143b
https://preview.redd.it/wajlk3t9g85d1.jpeg?width=3024&format=pjpg&auto=webp&s=a3f6126e3b090d3b58533673aecd234727e18755
it’s a beaut clark
Veery niice.. how much?
General comment for those commenting on the writing on the box: The OP has *not* said what the hammer price was for the "whatnot" auction. It could have been less, for all we know, until the OP answers.
I forget exactly but somewhere around $85.
Which seller on whatnot?
$1800
That’s not a 65
Who said it was a 65? It's an uncirculated and ungraded CC Morgan dollar. These were taken straight out of mint bags and put into slabs to sell without grading, price was set according to eye appeal. I remember seeing these at flea markets by the dozen when I was a kid selling for between $50-$100, never bought one and now I kick myself every time I see one.
They said it’s worth 1800 and that’s 65 price, it’s not a 65……………….
Yeah, it’s a nice coin but it’s pretty beat up. Tons of bag marks.
It's whatnot. They sell based on FOMO and their inflated prices they write on 2x2's
I see on the box a price tag that says $1800, I don't see anywhere on that same box that says it's worth $1800. That aside, op paid $1800 for it so at that time, the coin was in fact worth $1800 to at least one person.
Seller paid 85 Dollars though
Prolly got it from houstoncoinexchange lol
It's a 25
Pm me
Thanks for sharing! The reverse is beautiful; unfortunately the obverse has a ton of chatter and this looks like a 60/61/62 based on this single photo.
Hmmm. Makes one wonder if the prior owner of this coin heat steamed the glue on the box and easily swapped it out for a lower quality coin? In a way, it’s like how those unsearched shotgun rolls with a rare Indian head and 3 cent nickel on each end keep magically appearing on eBay. So much deception in this hobby…it’s enough to make many of us gun shy to make bold purchases without assurances.
I mean there are literally gsa holders with like Ms-60-63 coins, they weren’t all gem.
Yeah I was thinking that myself, but I have no idea if that's possible. The box looks very shiny and white for one that should be decades old. But at least the OP got what he expected inside the box!
Yeah. It could be a perfectly honest sale with no malice involved. As others have said, not all of these coins were zingers, but it’s sad that we have to be so vigilant over scammers in our hobby.
Is it unheard of to receive the condition coin OP did? I honestly don't know how it works.
Perfectly said
No way it is 'only' 60-62 MS, just look at that luster
There’s a lot of chatter on the cheeks and fields, itd be a miracle if this gets a 63
Grading is weighted towards the obverse, especially on the cheek and the fields to the left and right. And unfortunately, they're in bad shape from what I can see. I'm guessing it's a MS62 but I could also see MS61. that cheek is Rough. MS isn't graded much on luster. It's mint state; the luster is assumed to be present lol. It's about physical damage and imperfections.
MS absolutely is graded on luster. It’s a significant factor. PCGS says in their official videos it’s only ~15% of the grade but in reality it’s a much more significant portion.
We agree to disagree then. I would buy this graded as MS 60-62 anyday
You don’t understand how grading works, do you.
My God what a stunner.
For all those commenting, the OP purchased a GSA sealed 85-CC Morgan. This is the original box, some are more white, some are more yellow. That is the font of the stamp the GSA used. There is no indication of tampering, and it's clearly an original box. The sealed boxes sell for materially higher than open because of the chance it could hold a high grade, a toner, etc. It's similar to those that buy card breaks, the thrill of the chase. While the sticker price is a bit high, it's not out of the question for a sealed 1885. So yes, the sealed box gives it a significant premium. This comment section is a microcosm of this app, an uninformed or misinformed peanut gallery making confident claims and questioning the OP's intelligence.
Real answer right here
But he opened it now, so he basically lost $1000.
I would open them. They haven’t been sitting in a cardboard box since 1885. They were put in there much later assuming that’s even what they are. I would never buy coins like that sight unseen. Please report back if you open it.
Love… is blind.
I’m sorry did you pay $1800 for a coin you’ve never seen? And you’re wondering if keeping it in the cheap cardboard box they put it in would increase the value???? EDIT: turning off notifications for this post. I understand what that box is, I also understand they still make those boxes and you can buy them for $1 each online, they didn’t stop making cardboard boxes for Christ’s sake. And any seller that tells you not to look at the expensive item they just sold you should be treated with EXTREME suspicion. I am glad it worked out for OP though
I didn’t it was won at auction on whatnot app.
Ok good This cardboard box has nothing to do with the coin, yes open it
This is the original box the GSA dollars were shipped in. This coin hasn't been opened since it was placed in a GSA holder back in the 70's
Assuming someone didn’t open an old gsa box and reseal it to scam others, which would not be hard Or just source the same size of box
It's nearly impossible to open these boxes without permanently damaging them, not saying there's a 0 percent chance but it is pretty unlikely. Either way OP almost certainly overpaid for an 85-CC GSA Morgan by about $1000
Most glues can be reliquified temporarily with a steam iron. But yeah if OP paid $1800 for this he got hosed
Dude why can't you understand, nobody paid 1800.
I also don't understand. Please enlighten us, your grace. It says 1800 on the box??
Just read what OP stated 👍
These boxes had glue that doesn’t reseal very easily, if its sealed as tight as it is its probably original. Even HA auctions sealed GSA boxes(and gets similarly ridiculous money). I’d personally be fine buying it sight unseen as an 85-CC dollar
That's a good thing considering OP only paid $85!!
How cool!
He got it for free.
Please don't comment on topics you clearly know nothing about. It's in the original GSA box. It has not been resealed. I don't know why you keep arguing on a topic in which you have zero knowledge. The last part of your username seems appropo.
