Hey fellow coin lovers! I recently inherited my grandfather’s coin collection, and while going through it, I was thrilled to find a 1890-CC Morgan Dollar tucked away in an old album. I can’t tell you how excited I was, especially knowing that the Carson City Mint is known for producing some prized coins. The coin seems to be in decent condition, though it’s showing some circulation wear, so I’m curious about how that might affect its value.
Now, here’s where I need your help: what are the best ways to evaluate its rarity and market potential? I’ve done a bit of research, and I know that the 1890-CC has a mintage of about 2.2 million, which isn’t too shabby, but I’m uncertain how to assess its exact grade. I’ve heard that even slight differences in condition can lead to significant price variations.
I’d love to hear your thoughts on this! Have any of you evaluated a Morgan Dollar before? What would you recommend in terms of grading resources or methods? Should I consider having it appraised professionally? Thanks in advance for your insights!
First thing’s first, congrats on finding a 1890-CC Morgan Dollar! That’s an amazing coin, especially since it comes from your grandfather’s collection. As for evaluating its worth, I recommend starting with the grading scale. The Sheldon scale is commonly used, and the general grades range from Poor (P-1) to Mint State (MS-70). You might want to look at some resources like the official grading guides from PCGS or NGC. Additionally, the value can vary quite a bit even with slight differences in condition.
- If it’s a low grade (e.g., AG or G), it might fetch $80-$150.
- For mid-grade coins (e.g., VF or EF), you could see values in the $200-$400 range.
- High grades (AU or MS) could go for $600 and up, potentially hitting $1,000 or more!
I’d suggest taking a good look under a magnifying glass and comparing your coin to resources like
the US Mint for reference. If you’re still unsure, a professional appraisal would definitely be worthwhile.
5 Likes
Thank you, SilverSeeker! I really appreciate the insights! I took a closer look, and it does have some scuffs but also some luster left. I’ll consider using the grading guides you mentioned. Do you think I should clean it at all before getting it appraised, or is it better to leave it as is?
3 Likes
Important tip: Do NOT clean the coin! Cleaning can severely decrease its value. Collectors prefer coins in their natural state. Instead, focus on preserving it by storing it in a protective holder. Also, I’d highly recommend researching completed sales on auction sites like eBay to get a feel for what similar coins are going for. A bit of homework can yield good insights!
4 Likes
Thanks for clarifying, NumisNerd! I definitely won’t clean it then. I think I’ll check out recent auction results for more clarity; that seems like a smart move!
2 Likes
Wow, an 1890-CC Morgan is a solid find! Just remember, the key to assessing its value is the condition. Get a good light and take some photos. If you notice any unique features like die cracks or great luster, they can add value! Also, feel free to share pictures here if you need help identifying the state of your coin!
3 Likes
I’ve been collecting for years, and I still find Morgan Dollars exhilarating! Ensure you’re in the right lighting when evaluating it. Natural light can really help you see the true condition. Also, if you’re unsure, attending a local coin show can be a great opportunity to meet experts who can help you with grading and provide hands-on examinations of your coin. Sometimes, local coin clubs have assessors as well!
4 Likes
Thanks, PennyWhisperer! I’ll definitely consider sharing some photos soon. Your advice about looking for die cracks sounds useful! I never knew that could add value!
2 Likes
Great point, OldCoinHunter! Getting involved with local coin clubs can be hugely beneficial. They not only provide valuable resources but are also great for networking and learning from fellow collectors. Plus, there’s usually a wealth of knowledge just waiting to be shared. Who knows, you might even find someone to trade with!
3 Likes
Just a thought, but if you try to get your coin appraised and they say it’s not worth much… just tell them it’s grandpa’s secret treasure!
5 Likes