1889-CCMorgan Dollar damaged

I don't know how clear this picture will be, but it's an 1889-CC Morgan dollar graded NCG Fine Details, Damaged. The rim has several noticeable dings.

I know that a coin of this grade would be worth about $900 if not damaged. Anyone know how much it's worth with the damage?

BTW, this is my first post to this forum.

 

Log in or Sign up to hide this ad.

Because it's damaged, bent as stated on the label, it may only be worth melt at this point. I doubt there is any numismatic value only because of it being a CC Morgan.

But I also don't collect slabbed items regularly either, only if I can't find what I'm looking for raw.

 

I would still say it has a premium... it is the key of morgans

 

It's not "the key" but it certainly is one of the keys...and yes there is a premium. Damaged coins can be hard to sell, but I would think you could get at least $500 for it if you could locate a buyer willing to take a damaged coin.

 

Sorry that was poorly phrased on my behalf. I am a Carson City guy so I was figuring CC's to be the best of the Morgans and the 89 CC the Best of the CC's. But there are those darn 90's San Franciscos

 

Fair enough. I am a Morgan Dollar collector as well but I don't solely focus on the CC coins (although they are my favorite). The 1889-CC is certainly the key CC Morgan. IMHO, there are 3 true key Morgan's and the 1889-CC ranks #2 on that list. Those 3 are:

1893-S
1889-CC
1894

There are also several conditional rarities (specifically 1892-S AU+, and 1903-S AU+ come to mind) and several semi-keys.

 

I'll pay double melt for this coin all day long.

In practice, a high demand date like this one will always have numismatic value unless damaged very, very severely. My guess on this coin would be in the $300-$500 range.

 

The coin is bent. I would say that is very very severely damaged.

 

how bent could it be if they got it in a typical slab?

 

Any bend at all and it's considered PMD. You can see the bend on the coin around 8 o'clock.

 

A nice coin even if it is bent, and a key date for any morgan collector. I'd pay $300 for it even as a filler.

 

I've only seen that date at coin shows and only twice in 22 years

 

Agree with $300-500 range. Damaged or not, it's still the king of the CC Morgans. The 89cc in that condition is usually $750-900 if not damaged.

 

Really? I have seen a ton of these and I have only attended a couple shows. They really aren't that rare.

 

I would bet that coin could be bent back perfectly flat.

 

And be more damaged than it already is?

 

It would still be a damaged coin...it would then be a tooled coin. Tooling can also be easily detected and it would be just as desirable (possibly even less so) than it currently is. Being bent, it has been damaged...being bent and then repaired is a second layer of damage.

 

Bent?

I'm surprised it says "Bent" rather than "Rim Damage", because the rim is where all the damage is. If I look really closely, I guess the damage does extend about a millimeter beyond the rim.

The guy who sold it to me removed it from the NGC slab before sending it, so I hadn't seen the entire description.

 

Typically..."Rim Damage" indicates a bad ding to the rim. The photos make it look like the coin is bent on the rim and into the field...where if you were to lay the coin down flat on a table the rim would not touch the table in that spot. That is not a rim ding, it is a bend. So, based on the photos the coin is accurately described.

 

The coin should probably trade at a discount of its Greysheet Bid price due to the damage, but it is worth more than melt,
as is any Carson City Morgan.