Keep the interior box and COA nice. They add to the value. Even retaining this box, provided it’s not totally torn up helps too, since it’s original. Here’s mine: Edit: added text https://preview.redd.it/u3fv7kpjy85d1.jpeg?width=3024&format=pjpg&auto=webp&s=32bf2ca48715b0343303933bfa01d26c779191fe
Open. I’ll post it in a minute
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To late
It’s been 9 man..
Done
Well? Lol
https://preview.redd.it/gxpzro63g85d1.jpeg?width=3024&format=pjpg&auto=webp&s=cbbc855c546b1f429dc1f6feebaff9b38ca9fb4e
Holy fuck that is one sexy ass coin right there
[Finally](https://www.reddit.com/r/coins/s/FpPe86ySzx)
I picked up 10 of these about 15 - 20 yrs ago when silver was low. I should go look at them. I think I spent 400$.
That is wild that you purchased something without seeing it. I hope it works out but given the fact that the seller is telling you not to open it, I have my doubts
This is one odd comment section
I have no idea what I am looking at ..
A box I won that’s should have an 1885 Morgan Carson city in there
Is this from DSS?😅
It is! Couldn’t help myself!🙄
I remember watching this, and asking why it's worth $800 more in the box and dude had no answer lol They drive me nuts with their hyperinflated prices
Well, what’s in the box? And how much did you pay?
Reminds me of being in the grading room and we got a few rolls of morgans with ms67dpl on the ends. We thought it would be deal of the year coming through. Boss man goes to open them up and.... excepting the roll ends they were all common date XF at best lmao. Funny day. Yours looks like it should grade MS63. Nice \~$800 retail coin.
For the posters who commented on the bag marks: Based on my experience sending Morgans to PCGS, including this same 1885CC one in 66+ (see pic below), I've concluded that significant bag marks are expected on all 60-65 uncirculated coins. I have one 63 grade where Liberty's face looks like Rambo. Bag marks like those on the OP's coin don't seem that prevalent or harsh on grades of 65 or better, but they're still there. They're superficial, not dents or gouges. Morgans were relatively scarcely circulated, and as a consequence there's a lot of uncirculated supply. Even with the government 'hoard coins', nobody really knows how they've been handled over 120+ years. All of them have been stacked or bagged at some point. I agree with those who peg the OP's coin as a 61-62. https://preview.redd.it/dlxw6r5cza5d1.jpeg?width=379&format=pjpg&auto=webp&s=961152f8ed499c3bfcf52b1b656bd6c64fb668a7
That is not investing or speculating. That is a crapshoot. The emphasis being on the crap.
Not sure if anyone let you know.. but it’s not *uncommon* for low grade GSA Morgans to be repackaged in an original style box. Most of the original boxes I still see are fairly yellowed. I’d pass on this “new” looking one based on that price alone.
None of these coins were graded folks, they were taken straight out of mint bags and placed in these holders anf then sold, price was set based on eye appeal alone so they are exactly what the slab says, "Uncirculated,", all those scratchs are bag marks. The gems were probably all picked out and graded.
CacG
Wow!
If you only paid 85 bucks you did very well ,its definately wirth 800 bucks.Maybe more depending on the grade .I would pay 85 bucks for any cc well done jedi kight.
I hope you paid less than $500
An 85-CC GSA runs for far more than $500.
They're like $1k retail for average ones in a 63 or 64 like OPs. Keystone pricing, hopefully he got it under $500...
Direct me to your source where you're buying any 85-CC GSAs for $500, I'd like to buy every one they've got.
CDNX. You couldn't afford every one they've got lmao.
Nice try, I have access to CDNx. Bid is $840 right now.
Okay, guess you won't be able to get em then. /Shrug
Bro…c’mon
Definitely grade it but I would be surprised if it grades over a 62
Oof. That coin isn’t worth more than $800. I had one that was nicer and sold it for about $800. You got ripped off big time sir.
OP paid $85. Sooo...
Oh did he? Where did it say that?
The obvious answer is open it and confirm it's real.
It's probably been opened before. In any event, you must.
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The sellers suggested not opening it. I don’t know if it’s slabbed. I’m assuming it is
they have to open it to slab it
He means the GSA slab. These were all slabbed by the GSA in the 1970s.
“slabbing” is used almost exclusively to mean TPG-graded examples, not simply government packaging.
They are called hard packs and soft packs, but I have routinely witnessed dealers and serious collectors refer to the GSA as "slabbing" them. No dealer has further corrected me on the term, though "encapsulate" is also used. If there is a legitimate dealer in this thread that would like to chime in, I invite them to provide their commentary.
cool. I’ve personally never heard that usage in my decades of shows and such. but of course that’s purely anecdotal so I’d too be interested in other views
It's a gamble. You won't know if you've been scammed or what condition it's in if it's actually there, unless you open it.
https://preview.redd.it/0f75fuqgr95d1.jpeg?width=3000&format=pjpg&auto=webp&s=2cc16a970e3f78fb8e7ee0d670b79402f48aee27
That’s beautiful but it kinda looks cleaned I know it’s uncirculated but idk if you zoom in it could be the camera but idk
What is this? 1885 cc Morgan dollars?
Yes. They suggested not to open it. I’m curious if that would increase value
It would not, and tbh just based on this comment I’d bet you got scammed
You overpaid for a gamble. You can get these significantly less expensive and unless you can get someone to X-ray or use a thermal imager you’re guessing at the contents without opening.
*subscribed*
That's a tough purchase! Awesome coin !
Gimme gimme gimme
Take it to your dentist, explain yourself and ask them to xray the box to determine if there is a coin in there.