Is the 1899-P Morgan an Undervalued Coin?

Rampage

Any opinions on this? It is a low mintage, etc.

Thanks, Richard.

KollectorKing

No, this issue is readily available. Many experts say the mintage may be understated.

Bear

According to Wayne Miller,s "An AnalysisOf Morgan and Peace Dollars",the stated mintage

of 330,846 is in error. Apparantly so many working dies were left unused at the end of 1899,

that they continued using them well into 1900. This mintage ,however, was added into the

totals of 1900 rather then the totals of 1899. Thus the 1899 is considered little better then

a common Morgan Dollar.

coinbuf

<<No, this issue is readily available. Many experts say the mintage may be understated. >>

From what I've read this was somwhat rare untill a large unc horde was released; like a GSA or something.

Chris

K6AZ

You can never go by the mintages when it comes to Morgan dollars. There were over 520 million minted between 1878 and 1904, and nearly 270 million melted due to the Pittman Act in 1918-1919. Depending on where they were stored, almost entire mintages were lost to the melting pot (1901-P) and over half of small mintages of other dates survived (out of 228,000 1885-CCs minted, 148,825 were released in the GSA sale).

As far as the 1899, Bear is correct. Working dies were used well into 1900, and those coins minted were included in the mint's 1900 report, though they were dated 1899.