NGC Registry

ALPHA ONE


Category: Dollars
Set Type: GSA Soft Pack Holders, Morgan Dollars, 1878-1921
Owner: AlphaTrilogy
Last Modified: 6/11/2018
Views: 1899

Rank: 1
Score: 140929
Leading by: 11195
Points to Higher Rank: N/A
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Set Listing   Gallery   Slideshow       History  

Set Description:

I am a member of a small group of oddball collectors that love GSA Soft Packs. Less than 100,000 soft packs were released by the GSA back in 1973 and not many remain in their original packaging.

Imagine how many soft packs were initially opened! Personally, I’d be shocked if 10% of them survived in the packs. At $3 each, those original purchasers back in the 1970’s were taking a gamble on whether they’d receive a common date or something special. They’d either be elated or disappointed when they opened that envelope. Most would simply cut open the soft pack and stick the coins in their albums. Some of the “disappointing coins” at that time are probably the rarer and more valuable ones now. No one was doing a census by date and mint mark so no one knew at the time which ones were actually rare. My guess is that only a few thousand (most certainly less than 10,000) GSA Soft Packs remain. Most of those are 1878-CC, 1883-O, 1884-O, 1885-O, 1922 Peace, and 1923 Peace Dollars.

There is an adage in the collecting world to “Buy the coin, not the package”. However, I come from a diverse background of collecting and have collected many different items. I’ve always been willing to pay more for something in the original packaging. In most fields, other than coins, the packaging can be as important as the item itself. So, I’m OK paying a premium for the packaging. There won’t be any more of it made. It never fails to make me smile when I have a purist (and often time conceited) collector tell me I’m wasting my money on Soft Packs. I always respond that “I’ll probably never know”.

I bought the first coin of this set in February of 2014. Until February, I knew little of GSA Soft Packs and had never owned one. At the time I was putting together a nice set of GSA Hard Packs and avoided Soft Packs like a plague. My ignorance was bliss.

While trying to negotiate to purchase a fellow collector’s Hard Pack Carson City GSA Collection, he introduced me to Soft Packs. His passion was contagious. I started researching them, discovered how rare they are, and fell in love with the hardpack’s wayward little brother.

I refer to collecting GSA Soft Packs as the Wild West of Coin Collecting. I’ve grossly overpaid for some coins and I’ve underpaid for others. There are myriads of people in the hobby that don’t understand, appreciate, or respect Soft Packs – which is fine by me – as it presents an opportunity to purchase some rare coins with a rich history for a relatively low price (compared to obscurity). There are no price guides for Soft Packs! It’s a true Keynesian market – price is completely determined by supply and demand. And, even though supply is not at all high, neither is demand!

My initial goal for this set was simple. I planned to put together the nicest collection that I could afford (and find) over a period of years or decades. I didn’t dream that it was possible to take the number one spot, nor was it my initial goal. In fact, when I first started collecting I didn’t even know about the Registry.

Most of the Soft Pack collectors and dealers I’ve met have been awesome. They are great people and passionate collectors!

However, I met one that unintentionally inspired me to really get serious about my collection. He contacted me shortly after I initially listed my set on the NGC Registry. I only had a few coins, but I had one he wanted. I didn’t even realize that it was that rare or desirable. When I refused to sell or trade it to him he got a little hostile and told me I was a joke. He’d been collecting for years and I didn’t have a “snowball’s chance in hell” of ever having a contending set, etc, etc. The funny thing is that after years of collecting this guy also did not have a top set. However, his threats and blustering inspired me to get a little more serious about my collection. I now have 3 GSA Morgan Soft Pack sets ahead of his. He may be a clown, but I appreciate his inspiration!

Six months after my first Soft Pack purchase I claimed the #2 Registry spot. After nine months I had 114,000 points and still was sitting at the #2 spot. One year later I took the #1 spot. So, twenty one months after my first Soft Pack I had the #1 Registry Set for GSA Soft Pack Morgans and Peace Dolars. It wasn’t easy, but it was probably easier than it should have been!

