How rare are 1882-CC Unc. Morgan Dollars? not just mintage #'s but opinions would be nice too. ~Josh~
They are not rare at all really. Large numbers of them are available for sale at any given time. Rare is a word that too many people use too often when talking about coins. It means different things to different people - but I could not use it when talking about a coin with thousands or tens of thousands of examples readily available. Some folks think a coin with less than 100 examples is rare. To others - it is less than 10. That's why they have developed what they call rarity scales. There are many different rarity scales developed by different people. Some only go up to 4 - some to 8 and others to 20. And each number has a different meaning as to how many examples are known.
Best to think of it as a Key or semi-key date rather than rare. To me if there's ever more than 10 available anwhee at one (or say more than one being offered by any one seller) then the coin is just scarce. If there are only 3 or so available at once (all from different sellers) then it's very scarce. If there's just the one on the internet available and everywhere else you've looked there isn't one then it's rare. If there's not available outside of an auction room then it's very rare. Less than 20 in existance Extremely rare Less than 10 highest rarity. Less than 5 - museum material 2 - Unobtainable 1 - unique.
Here's some examples of some of the better known rarity scales - The Sheldon Rarity Scale - R-1 Common R-2 Not So Common R-3 Scarce R-4 Very Scarce (population est at 76-200) R-5 Rare (31-75) R-6 Very Rare (13-30) R-7 Extremely rare (4-12) R-8 Unique or Nearly So (1,2 or 3) The Universal Rarity Scale - URS-0 None known URS-1 1 known, unique URS-2 2 known URS-3 3 or 4 known URS-4 5 to 8 known URS-5 9 to 16 known URS-6 17 to 32 known URS-7 33 to 64 known URS-8 65 to 125 known URS-9 126 to 250 known URS-10 251 to 500 known URS-11 501 to 1,000 known URS-12 1,001 to 2,000 known URS-13 2,001 to 4,000 known URS-14 4,001 to 8,000 known URS-15 8,001 to 16,000 known URS-16 16,001 to 32,000 known URS-17 32,001 to 65,000 known URS-18 65,001 to 125,000 known URS-19 125,001 to 250,000 known URS-20 250,001 to 500,000 known GEORGE FULD RARITY SCALE FOR TOKEN COINS RARITY ESTIMATED NUMBER IN EXISTENCE R - 1 Greater than 5000 (Relatively Common) R - 2 2001 to 5000 R - 3 501 to 2000 R - 4 201 to 500 R - 5 76 to 200 R - 6 21 to 75 R - 7 11 to 20 R - 8 5 to 10 R - 9 2 to 4 R - 10 1 Only This list of rarity scales goes on almost forever. For just about every nation and every time period - there is a rarity scale for the coinage. But the first two are the ones most often used for US coinage.
I think us Brits us something similar to the Sheldon scale. I think we go up to R8. Certainly nothing as crazy as R20.
Actually Sylvester the Seaby & Rayner book uses 12. C3 - Extremely common C2 - Very Common C - Common N - Normal neither scarce nor common S - Scarce R - Rare R2 - Very Rare R3 - Extremely Rare R4 - Only 11 - 20 examples known R5 - Only 5 - 10 examples known R6 - Only 3 - 4 examples known R7 - Only 1 - 2 examples known And I may as well post some others while I'm at it Rarity as defined by Scholten in Coins of the Dutch Overseas Territories Scholten Description C Common N Normal S Scarce R Rare RR Very Rare RRR Extremely Rare RRRR Of the utmost rarity Michael Marsh in his book The Gold Sovereign Marsh Description R4 15 to 25 examples known R5 9 to 14 examples known R6 4 to 8 examples known R7 Highest rarity known Andrew Pollock in his book US Patterns R1 over 1250 examples known R2 500 to 1250 examples known R3 201 to 500 examples known R4 76 to 200 examples known R5 31 to 75 examples known R6 13 to 30 examples known R7 4 to 12 Highest rarity known R8 2 or 3 examples known As I say - there are many, many rarity scales. It would almost take a book of its own to list them all.
Ah it was R7! Diff numbers too. All i know that if it's R4 it's rare enough for me! (no matter what scale you're on!)
The 1882-CC Morgan dollar had a mintage of 1,133,000. Now how many are known to have survived, over the years, is quite another story.
I type too slow. Don't forget the rarity scale for Morgan varieties in the VAM book. R-1 through R-8. 1 tens of millions 2 several millions 3 hundreds of thousands 4 tens of thousands 5 several thousands 6 several hundred 7 few - 10 8 several
I can give you field population numbers from the Bower's book. 400,000 - 500,000 MS60 - MS62 160,000 - 210,000 MS63 80,000 - 110,000 MS64 20,000 - 35,000 MS65 1,500 - 2,500 MS66 150 - 250 MS67 1 - 2 MS68 - MS70
now all i have to do is get my camera to work so yall can help me figure out which one of THOSE it falls in! i can't grade
Now you have to take into consideration that the population numbers are only for those certified by a grading company or in a GSA holder. It does not take into account the many thousands of raw examples. The 82,83 amd 84 CC Morgans are certainly the easiest to acquire.
now what about the 1882-O? (not sure what condition) are they so easily aquired?? (i'm trying to find out if i have any coins that are really worth anything)