I've been interested in Morgan dollars lately, and I noticed that the CC Morgan Dollars are worth more than others. Why is this? Just wondering Thanks-waterbed22
Mintage, Demand, and such....some CC morgans have lower mintages than others... Most (I think I can say most) CC Morgan dollars were in mint vaults for years after they were minted ---thus this is where many UNC Carson City dollars come from. Many people collect Morgan dollars...I'm one of the few that doesn't! Speedy
When you boil off all the hyperbole, the reason CC Morgans are worth so much is a simple matter of belief that they are, just like any other economic system. Gold is only valuable because we believe it is. Paper money only works because we believe the government backs it. Diamonds are entirely composed of one of the most common elements in the universe. We can create them in laboratories. Yet, they're valuable. Morgans in general are hugely popular among collectors - they're big, heavy and (IMHO) astoundingly pretty in Brilliant Uncirculated condition. Even better, they're available relatively cheap. I'm furnishing most of my personal collection, nothing worse than MS64, for well under $50 per coin. They're easily attainable by even casual collectors. CC Morgans are among the rarest, and have the additional cachet of having been minted at Carson City from silver mined at the Comstock Lode (although Morgans from all mints used Comstock silver; indeed, the Comstock strike pretty much forced Morgan dollars into being). They're rare. They're in high demand. We think they're valuable, so they are.
