CC Morgan Dollar question

PTVETTER

Why is it that the 89CC has a higher mintage that the 85CC and the 85 CC is SO much lower in price?

MFeld

The answer is the same reason that many other coins are scarcer than their original mintages would lead people to expect - a large portion of the 1889-CC production was melted.

Edited to add: At the same time, a large number of 1885-CC’s were set aside and later distributed in GSA sales.

ifthevamzarockin

The 85CC was saved in bags in government vaults and are not hard to acquire in mint state.

dollarfan

I also wondered this before. One of the additional reasons being many 1885 cc bags were stored until being released in gsa hoard. Very few lower to mid grade 1885 cc out there.

Walkerfan

There is only one known surviving MS 1889 CC from the GSA hoard. There are literally thousands of 1885 CCs in MS from that same GSA hoard.

124Spider

It's funny what can happen when an old stash is found (true even of ancient coins). For years, the 1903-O Morgan dollar was the most valuable of the entire series in uncirculated grades, with only about ten known to exist. Then, in 1962, dozens of bags of them were found; now it's not a "common date," but it's not nearly as expensive as a couple dozen other Morgans.

bigmountainlion

There were 148000 1885-cc Morgan’s in mint state that was released. So a worn 1885-cc was quite valuable at one time.

https://www.currencyandcoin.com/blog/what-is-a-gsa-morgan-silver-dollar/

VegasDan

@ifthevamzarockin said:
The 85CC was saved in bags in government vaults and are not hard to acquire in mint state.

@124Spider said:
It's funny what can happen when an old stash is found (true even of ancient coins). For years, the 1903-O Morgan dollar was the most valuable of the entire series in uncirculated grades, with only about ten known to exist. Then, in 1962, dozens of bags of them were found; now it's not a "common date," but it's not nearly as expensive as a couple dozen other Morgans.

I’m so glad my 1885-CC and 1903-O were were being saved in bank vaults in Mint State condition waiting for me all these years for me to have the opportunity to own



one in great condition.I hope someday a large hoard of 1889-CC’s surfaces also.Ha!Ha!
Now these are truly my two favorite Morgan dollars and weren’t easy for me to own being retired.If anyone can relate to that.

124Spider

I’m so glad my 1885-CC and 1903-O were were being saved in bank vaults in Mint State condition waiting for me all these years for me to have the opportunity to own !

Agreed!

Walkerfan

VegasDan

HaHa!Very nice! Aren’t we glad they threw in the vault since the 70’s or whenever.And they didn’t melt them all.

Walkerfan

Here's an old image of the only known 1889 CC GSA. I have no idea who owns it but it would likely garner a king's Ransom if auctioned off today.

VegasDan

I’m sure most of you guys know the 1885-CC Morgan dollar has a lower mintage than a 1916-D Mercury Dime.That’s kind of amazing to think about.And the 85-CC’s have a lot more meat on the bone so to speak.For a $1000 dollar 1916-D Mercury dime you almost get an electrical box slug.
Unless some decent money comes my way I still might spring for a semi-slug someday to complete that set.Gezzzz!we’ll see,maybe!

ricko

I am glad I completed my CC Morgan set over 20 years ago. Even acquired some 'unopened' GSA coins from a forum member. I did open them - of course. Cheers, RickO