| Author |
 Replies: 10 / Views: 2,159 |
|
|
New Member
United States
10 Posts |
Why are CC dollars, or almost all CC coins worth so much more than common coins even when in poor grades? Is it just low mintage, collector interest, or melting?
What's the history?
Thanks.
|
|
|
|
Pillar of the Community
United States
1054 Posts |
It's pretty much all those that factor in the pricing. Carson City coins in general are just a popular and they are just cool because of the tie into the old west.
|
|
Pillar of the Community
United States
3184 Posts |
has to do with popularity!
|
|
Pillar of the Community
United States
2734 Posts |
Quote:
low mintage, collector interest, or melting? All three and then some. The CC Morgan series presents its own unique challenges, such as: 1882 to 1885 CC Morgans in circulated grades are much rarer than those years' uncirculated Morgans, thanks to the GSA sales in the 1970's. Example: 1884-CC Morgan Total mintage = 1,136,000 GSA inventory = 962,638 At least 84.7% of the 1884-CC Morgans minted never entered circulation! My 1884-CC's in VG-8 and AG-3 are from the very small quantity of 1884-CC Morgans that actually circulated. 173,362 at most, because some 1884-CC's may have been among the 270 million Silver Dollars melted in 1918. Edited by DNA
11/01/2012 6:01 pm
|
|
Pillar of the Community
United States
1721 Posts |
Carson City is to Morgans as 1963 Split Window is to Corvette. Carson City is to Morgans as Harley Davidson is to Motorcycles. There is a romance with the spirit of the old west. Like owning a nice Colt SAA or Peacemaker  . |
|
Pillar of the Community
United States
2734 Posts |
Quote:
Carson City is to Morgans as 1963 Split Window is to Corvette, Harley Davidson is to Motorcycles. And the CC Seated Liberty dollars are the 1957 Fuel-Injected Vettes and the Panheads! Edited by DNA
11/04/2012 10:24 pm
|
|
Bedrock of the Community
United States
14454 Posts |
It doesn't have much to do about mintage nor condition census when talking about coins like the 1884-CC (as just about the whole population was kept in vaults until the 1960's). It is simply the mystique about where the coin was minted. When you think about Carson City you think Jesse James,Wild West or everything in that category and it seems to make the imagine soar about who could have held the coin and spent it back when it had just been minted. When you think about those things I don't think there is anyone that doesn't want to have a CC minted coin in their collection so their popularity soars and the price goes up.
|
|
Pillar of the Community
United States
2734 Posts |
Indeed, every 1884-CC Morgan was minted in the year 1884, in Carson City, Nevada; out of Comstock Lode silver. Right there, you have a ton of historical importance, even for the 962,638 that never left the vault (for contemporary circulation). Quote:
who could have held the coin and spent it Or, in the case of my circulated 1884's, the people who actually did spend them!  Edited by DNA
11/05/2012 10:54 pm
|
|
New Member
United States
38 Posts |
CC coinage are my favorite subject. As DNA states a lot of the Morgan dollars are available in mint state and are quite tough to locate in circulated grades. A great example of this is the 1885-CC Morgan. Small denomination coins were made for commerce and combined with small mint ages very few were saved in mint state conditions. In some years there is no mint state coins to be had. CC-Loosechange |
|
Pillar of the Community
United States
2734 Posts |
The first year the Carson City Mint opened (1870), the coins were urgently needed for local commerce, so it's amazing that even AU examples exist today. Saving an 1870-CC Double Eagle when its spending power was equivalent to $350 in today's money, in an area generally short of coins, took some serious dedication! We, the numismatic community, are forever in debt to those brave few.
|
|
Valued Member
357 Posts |
Great discussion. I've been considering getting a CC silver, but I've never understood why they are so expensive until now.
|
| |
Replies: 10 / Views: 2,159 |
|
Posted 11/01/2012 1:07 pm
