Carson City Morgans For Melt Value?

you would honestly be surprised by some of the stuff members have found. A couple of weeks ago we had someone find a $1000 Fugio cent in a box of junk jewelry at an auction. My point is, is that the stuff is out there. Good luck and happy hunting.

I will buy every single Carson City Morgan you offer me at melt. I will borrow money if I have to, because I will at least double my money on all of them.

It has been known to happen, but rarely. On the other hand people have been known to win the powerball lottery too.

I think the point has been made.

Gyrene, that might be the Billy Ripken version.

I found a '89-CC in VF in my LCS's junk Morgan bucket. It had quite a few rim dings on it and I assume no one had flipped it over to look at the reverse. The owner caught his error on checkout and reclaimed it. Our own "GR58" appears to have the coin now. I really didn't have a problem with the "now you see it, now you don't". PG

You'd probably have better luck finding a CC hidden in other heavily worn coins. I lucked out almost 30 years ago getting an 1878-CC Liberty Seated dime that was heavily worn in which the reverse was more heavily worn than the obverse. And with the lighting just right you could see CC that was just about worn flat below the wreath. I picked this up for 50 cents in 1988 when buying junk silver. Surprisingly even though this is a low 200,000 mintage coin, it doesn't demand premiums that you would expect. The coin is "RARE", but the demand isn't there to command the prices that it should be worth.

When it comes to Morgan dollars the majority of the survivors ( those that were fortunate not to be melted ) are in grades in which mint marks are easily identifiable and the most common grades are VG-VF for circulated coins with a vast number of mint state coins which spent most the their years locked up in sacks in bank vaults to back silver certificates.

CC Morgans for the common CC dates bring a little over $100 each these days for worn specimens. If you search hard enough you may find some for less than $100 for damaged or heavily worn coins. I saw a 1878-CC sell for $40 a few years ago that was heavily worn and had a hole in it that someone made a necklace out of I suppose. There are many collectors out there that hoard CC coins, especially CC Morgans. And due to this demand they come at a premium.

If you search through a dealers common silver dollars, if he or she accidentally placed one into the pile would probably be the only way to get a CC morgan cheap. Its very unlikely that this would ever happen, but its possible as for I was very fortunate to get an 1893-S in the blind purchase of a pile of Morgans from a dealer at $8 per coin when buying them up to search for VAMs. I later sold this coin that made Numismatic News for $3150 to a wealthy local collector who owned the 1895 proof that his grandfather passed down to him and needed the 1893-S VF Details Net F-15 to complete his set.