1885 CC Versus 1889 CC Morgan Dollars

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Author	Replies: 6 / Views: 3,949
junior e Pillar of the Community United States 931 Posts	Posted 05/10/2011 5:17 pm Can someone explain why the 1889 cc with a mintage of 350,000 is so much more expensive than the 1885 cc with a mintage of 238,000 ? Did they melt a bunch of 1889's or what ? Report this Post to the Staff

mycrob Pillar of the Community United States 2602 Posts	Posted 05/10/2011 5:57 pm Maybe it had to do with the big silver dollar melt of 1918- Pitman Act? I think something like 270 million silver dollars were melted, some years were spared better than others. 1903-O I think was melted in large quantities so despite the 4.45 million minted- normally it would be a common date, but the melting of large numbers led to this being a key date. I doubt they have any records of which dates/mint marks they melted. 1903-S is also a tougher date despite 1.2 million mintage. So by speculation, I would suggest 1889-CC was melted in great amounts than 1885-CC leading to 89-CC being a much more in demand key date than 1885-CC. Report this Post to the Staff
throwbackid Pillar of the Community 1283 Posts	Posted 05/10/2011 7:28 pm I own an 1889 that I paid through the teeth for. I was told that the 1889 is more valuable because most of the 89's haven't survived to this day. Where the 1885's were stored and saved for their low mintage. So what I guess that means is though there were 350k minted a small fraction are still avaible in today's market. I go to alot of auctions and see 1885's all the time in various condition but rarely see an 1889 and never in great shape. I paid $900 for mine in Fair shape maybe f12-20 but I had to have it, the old west history is very valuable to me. Report this Post to the Staff
junior e Pillar of the Community United States 931 Posts	Posted 05/10/2011 8:19 pm I really want to buy an '89 cc but I've seen some beautiful ms66 85's that are very tempting knowing the low mintages. Report this Post to the Staff
Bizybackson Pillar of the Community United States 1817 Posts	Posted 05/10/2011 8:26 pm The answer is the greater portion of 1885CCs were held in the mint vault and were sold in the GSA sales of the 70s and in 1980., accounting for the majority of mint state coins. There were almost no 1889CCs in those sales, so the mintage must have been distributed and few were saved in MS, making them rare and expensive coins to buy. The 1889CC is a major key in the Morgan dollar set. Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 05/11/2011 11:24 am Bizybackson is correct. Although the 1885 CC is scarce, a significant number of them stayed in the vaults and were preserved in MS. But the 1889 CC's went into circulation and were worn down and mostly lost. I believe there was only 1 1889 CC in the GSA sales. Report this Post to the Staff
jfransch Pillar of the Community United States 1801 Posts	Posted 05/12/2011 01:07 am Condor101 is correct, there was only one 1889CC in the GSA sale and it was recently certified by NGC as MS 62 DPL. Mintage figures are very misleading in the Morgan dollar series due to the massive melting of coins as well as the giant hoard from the US treasury vaults that was pouring out in the 60s up until the GSA sales. According to Q David Bowers there was at least one 1889CC bag to come out of the vaults before the government got a clue and stopped the disbursement. Report this Post to the Staff
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