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 Replies: 27 / Views: 3,821 |
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Pillar of the Community
United States
4421 Posts |
Out of curiosity, thought I'd take a poll on ebay availability for these dates: 1899 ......... 84 offered in XF-AU 1889-CC ...... 22 " " 1892-CC ...... 30 " " Availability in the market will influence value. Then too, many of these listings are probably dipped XF's. Still, its something of a telling snapshot, comparatively speaking. |
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Valued Member
United States
53 Posts |
SeatedNut nailed it - its not what was minted - its what survived the great purge (shall we say). The CC's do tend to go for more at the same relative rarity - but the mintages don't really tell the story. As a side rant - why the heck does the Dansco album (7179) have a slot for the 1895-p! That was a proof only - and if someone had one - I doubt they'd want to put it an an album given its a $25000+ coin  Edited by happyhop
04/04/2014 2:14 pm
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Pillar of the Community
United States
3755 Posts |
Carson City beats out Philly every time. Sorry Philidelphian, thats just how it is.
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Valued Member
United States
149 Posts |
The key with Morgan dollars is not the mintage, but the survival, and the grades in which the coins survive. 1899 has a low mintage, but is plentiful, because most of the mintage was released from bags in the 1960s. Look at 1892-S. Mintage over 1 million, but pretty much all were released into circulation, making an MS63 a huge coin compared to an MS63 1899. |
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Pillar of the Community
968 Posts |
Survival rates >>>>>>>>> Mintages.
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Valued Member
United States
450 Posts |
I think that the CC dollars circulated heavily, making better condition coins scarce.
The 1899 dollar did not circulate as much ?
I have always been curious of the impact of papar money on the circulation of the larger more cumbersome silver dollars.
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Pillar of the Community
United States
3343 Posts |
I had some Morgan cc's at one time. Then I also became a seated nut. I have one beat-up seated cc dollar...which I wear in my belt buckle. No one knows what it is, it's rarer than an 89-cc, but it sells for less in similar condition. The eagle looks way better than that stuffed turkey on the back of the Morgan too.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
04/05/2014 09:40 am
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Valued Member
440 Posts |
Seated Nut hit it on the head. So many were minted but how many survived the melt pot. Also some issues are very rare in UNC and more plentiful in CIRC condition. And then there is the allure of Carson City Morgans that demand a premium.
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Pillar of the Community
United States
2077 Posts |
The same trend there is for S mint coins. Less survived in high grades. For some reason, people out west used coins, while in the east they used paper money. Maybe pioneers didn't have wallets.
Edited by OldSkoolMadSkilz
04/05/2014 4:37 pm
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Pillar of the Community
United States
6370 Posts |
You also need to take into consideration that the CC coins were more circulated back then, since more people could not afford to save silver dollars out west than the east coast. Also, they were often carried around in $1000 bags on stagecoaches and trains, not the smoothest rides, so many/most do not have pristine surfaces. Then on the mid-20th century, when cleaning coins was not looked down upon, many of these old and dirty CC Morgans were cleaned. In effect, there is a much lower population of nice CC Morgans than nice Philly Morgans, and the lower the mintage, the less nice pieces there are. When there are fewer pieces to go around, then collectors will hike up prices to get these nicer examples. That's pretty much my opinion / way of thinking.
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Pillar of the Community
United States
6370 Posts |
Also take into consideration the Pittman Act of 1918. How many CC's were melted down in comparison to other (Philly) dates? That would have a serious effect of value, such as with the 1901 and 1904 O Morgans in high grades.
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Pillar of the Community
United States
2815 Posts |
Quote:
As a side rant - why the heck does the Dansco album (7179) have a slot for the 1895-p! That was a proof only - and if someone had one - I doubt they'd want to put it an an album given its a $25000+ coin
Exactly. The 1895 Philly Proof and the fact that I will not buy a single CC Morgan uncertified is why I won't get a Dansco for my Morgans. The will all remain slabbed. |
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Replies: 27 / Views: 3,821 |
First Page
Posted 04/04/2014 2:12 pm
