NumisMedia
NumisMedia Article Archives and Recent and Back Issues of the NumisMedia FMV and Dealer Price Guides - PDF Format
Article Archives and Back Issues of the
FMV and Market Price Guides (PDF Format)

Membership or Dealer Subscription may be required

NUMISMEDIA IS SPONSORED BY


NumisMedia Article Archives NumisMedia Article Archives NumisMedia Article Archives
NumisMedia Monthly Article Archive

Our monthly articles detailing specific areas of numismatics for dealers, collectors, and investors of United States Rare Coins

NumisMedia Article Archives
NumisMedia Article Archives


NumisMedia Monthly

June 2012

The Carson City Mint

       One of the more fascinating areas of collecting in this current market is specific to the Carson City Mint. Within any denomination there are a very limited number of dates available, and further, the original mintages are typically very low. The history of the 'Wild West' intrigues many a collector, wanting a piece of times gone by. While there are numerous ways to structure a collection of this nature, it usually begins with a particular series and then becomes more precise as the collector learns about the different mints and mintages of every date. Throw in the population reports and the true rarity of each coin becomes more obvious. Two of the more popular denominations are the Morgan Dollar and the Twenty Dollar Liberty.

       There are 13 Carson City Morgan Dollars (many more if you add the varieties) and 19 different Twenties. The rarest Carson City Dollar is the 1889 with an FMV of $362,500 in MS65. There are just six coins certified in MS65 with only two higher. Some collectors go to a further extreme and acquire only GSA Carson City Dollars certified by NGC. To our knowledge there is only one coin known in the GSA holder dated 1889 CC; this has been certified by NGC as an MS62 DPL. This tends to limit the potential for completing this set so most GSA collectors just ignore the 1889 CC. For that matter, the 1892 CC and 93 CC are just as rare in the GSA holder. The rarest Carson City in the Twenty Dollar series is the 1870 CC with an original mintage of just 3,789; the highest FMV we have recorded is for the AU55 with an FMV of $572,000. While the 1891 CC has the next lowest mintage of 5,000 there are many Mint State coins grading as high as MS63. The FMV for the 1891 CC in MS63 is $70,880.

       Every denomination containing the Carson City Mint is a challenge to complete, especially as the grades improve. One of the most difficult series to complete is the Twenty Cents. There are only two coins in this series with the Carson City mint mark. The 1876 CC is virtually impossible to obtain because, although there were 10,000 minted, most of them were melted and never released. NGC and PCGS report only 21 coins total for all grades submitted for certification. There are only 8 coins certified in the MS65 and MS66 grades, some of which could be duplications having been resubmitted for a higher grade. This leaves only the 1875 CC as a viable acquisition for most collectors of the CC Mint in this series. The following graph shows the MS63 FMV for the last seven years.


       1875 CC Twenty Cent MS63
1875 CC Twenty Cent MS63

       This timeline indicates the FMV was $1,840 in July of 2005. It has increased nearly 150% since then to $4,590 this month. This is a date that has only 118 coins certified in the MS63 grade combined at NGC and PCGS. The next graph shows results for the MS64. As you can see it had an FMV of $3,590 in July 2005; it is currently at $5,560, a gain of almost 55%. NGC and PCGS list a total of 204 coins in MS64. With nearly 100 coins more than the MS63 this could partially explain why the MS64 has not advanced as much as the MS63.


       1875 CC Twenty Cent MS64
1875 CC Twenty Cent MS64

       The final graph shows the recent history of the MS65 1875 CC. The FMV was $9,560 in July 2005 and ran as high as $14,060 in April 2009 before falling back to the current FMV of $11,940. This is still a gain of 25% since July 2005. The number of coins certified by NGC and PCGS is a combined 52 in MS65. There are only eight graded higher in MS66.


       1875 CC Twenty Cent MS65
1875 CC Twenty Cent MS65

       The current FMV for the 1876 CC in the three grades reported are MS63 - $187,500, MS64 - $218,750, and MS65 - $281,250. As we mentioned earlier, these coins are rarely offered in the marketplace. It takes some real convincing to get a collector to part with this particular date.

       The 1875 CC has been a very popular date for many years. Since 2005, nearly every grade from Very Good to MS63 has increased 100%. The demand has been quite strong and, from the looks of the collector market, the Carson City Mint will continue to attract additional new collectors.


...get more news and analysis in the

NumisMedia Monthly Archive








Subscription Rates and Special Packages

NumisMedia Online Market Price Guides
Subscription Rates for
Online-Only
Dealer Price Guides

NumisMedia Weekly Market Price Guides
Subscription Rates for
Weekly Market
Dealer Price Guides

NumisMedia Monthly Fair Market Value Price Guide
Subscription Rates for
Monthly FMV
Collector Price Guide

Package Rates and Sample Packs
Price Guide Special
Package Rates
and Sample Packs



Don't miss another issue

with our hassle-free,

automatically recurring subscriptions


Recurring Subscriptions



Become a NumisMedia Member NumisMedia is a member community of national coin dealers in a cooperative effort to enhance the numismatic industry. These dealers have banded together to initiate a national marketing program that will provide coins and information for both dealers and collectors.

Members receive the Weekly Extra Price Guide and subscriptions options to the Monthly and Weekly Price Guides, access to ALL Online Dealer Price Guides, advertising options, and more.










PO Box 206

Hewitt, TX 76643

Phone: (949) 375-4811

www.numismedia.com

numismedia@yahoo.com




[Most Recent Quotes from www.kitco.com]  [Most Recent Quotes from www.kitco.com]


Online Price Guides

Collector FMV Prices

Dealer Market Prices

NumisMedia on CCE
Publications

Monthly FMV PG

Weekly Market PGs

Weekly Extra PDF

Back Issues

Renew Subscription
Other Features

Database Licensing

Article Archives

Member Directory

Photo Gallery
Information

Join NumisMedia

Subscribe

Advertise

About Us

Help Center



Try our Mobile Dealer

Price Guides Web App at

m.numismedia.com/market

Dealer Subscription or
Membership required



National Silver Dollar Round Table

NumisMedia is the Official Price Guide of the
National Silver Dollar Round Table








E-mail questions & comments to numismedia@yahoo.com
Copyright © 2024 Numismatic Interactive Network, LLC
All Rights Reserved. Terms of Use
Like NumisMedia on Facebook
Follow @NumisMedia on Twitter