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 Replies: 11 / Views: 6,153 |
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Pillar of the Community
United States
1429 Posts |
Over the past couple of years I purchased a few of the more commond date VF-35 NGC graded CC dollars for reasonable prices $70-80. I simply did this as an investment for the future given the relatively low mintage and melting that took place in the earlier part of the 20th century.
1882-CC 1,133,000
1883-CC 1,204,000
1884-CC 1,136,000
I realize that most of us (including myself) are mainly here for the numismatic appreciation of the coins, yet I try and combine some investment strategy on certain types.
Your views?
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Bedrock of the Community
United States
10982 Posts |
Quote:
Over the past couple of years I purchased a few of the more commond date VF-35 NGC graded CC dollars for reasonable prices $70-80. Looks like a good investment to me. The prices you paid are well under current Greysheet bid. My question would be: Why did you only buy a few? If more were available at that price and you could afford them, I would have picked up a dozen of each. CC Morgan's are always in demand and I could see those bringing $200 a piece in a few years when the economy recovers. P.S. Any certified CC Morgan under Greysheet is worth buying. |
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Pillar of the Community
 United States
1429 Posts |
I track them on ebay (certified only). Taking into account the cost of grading ($10-15) it is hard to find them in bulk. Thanks for your validation. Happy new year, Zohar |
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Moderator
 United States
23522 Posts |
Quote:
I realize that most of us (including myself) are mainly here for the numismatic appreciation of the coins, yet I try and combine some investment strategy on certain types.
Your views? My view? You're playing it very, very smart. Keep in mind, in many cases it's easier to find a Mint State Morgan than a circulated one. I would guess that a majority of the Morgans currently available never left their original Mint bags until after the turn of the century, when they no longer really circulated. For that reason, as demand grows (and it will grow), circulated Carson City dollars make a wise investment. Prices for Mint State coins will rise, and collectors will drive up prices for circulated examples because it's what they can afford. It'll take you $200 to get into a Mint State, common CC coin today; imagine what it'll take 10 years from now. By all means, collect what you like. However, it's always smart to look to the future of your collection as well as the present. |
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Pillar of the Community
United States
1429 Posts |
Thanks, SuperDave, bherring1964 - I appreciate your feedback.
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Pillar of the Community
United States
6383 Posts |
Hi Zohar, I don't think you'll go wrong buying CC coins, as long as you stick to your budget when bidding. It's still possible to buy both circulated and MS Carson City Morgans at reasonable prices on ebay. They always seem to be available, so don't surrender to "auction fever". If the bid goes too high, let it go and wait for the next one. I won these two Morgans on ebay in October, 2008. My total costs were $70 for the circulated '79-CC and $161 for the mint state '83-CC. I invested another $25 into the '83-CC to have it graded by PCGS and it came back MS-64. As long as I can find deals like this I'll keep trying for Carson City coins!     |
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Bedrock of the Community
United States
10982 Posts |
Quote:...on ebay in October, 2008. My total costs were $70 for the circulated '79-CC and $161 for the mint state '83-CC. I invested another $25 into the '83-CC to have it graded by PCGS and it came back MS-64... That '83-CC for $161 was a serious pick! Good work! |
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Pillar of the Community
United States
5606 Posts |
Jaobler, those are some very, very nice die breaks on both the obverse and the reverse, nothing like a good break or crack, nice coin, Mike...
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New Member
United States
3 Posts |
Way to play it smart!
In my opinion, CC is the way to go!
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Pillar of the Community
United States
1490 Posts |
Do you think the same investment potential lies with CC Seated coinage? |
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Moderator
United States
23522 Posts |
Quote:Do you think the same investment potential lies with CC Seated coinage? Not to the same degree as Morgans, simply because of the much larger pool of Morgan buyers. The principle applies, though - you can expect the Carson City cachet to work across issues. |
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Pillar of the Community
United States
2734 Posts |
This thread "made" me buy an 1878-CC Morgan!  Circulated CC Morgans also have the historical 'cachet' that they began their circulation days in the 'Old West', versus sitting in a bank vault until 1964.  |
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Replies: 11 / Views: 6,153 |
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Posted 01/01/2009 4:17 pm
