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Melmcbee
Posts: 168
What are key dates pertaining to Morgan and Peace dollars? Are key dates related to the number of mintage? Thanks in advance for any info.
Melanie
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-YN Currently Collecting & Researching Colonial World Coins, Especially Spanish Coins, With a Great Interest in WWII Militaria.
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Key dates are somewhat related to mintage, but with Morgan dollars, the huge numbers that were melted down in the early 1900's have an effect also.
Do you have a Red Book?
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
Your icon is an x-ray of a buffalo nickel made by Mgoodm3
Hi Melanie, welcome to the forum. Some key dates for the Morgans are 1893-S, 1894, 1895-S and most of the CC mint mark coins (especially the 1889-CC). Mintage figures do not always correlate to values. The mintages are just guides. Some coins were melted in mass (at the mint or privately). Other dates were stored and not circulated, whereas some were not saved and mostly circulated. Also, some mintage records are for the total struck in a year, which could include coins dated from the previous year. It's a long story...... You also have the supply/demand thing that affects current values. The keys to the Peace series are 1921, 28 and 34-S.
Welcome to the forum!! Dennis
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Yes, to a large degree, value is based on mintage, but it can be tricky with Morgans because many were melted and not always in proportion to their mintages.
Also, some are common when they are circulated and valuable when uncirculated, while others, even with lower mintages, are cheap even in uncirculated grades. That's largely because some dates were almost completely released for circulation when minted, while others had tens of thousands (or more) preserved in Treasury vaults until the 1960s, ensuring a lot of uncirculated pieces out there.
If you wonder about any in particular, list them and we'll see what we can do -- but realize that they will depend largely on the condition of the coin as well as the particular date and mint for the coin.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
Mgoodm3 I love your icon. I am a xray/ct tech so that is why I chose it.
Do I hear wedding bells? mgoodm3 and melmcbee????
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