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 Replies: 28 / Views: 3,113 |
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Moderator
 United States
23522 Posts |
There are so many possible different "right" answers to this question that you can also consider the additional qualifier of only buying stuff you like. Now, go learn what you like first.  |
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Valued Member
 United States
245 Posts |
I was just thinking of getting a really nice CC coin to be honest. I realize some years are rare versus common years. I've walked into three different coin shops recently with the intent of buying a nice Morgan but chickened out and bought silver and gold bullion instead...figuring I couldn't make a mistake that route.
I'm trying to read that book I bought, mentioned above. The author clearly likes some way more than other, more common coins in the series. I guess a CC Morgan is a fairly safe bet. Maybe I'll wait until the Louisville coin show next month?
Edited by TMCD75
08/18/2015 9:12 pm
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Bedrock of the Community
United States
12057 Posts |
Sounds like you know you want a CC Morgan, and you want a really nice one, so I'd be looking for a 65 or better DMPL 1883 or 1884 CC, preferably in the GSA packaging.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
United States
2233 Posts |
I think the 1882-CC, 1883-CC, and 1884-CC could rise in value.
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Pillar of the Community
United States
1750 Posts |
If you want a GSA CC, buy the 1885-CC in MS64 PCGS.
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Moderator
United States
23522 Posts |
Keep in mind, a large percentage of the total issue of 1881-1884 Carson City Morgans were in the GSA sales, so they are plentiful. Almost the entire 1884-CC issue survived untouched into the 1970's and over half of the others.
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Pillar of the Community
United States
3343 Posts |
I'm not much of a Morgan fan but for some reason have always liked the 1879-cc and 1893-cc.
None of the GSA coins are exactly "sleepy". The boxes look neat, but I recently sold a stack of similar boxes containing modern proofs for less than what they cost. When the price of a VF is not substantially lower than an MS I'd go for the scarcer VF.
Another way to get an idea of relative scarcity is to look at Heritage Auction archives and add up NGC and PCGS total populations. For Morgans, the 1879-cc is about 8000, 1893-cc is about 10.000, and the 1882-cc (a very common GSA coin) is over 40,000. By this measure the 1881-o (at 32,000) is actually less common than the 1882-cc.
If you want scarcer coins look at cc gold, preferably before 1890. The relatively common 1882-cc half eagle is an order of magnitude scarcer than the 1879-cc Morgan. You can get nice cc gold for well under $2500.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
08/19/2015 12:14 pm
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Valued Member
United States
171 Posts |
Go to the show in Kentucky you are talking about and look at what's available. Take a notebook and record prices. Look at white morgans and colored morgans, just observe and ask questions. Get business cards and put a number on them then the number by your notes, so you can associate your notes to the dealer. Take small steps and buy what YOU like.
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Pillar of the Community
United States
1450 Posts |
Do you want to collect a full set of Morgans as an ambition? If you are just going to pick up the odd Morgan the CC's do look like the best coins. Some of the Morgans in higher grades just have insane prices. Must be due to meltdowns but I am just guessing.
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Valued Member
United States
245 Posts |
I don't have plans just yet to collect the whole series, don't have the money or time. I guess in the future I could possibly see myself chasing the set. For now, I'd be very happy buying a couple of the CC coins in ms 63 or better.
What are the GSA coins graded? Are they mint state?
Edited by TMCD75
08/19/2015 3:11 pm
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Pillar of the Community
United States
711 Posts |
Most if not all the CC GSA Morgans will be MS something.
Edited by BuckeyeCoinGuy
08/19/2015 3:46 pm
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Pillar of the Community
United States
1450 Posts |
You know you can buy Saint-Gaudens 20$ gold piece like a 1914 in MS60 for $1800 with a mintage of under 100,000. The 1913S with mintage of 34,000 goes for $2500 in MS60 according to 2015 Red Book and gold prices have gone down sharply since January, 2015. If I had $2500 to blow on anything that is where I would look first. This may not be what the coins will actually sell for on ebay, but some place in that range. Not Morgans but we are talking about old gold. |
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Valued Member
United States
403 Posts |
1880-CC Reverse 1878 GSA, in PCGS or NGC MS65 would be my pick.
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Valued Member
United States
281 Posts |
personally, I would buy slabbed rare vams. they seem to hold their premium very well. a 1891CC spitting eagle or something along those lines.
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Valued Member
United States
403 Posts |
Spitting Eagle is actually a more common VAM. Something like an 1890-CC Tailbar is rare, but in 63-64-65, worth well over the original posters budget. |
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Replies: 28 / Views: 3,113 |
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Posted 08/18/2015 9:11 pm
