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<p>[QUOTE=&quot;johnmilton, post: 3471352, member: 101855&quot;]There are collectors and organizations that estimate the number of survivors, but the most serious studies are for early American coins, 1792 - 1914. The collectors and researchers estimate the number of survivors by die variety, not just date. There are also survival estimates on a website run by PCGS called “Coin Facts.” I think that those estimates are too low sometimes, but it will give you an idea. </p><p><br /></p><p>Many collectors use the 1% rule for early coins. Unless a hoard comes to light, many people assume that all but 1 to 2 percent or of the original mintage has been destroyed. For Morgan Dollars, the survival rates are usually much higher because the coins did not circulate well, and many of them were stored in government vaults. </p><p><br /></p><p>In reality, all Morgan Dollars, even the 1889-CC, is a common coin relative to other coins. When I was dealer, filling Morgan Dollar want lists was not tough from the “finding them” issue. It was coming up with the cash that was hard because many collectors are interested in them, and that drives up prices. </p><p><br /></p><p>When a customer asked me to come up with an 1895-P Proof Morgan Dollar for him, I found one at a fair price at the next large show I attended. We are talking about a $20,000+ item, but finding it was no problem. Later, when he decided to break up his collection, I sold it for him at a profit.[/QUOTE]</p><p><br /></p>

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