I realize that I might lose money on this set if I ever decide to sell it. I also realize that at some point in time, other collectors may realize just how unique and rare these coins in these packages are and prices could go through the ceiling! It’s a gamble, but one I’m having fun making! Supply is always going to be low! What will demand be in the future? Who knows?

The thing is, though… I’m betting a lot more money that they will eventually go up than anyone is betting they will go down!


_______________________________________________________________________


If you have any rare, top population, unknown, low population, etc Soft Packs to sell, please contact me: AlphaTrilogy@gmail.com . I’m a nice guy and serious buyer/collector.

Happy Collecting!
 Slot DescriptionGradeServiceScore
View Coin 1878 8TF GSA SOFT PACK VF 30 NGC 990
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View Coin 1878 7/8TF GSA SOFT PACK MS 62 NGC 2585
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View Coin 1878 7TF REV OF 78 GSA SOFT PACK MS 60 NGC 2197
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View Coin 1878 7TF REV OF 79 GSA SOFT PACK XF 45 MS NGC 1303
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View Coin 1878 CC GSA SOFT PACK MS 65 NGC 6581
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View Coin 1878 S GSA SOFT PACK MS 63 NGC 2614
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View Coin 1879 GSA SOFT PACK MS 63 NGC 1138
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View Coin 1879 CC GSA SOFT PACK F 12 NGC 3708
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View Coin 1879 O GSA SOFT PACK MS 62 NGC 597
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View Coin 1879 S GSA SOFT PACK MS 65 NGC 1782
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1879 S REV OF 78 GSA SOFT PACK  
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View Coin 1880 GSA SOFT PACK XF 45 NGC 874
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View Coin 1880 CC GSA SOFT PACK MS 64 NGC 3238
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View Coin 1880 CC REV OF 78 GSA SOFT PACK MS 62 NGC 2807
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View Coin 1880 O GSA SOFT PACK MS 63 NGC 2124
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View Coin 1880 S GSA SOFT PACK MS 65 NGC 1505
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View Coin 1881 GSA SOFT PACK AU 55 NGC 688
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View Coin 1881 CC GSA SOFT PACK MS 65 NGC 2754
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View Coin 1881 O GSA SOFT PACK MS 64 NGC 1138
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View Coin 1881 S GSA SOFT PACK MS 64 NGC 990
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View Coin 1882 GSA SOFT PACK AU 58 NGC 779
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View Coin 1882 CC GSA SOFT PACK MS 62 NGC 2124
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View Coin 1882 O GSA SOFT PACK MS 62 NGC 1284
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View Coin 1882 O/S GSA SOFT PACK AU 55 NGC 1028
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View Coin 1882 S GSA SOFT PACK MS 64 NGC 1039
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View Coin 1883 GSA SOFT PACK MS 64 NGC 908
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View Coin 1883 CC GSA SOFT PACK VG 8 NGC 1333
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View Coin 1883 O GSA SOFT PACK MS 64 NGC 820
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View Coin 1883 S GSA SOFT PACK AU 53 NGC 2510
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View Coin 1884 GSA SOFT PACK MS 63 NGC 2124
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View Coin 1884 O GSA SOFT PACK MS 66 NGC 1450
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View Coin 1884 S GSA SOFT PACK AU 58 NGC 2960
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View Coin 1885 GSA SOFT PACK MS 64 NGC 1260
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View Coin 1885 O GSA SOFT PACK MS 65 NGC 1138
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View Coin 1885 S GSA SOFT PACK AU 50 NGC 2464
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View Coin 1886 GSA SOFT PACK MS 65 NGC 1271
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View Coin 1886 O GSA SOFT PACK VG 10 NGC 820
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View Coin 1887 GSA SOFT PACK MS 65 NGC 1138
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View Coin 1887 O GSA SOFT PACK AU 55 NGC 1609
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View Coin 1887 S GSA SOFT PACK MS 61 NGC 990
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View Coin 1888 GSA SOFT PACK MS 60 NGC 1138
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View Coin 1888 O GSA SOFT PACK AU 58 NGC 891
