1885 Morgan CC

I’m holding my excitement until I get feed back. Thoughts on this CC.-
Please let me know if my photos are crap! I’ll retake if necessary.

Thanks!

 

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Have you verified authenticity?
Weight, Diameter etc?

 

I dont see anything that would have me worried at first glance. Ill defer to those who can see it on something other than a phone screen for final judgement though.

 

Not yet. Any suggestions on who/where is the best place?

 

No need to send it anywhere,
Just verify the coin is 26 grams and 38mm

 

I do have another coin that looks shady from the same company. However, the company is a well known and has an established a good reputation.

 

If this 1885-CC dollar is genuine, which I think it is, it's actually rare in this grade. Most 1885-CC dollars are either Unc. or impaired Unc.

The grade is VF-20. There might be some cleaning invovled. Portions of the coin look "too bright," but it's probably market acceptable.

Years ago I had a customer who wanted a set of Morgan Dollars in the circulated grades. He knew he could not get an 1895-P, but he wanted all the rest of them. One of the hardest to find was the 1885-CC because of what I said above. I finally found an AU for him.

 

I do have a very good range of coins. They come from the same company(I’ll tell you who privately) If you ever need something. Please ask
P.s lol 1895 is the only one I don’t have.

 

Got me to thinking about mine. I've had most (I guess all) of my Morgan's longer than I can remember. My 1885 CC is 26.55 grams and 37.89 mm.

 

Do you remember how much your coin was worth when you first got it? Just wondering how long you hold and when you fold..

 

If someone is ‘folding’ on CC coins, that’s when I’m buying them.

 

Lol! Soooo- I have a good one and can get alittle excited!!

 

I don't remember when I got it. When I was young you could still get Morgan and Peace dollars at the bank. Occasionally, the Teller would have some and let you pick from them. So, I can't remember if I bought one at the bank, traded for one, or got one at auction, etc. And, I don't collect for profit and don't plan to sell any of my coins. If you are further interested see my post https://www.cointalk.com/posts/3454291/

 

Of the 228,000 original mintage, 148,000 were held by the GSA and released in the 1960's and 70's. That only leaves 80,000 that were leased into circulation. It's easier to find one in Unc. condition than it is to find one in this condition, and the prices reflect that. You can get an MS-64 for only twice what you could get for one in this condition.

 

The link brought me to picture taking link. I am interested in why you don’t collect for profit and won’t sell your coins.. Maybe my thinking on buying coins are all wrong.

 

Thank you for explaining

 

I started out very young (5 years old) and coins were not that much in demand that you could look for a profit. My first coin was an 1885 nickel. At the time it was worth $5. I still have it.

I did profit by way of trading. A bunch of other collectors in my age bracket would get together and trade. That's where you could profit. By trading 2 of this for 1 of that. Them I ended up with 6 children, and then 13 grandchildren, and then 17 great grandchildren who I will leave these to. But, I just kept most of everything thinking that I could continue to make trades. Now the world of collectors are not interested in trading, only selling.

You can see in the link I sent that holding some for 70 years has given me something extra to do in my retirement. We didn't have the access to information on errors and variations that we have now. I can relive the past and find little jewels that I never knew existed when I was younger.

Each collector should decide early which path they want to take. I made mine my own fun path. Make your path yours.

 

https://www.cointalk.com/posts/3454291/
Did you go to page one of the link? The story is there.

 

Awe! Thank you for telling me your story You have a very lucky family. I’m not sure at this point where my path will lead me. Just trying to gain and retain as much information as I can in this complex world of coins.