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Press Manager
 United States
1420 Posts |
Numismatic News - Sometimes truly remarkable things happen to a coin and that is the case with the 1885-CC Morgan silver dollar. This makes it one of the most interesting dollars in the series. That is no small accomplishment. Morgan dollars have many fascinating stories to tell.  At first glance, the 228,000 mintage 1885-CC looks like a fairly typical Carson City dollar date. It is on the low side, no doubt, indicating it might be a bit tough to find. But because it was part of the General Services Administration sales of Treasury silver dollars in the 1970s and 1980s, the 1885-CC can be found in Mint State with prices of $725 in MS-60 and $1,100 in MS-65. The relatively narrow spread between the two prices tells you that there were some big numbers sold by the GSA. That is exactly right. The GSA sold 148,285 1885-CC silver dollars. That was 65.03 percent of the original mintage. While an amazing total, it is even more amazing to realize that in at least one case there was an even high percentage of the original mintage in the GSA sale. Read the Entire Article Subscribe to Numismatic News
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Pillar of the Community
United States
7390 Posts |
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Bedrock of the Community
United States
11951 Posts |
I love reading about Morgan dollars ... even better when they are GSA. I only have one 1885 CC and one raw. With 65% of total mintage of 1885 CC's coming from GSA sales, I have to wonder if my raw one was at one time in a GSA holder. 1884 CC's GSA'S had 84% of the total mintage in GSA sales and the 84's have a much higher mintage over the 85's. Articles like this one .. makes me want to get more GSA's. |
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Pillar of the Community
United States
4211 Posts |
Very interesting article.
I'm glad to know this.
Congrats on having 2 of this mint GR58!
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Valued Member
United States
321 Posts |
Fun Fact: The 1884-CC dollar is actually more common in UNC than the 1881-S. The magical CC mark raises the price though.
Edited by Omegaraptor
11/27/2016 1:04 pm
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Bedrock of the Community
United States
12057 Posts |
I love my 1885-CC GSA. I got it from a CCF member, so that makes it even more special. Great reading.
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
1450 Posts |
The 1885-CC Morgan will be the next one I get in my last 8 to complete the set excluding the 1895 proof. Believe or not all the other Morgans on my list are even more expensive. I got a 1893 in AU a few weeks ago and it cost me a pretty penny, but it was so much better than the EF 1893 I already had I could not resist. When you start to collect Morgans you are really on a quest that could last 20 years or even a life time if you want to improve your set to the best you can possibly afford. How about the 1889-CC and the 93-CC for price and desirability? With a Morgan set you can always improve it. Same with LWH dollars. Big silver coins are great of any century.
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Pillar of the Community
United States
4989 Posts |
The 1883 and 1884 CC's are certainly pricey relative to population due to that magic CC but I think the 1909-S VDB LWC has them beat. 484,000 minted and the vast majority are UNC since the coin was taken out of circulation almost immediately by collectors. Would not surprise me if 250,000+ of those are floating around in various UNC grades. |
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Pillar of the Community
United States
1450 Posts |
Fenton
Where do you think these 1909 S VDB coins are floating. I want to float with them.
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Valued Member
United States
321 Posts |
Quote:
Where do you think these 1909 S VDB coins are floating. I want to float with them. Hundreds on ebay, many at any coin show. Quote:The 1883 and 1884 CC's are certainly pricey relative to population due to that magic CC but I think the 1909-S VDB LWC has them beat. 484,000 minted and the vast majority are UNC since the coin was taken out of circulation almost immediately by collectors. Would not surprise me if 250,000+ of those are floating around in various UNC grades. BTW PCGS estimates the SVDB survival rate in all grades at about 50000. I'm not surprised. And then there are French Colonial coins with survival rates in the single digits for under $150. Civil War Tokens with similar survival rates for under $75. Seated half dimes are undervalued IMO, but compared to some hidden gems they are actually overvalued. |
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Pillar of the Community
United States
1450 Posts |
I think "demand" is the big issue in coin collecting. Morgans are in high demand and other more scarce coins are not for whatever reasons. You know there are a good number of Peace dollars with very low mintage and they sell for peanuts compared to the Morgans. Only the higher grades of LWH dollars really sell for the big money and that coin is an Icon. Compare the CC Morgans with the 1884-S and between grade of AU and MS65 the gulf is incredible. Same for 1886-O between AU and MS65. The only one that approaches that differential is the 93-S IMO. |
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Pillar of the Community
United States
1748 Posts |
Fun fact...there were only two denominations produced at Carson City in 1885. The Morgan dollar and the $20 Lib. |
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Posted 11/27/2016 10:52 am