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View Coin 1889 GSA SOFT PACK MS 61 NGC 1066
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View Coin 1889 O GSA SOFT PACK XF 45 NGC 802
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View Coin 1890 GSA SOFT PACK MS 61 NGC 1051
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View Coin 1890 CC GSA SOFT PACK F 15 NGC 1886
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View Coin 1890 O GSA SOFT PACK VF 30 NGC 725
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View Coin 1890 S GSA SOFT PACK MS 62 NGC 1969
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View Coin 1891 GSA SOFT PACK AU 55 NGC 1375
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View Coin 1891 CC GSA SOFT PACK VG 10 NGC 1609
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View Coin 1891 O GSA SOFT PACK AU 53 NGC 1568
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View Coin 1891 S GSA SOFT PACK G 4 NGC 990
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View Coin 1892 GSA SOFT PACK XF 45 NGC 1583
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View Coin 1892 CC GSA SOFT PACK VG 10 NGC 2124
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View Coin 1892 O GSA SOFT PACK XF 40 NGC 1558
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View Coin 1892 S GSA SOFT PACK VF 30 NGC 1477
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1893 GSA SOFT PACK  
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View Coin 1893 CC GSA SOFT PACK VG 10 NGC 2754
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View Coin 1893 O GSA SOFT PACK F 15 NGC 1271
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1893 S GSA SOFT PACK  
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View Coin 1894 O GSA SOFT PACK XF 40 NGC 2439
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1894 S GSA SOFT PACK  
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View Coin 1895 O GSA SOFT PACK VF 30 NGC 2124
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View Coin 1896 GSA SOFT PACK MS 62 NGC 1886
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View Coin 1896 O GSA SOFT PACK VF 25 NGC 1271
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1896 S GSA SOFT PACK  
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View Coin 1897 O GSA SOFT PACK VF 20 NGC 990
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1897 S GSA SOFT PACK  
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View Coin 1898 GSA SOFT PACK AU 58 NGC 1649
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View Coin 1898 O GSA SOFT PACK MS 64 NGC 2124
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1898 S GSA SOFT PACK  
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View Coin 1899 GSA SOFT PACK F 12 NGC 1138
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View Coin 1899 O GSA SOFT PACK MS 63 NGC 2124
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View Coin 1899-S GSA SOFT PACK F 12 NGC 2727
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View Coin 1900 GSA SOFT PACK AU 58 NGC 1345
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View Coin 1900 O GSA SOFT PACK MS 63 NGC 1886
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1900 O/CC TOP-100 GSA SOFT PACK  
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View Coin 1900 S GSA SOFT PACK G 6 NGC 820
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View Coin 1901 GSA SOFT PACK VF 25 NGC 2302
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View Coin 1901 O GSA SOFT PACK MS 63 NGC 1753
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View Coin 1901 S GSA SOFT PACK AG 3 NGC 725
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View Coin 1902 GSA SOFT PACK MS 62 NGC 1886
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View Coin 1902 O GSA SOFT PACK MS 63 NGC 1886
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View Coin 1902 S GSA SOFT PACK AU 58 NGC 2464
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View Coin 1903 GSA SOFT PACK XF 40 NGC 990
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View Coin 1903 O GSA SOFT PACK MS 64 NGC 2597
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View Coin 1903 S GSA SOFT PACK XF 40 NGC 2197
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View Coin 1904 GSA SOFT PACK F 15 NGC 1051
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View Coin 1904 O GSA SOFT PACK MS 64 NGC 2124
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View Coin 1904 S GSA SOFT PACK VG 10 NGC 820
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View Coin 1921 MORGAN GSA SOFT PACK MS 63 NGC 1312
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View Coin 1921 D GSA SOFT PACK AU 55 NGC 851
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View Coin 1921 S GSA SOFT PACK MS 61 NGC 949
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