1899 Morgan Dollar gets no respect?

stimmy · February 26, 2005 10:54PM

Am I the only collector that belives that the 1899-P Morgan Dollar is under valued and gets no respect? I could be wrong, but I have many 1899 and believe this date is the Rodney Dangerfield of Morgan Dollars. With a mintage of 330,846 and a red book price of $700 in MS- 65 what a bargin? Look at the 1895-s with a mintage of 400,000 at MS-65 $18,000 and the 1893 with a mintage of 378,792 MS-65 $6,500.

Yes there are thousands of UNCs surviver from Treasury holding, but try to find a nice one. Any comments?

hamiltonjh · February 26, 2005 10:58PM

I dont even know if I have any 1899P's

guess that answeres your question from my perspective....but I dont purposely overlook them. I couldnt tell you right now exactly what I DO have. I'm at work

longtimecollector · February 26, 2005 11:13PM

Kinda tells me there were a cuppla bags in the Treasury vaults in the 60's

Oney · February 26, 2005 11:14PM

I picked one up last week that is a borderline DMPL. It is a MS63 but the fileds are nice. I too believe it is currently under valued.

DNADave · February 26, 2005 11:17PM

They made them on into 1900 since they were late getting the 1900 dies ready. The mintage figures for 1899 do not reflect the actual number of coins mined with the date 1899.

MAD4MORGANS · February 26, 2005 11:33PM

I have one in AU. So that's one less that's out there!!

So ours will be worth more as the demand for new collectors goes up and the fixed supply goes down!!

stimmy · February 27, 2005 12:02AM

Yes I read about that there is a possible error in mintage report. But If this is true wouldn't there be more dies than on record? 37 dies , 6 die varieties

UncleWiggly · February 27, 2005 12:08AM

Well, I know of at least one other board member who is looking for 1899 Morgans. They even have a by-line in their posts saying they are looking for them.

Jerry

DorkGirl · February 27, 2005 12:30AM

to the forum!!

I like the new twist you bring to an old debate

Do a quick search for "undervalued" there are some excellent debates about this and other low mintage values on Morgans and other coins.

I think with the new collectors coming in that almost any Morgan with a mintage of under 3 million is a good buy.

UncleWiggly · February 27, 2005 12:30AM

<< <i>Well, I know of at least one other board member who is looking for 1899 Morgans. They even have a by-line in their posts saying they are looking for them.

Jerry >>

LeeG · February 27, 2005 12:32AM

I hope your right! I don't know the series well enough to give a qualified answer but if you're correct this example has value. Lee

greymars · February 27, 2005 1:49AM

I am looking for a 1899 in MS64 or better...but will be some time before the funds are available

TheRaven · February 27, 2005 1:52AM

Considering that 270 million Morgans where melted in what 1917 it is hard to really go by mintages for true rarity I believe.

anablep · February 27, 2005 1:56AM

I recently picke up a nicely toned 1899 for just over $200 in MS 63 ANA holder on ebay. Glad I got it while I had the chance.

(seller's photos) I'll take better pics soon!

rhedden · February 27, 2005 4:44AM

1899 Morgans are common, perhaps more common than 1900-P, but less available on the market due to hoarding. They have a long, well-established track record of having been hoarded by speculators due to the low reported mintage. The history of hoarding goes back to the 1970's, and I do believe that one person accumulated a massive amount of them at one time, something like 10's of thousands of BU coins. If you are thinking about accumulating them, good luck, but you are not the first.

jdimmick · February 27, 2005 5:05AM

They pass through here locally often in mid circ to low-end Ms grades, but I refuse to pay the premiums listed for this coin. They dont sell.

1899 Morgan Dollar gets no respect?

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