Carson City Morgans

CCNugett

Hello All,

This is my first post and I would appreciate some input from the experts here.
I have invested in about 25 Carson City Morgans.I do not have the 1889 or the 1892. The 1893 CC is NGC graded XF45.The 1881 CC and 1885 CC are graded MS64 by NGC. The 1878 CC and 1891 CC are not grade,but would go MS 63. All the rest are GSA and some have been graded in the GSA holders by NGC and are MS 64's.

The question I'd like to put in front of you is: How much do you think these Carson City Morgans will appreciate in the next 4-5 years and should I hold them.There just sitting in my safety deposit box and I have no real need for the money now.Do you think the more common 1882-3-4 dates will reach $350-400 in 4-5 years?

kranky

Disclaimer: I have no actual idea what will happen in the future, and this is my opinion only.

These coins have appreciated quite a bit recently, and I have to wonder if it's not time for them to take a breather. CC Morgans have always been popular and will no doubt continue to be popular, so I wouldn't be concerned about them losing a great portion of their value but if you need the money now, it might not be a bad idea to take your profits regardless of whether or not you think they will continue to rise.

RYK

Do you think the more common 1882-3-4 dates will reach $350-400 in 4-5 years?

I do not collect these (I do have one 84-CC PCGS-64 PL), but I know that they are extremely common. I find it hard to believe that you will essentially double your money in that time frame.

Welcome to the boards!

Steve27

I agree with Kranky, and I would only add that the more common dates 82-84 probably won't rise much more than they already have (the supply is too big).

CCNugett

I should have noted that I have been collecting coins since I was 12 years old.The purpose of my question is only to get some input from other collectors as to the direction of the market in the next 4-5 years on these Carson City Morgans.I'm aware of the recent increase in value and the demand.For example the 1893 CC was purchased for $700.00 and PCGS as it at $1650 in XF45.

I'm sorry about not being more clear on my question.Maybe the question should be: Will the Carson City Morgans continue their astounding climb in price over the next 4-5 years? Thanks, Tom

RYK

I find it hard to believe that you will essentially double your money in that time frame.

Actually, I am hardpressed to come up with any coin or public investment that I would predict to double in the next five years. I am counting on my retirement account to about double in that time frame, but this is juiced by the addition of new funds every year.

Robert

greghansen

I'd sell 25-33% of what you have right now. That way if the prices continue to go up, you'll enjoy the appreciation on the rest of the coins you hold. If the prices pull back a bit, you'll have the satisfaction of some partial sales at the top. I personally would be more inclined to sell the 82-84 coins, and of course you should keep the best of the group for each date, for yourself. Good luck and nice timing.

dimples

I think by now you've seen the bulk of the price adjustments due to this "collectors market". If you can sell now and realize a nice profit, go for it. A bird in the hand is worth two in the bush as they say.

loanshark

IMHO, I think they will keep going up. How far is anybodys guess. With more folkes entering the hobby due to the internet, I think the demand will only increase. I started buying these 2 years ago and could get them all day long for $120. Still buying them even though I am paying $100 more than 2 years ago. More people wanting them plus a new way to get them to me equals increased value.

Time will tell if I am right.

Loan Shark

dollardude

My guess is that the CCs will go up slightly more in five years, following the unbelievable gains (approximately doubled in value) they have already seen in the past three years or so. I'll also guess that the common date ones will go up very slightly in five years. As everyone here knows, I collect for fun only, not as an investment, so I really don't care what happens. IMO, coins are too risky as an investment -- especially now when the market is so high compared to the past ten years (look at PCGS' rare coin index chart).

clw54

I've been buying circulated Carson City Morgans because I like them. They might go up, they might go down--doesn't matter.

TUMUSS

I buy a CC Morgan a month. I have a hard time believing that they will do nothing but continue to rise in price. At what percent is anyones guess...but a solid investment when bought at the right prices.

RYK

Too many people using the word "coin" and "investment" in the same sentence without the word "not" in between. Very scary.

coinkat

CC Morgans will always have interest but that does not mean they will always go up in value. The 1882, 83 and 84-CC Mogans are common and there are other dates in the series that are much tougher to get and represent a better value. Having said that, the problem seems to be that of supply and demand and now the CC Morgans are moving because of demand...even though some are not moving as much as others. I believe the 1895-s in EF is undervalued as is the 1892-s in AU. Even the 79-CC seems alittle undervalued in light of the big upward move of other dates such as the 1895-O and even the 1893-O.

coinkat

RYK:

Excellent point.

BAJJERFAN

It seems that there are a few other choice Morgans ripe for hyping and a price run up including as was pointed out earlier; the 95-S in lower grades and the 92-S in AU.
To these I would add the:
94-s in MS
96-S in AU and MS
1903-S in AU and MS
1904-S in AU and MS

KollectorKing

CC Morgans are kewl and I hope the prices continue to escalate, especially the 93-CCs

SethChandler

CC GSA Dollars are very popular. Therefore, they will be among the most volatile. Late 1980's they were $125, then a 7/8 years spiral downward to $45. Enjoy your coins, never try to speculate with prices. They can go way up just as easily as they can come down.

My feeling is they might have a little room to go higher, but there will be a major correction in price after it tappers off from its highs. Maybe down by 1/3.

Seth


Ask GSAGUY, too

bballboy

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