1889 CC Morgan

I have inherited (Alert! Alert!) this, among 9 other Morgans, from my fathers collection that I never knew much about other than he and a good friend of his were buying bags of Morgan dollars in the middle sixties. He did have some other denominations including gold and they were all split between me and 6 siblings in 1995 or so. I finally took them out of hiding and sent them to PCGS through a coin dealer. Four of them came back slabbed as PCGS Genuine with Genuine not gradable on the back including the 1889 CC. Where do I go from here? The condition of the 1889CC coin, to my amateur experience, is at least an AU 50 or better. How much can a body bagged coin worth? What is there about "cleaning" that kills a coins value in the range of $20-$30 K.

 

Log in or Sign up to hide this ad.

Any chance of a pic?

 

Sorry - no. I'm a newbie on this computer business. My kids got me this computer a few years ago with a nice HP Photomat - All in one printer- scanner-copier but I just don't know what to do with it. At 73 I'm not sure how much more I can learn. I'm getting to where I know a lot but just can't remember it but then I drink a lot also.

 

I feel your pain... those darn kids are always buying me hi-tech stuff I can't use. Most of it ends up on my flea market table. Wish they would just get me some coins or maybe a gift certificate. Welcome to CT, oldtimer!

 

I hear ya guy.

TC

 

Does the slab say it was "cleaned" or was it not graded for some other reason? As for why cleaning drops the value, the reason is it takes away the originality of the piece and permanently alters the surface of the coin. "Damaged" coins are much harder to sell and thus there is no way to give a general idea how much it drops the value. It comes down to how much the eye appeal of the piece is reduced and how much someone is willing to pay. Many collectors won't even buy a damaged coin for any price.

 

Uploading images are easy, the square box (third from the right) allows you to upload pictures from your computer. The tricky part is taking the picture with your camera.
But like Camaro stated, cleaned and damaged coins will grade as Genuine. The coins are still valuable but considerably less.

 

On the back it says "Genuine not gradable". You're right about the tricky part. No can do.

 

OK, look at the serial number on the front of the slab. It will look like this: XXXX.YY/ZZZZZZZZ

The 2 "Y" numbers are a code indicating why the coin was not graded. Here are the corresponding codes:

91 Artificial Color
92 Cleaning
93 Planchet Flaw
94 Altered Surfaces
95 Scratch / Rim Dent
97 Environmental Damage
98 Damage

More recently, PCGS is actually writing on the front why the coin wasn't graded...but the first "Genuine" coins had this number system.

 

The number on the front is 7190.92/209zzzzz. Thanks for in info. I haven't found it anywhere else ----- yet. Like I said, I'm a newbie at this Morgan collecting.

 

92 is cleaned. Cleaning is rejected by collectors because it is considered surface damage. Would you want to buy my car if I used an SOS pad on it? LOL

Cleaned coin prices can vary greatly based on how the coin looks. If you're thinking about selling them and getting approximate values from forum members, you'll have to learn how to take pictures of them and post 'em.

 

GDJMSP

Thanks to all for the replies.

Re the 1889CC "cleaned" Morgan. My son has scanned both sides of this and I can email it but not sure how to get it in on the forum.
I tried to cut and paste and it wouldn't take. I was amazed how close up an image can be had. One letter can be larger than a fifty cent piece. Any advise.

ToppCatt

 

I sent you a private message on your profile with my email address. If you want to email the images to me, I'll be more than happy to upload them to this thread for you.

 

You can still teach an old dog new tricks.

Just use sources like YouTube.com for tutorials on steps to learning the art of web technology.

-Brian

 

Here are the pics of ToppCatt's coin.

 

1889CC Morgan

Thanks BU for the posting. Does the image post go to previous responders to the original post? Everybody wanted a pic before. Now back to the original question, what's it worth. TC

 

Yes, they can see it, and they will probably get an email saying that a "subscribed" thread has been replied to.

 

Everyone who was/is subscribed to this thread would have received notice of a new post to it.

It's hard for me to gauge the value on this because it's cleaned, according to PCGS's code 92. However, it is a Carson City strike, and there will definitely be some value there because it's the rarest of the 1889 Morgans. This might have graded as high as MS63 if the cleaning didn't occur and effect the grade as it did. Numismedia.com lists the value of an 1889CC Morgan, MS63 at $39,380. But that doesn't mean you could get that much.

Hopefully someone more experienced on value of a coin under this type of label can chime in here and lend their opinion. The Genuine label, because of cleaning, will diminish the value, but I don't know how much it will.

 

MS63!!! That shows what an amateur I am. My guess at AU50 wasn't very close. Still trying to learn. Seems to be a never ending process.