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The GSA Hoard of Carson City Dollars
Ian Russell on Fri, Feb 24, 2012 08:35:17 AM
Up until the mid 1960s, CC dollars were relatively scarce in high grade.  That was until the GSA Hoard was discovered and subsequently sold off to collectors and dealers.  The GSA Hoard, named after the Government Services Administration branch of the U.S. government that was responsible for the sale of coins, represented up to 84% of the entire mintage of some dates!  In all, the Hoard contained over three million coins, most of which were minted in Carson City, Nevada.

The U.S. government sold the coins off in a series of mail bid sales between 1972 and 1980.  The better dates (including the 1879-CC, 1890-CC and 1891-CC) sold out very quickly when they were offered in the early 1970s, while the more common dates took a final mail bid sale in 1979/1980 to sell out.

Nowadays, they are among the most popular U.S. coins collected.

GSA dollars are available uncertified in their original packaging, they are also available graded by NGC and ANACS (still in their original packaging).  PCGS will grade GSA dollars, although they break them out of the holder and note "GSA" on the PCGS insert.

The quality of the coins in the GSA hoard is generally very good.  They are mostly uncirculated coins that grade between MS-62 and MS-66.  Toned coins in the GSA holders are very popular, especially those with attract rainbow toning... these are few and far between.

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