Coin collecting is an exciting hobby that can lead to surprising discoveries and even big profits. I recently had the chance to buy a 20-coin roll for $1000, which contained a rare and highly sought-after CC Morgan Silver Dollar ender. This was an investment I was thrilled to make, but what happened after I made the purchase was even more incredible. In this article, I’ll share my experience, explain why the CC Morgan Silver Dollar is so valuable, and reveal how the purchase turned out.
What Is a CC Morgan Silver Dollar?
Before I dive into the details of my experience, let’s first understand what makes the CC Morgan Silver Dollar so special. The Morgan Silver Dollar is one of the most iconic and popular coins in American history. Minted from 1878 to 1904, and again in 1921, these coins were originally used as everyday currency but are now prized collectibles.
Why Did I Buy the 20-Coin Roll for $1000?
I came across this roll of 20 coins being sold for $1000, and immediately, I knew it was a unique opportunity. The roll was sealed, and the seller mentioned that one of the coins was a CC Morgan Silver Dollar ender, meaning it was the coin at the top of the roll.
The Big Reveal: What Was Inside the Roll?
When I received the roll, I carefully opened it to see what I had purchased. The first coin I saw was the highly anticipated CC Morgan Silver Dollar – and it was in good condition! It wasn’t in perfect, mint condition, but it was still worth a considerable amount. A typical CC Morgan Silver Dollar can sell for anywhere between a few hundred to a few thousand dollars depending on its year, condition, and rarity. The rest of the coins in the roll were also older silver coins, which added to the overall value.
After doing some research and seeking professional evaluation, I discovered that the CC Morgan Silver Dollar from my roll was worth about $1500 to $2000 on the market, far more than I paid for the entire roll! While I didn’t get an extremely rare version of the coin, it was still a significant find.
How Much Money Did I Make?
As the CC Morgan Silver Dollar was in decent condition, I decided to sell it. I had already made back my initial investment of $1000 by selling the coin. After a few weeks of getting offers from buyers, I was able to sell the CC Morgan Silver Dollar for $1800, a nice return on my investment.
Why Morgan Silver Dollars Are Worth So Much
Morgan Silver Dollars are so valuable for several reasons:
- Limited Mintages: The Carson City Mint produced fewer Morgan Silver Dollars than other U.S. Mint locations.
- Historical Significance: These coins were minted during the late 19th century and early 20th century, making them important historical artifacts.
- Demand from Collectors: Morgan Silver Dollars are highly sought after by coin collectors due to their design, rarity, and connection to the Old West.
Conclusion
Buying a 20-coin roll for $1000 that contained a CC Morgan Silver Dollar ender turned out to be a fantastic decision. Not only did I recover my initial investment, but I also made a profit. This experience reaffirmed the fact that coin collecting isn’t just a fun hobby; it can also be a profitable one. If you’re considering investing in rare coins, especially Morgan Silver Dollars, doing your research and being patient can pay off in ways you might not expect.
FAQs
1. Why are CC Morgan Silver Dollars so valuable?
CC Morgan Silver Dollars are valuable because they were minted at the Carson City Mint, which produced fewer coins compared to other U.S. Mint locations.
2. What does “CC” mean on a Morgan Silver Dollar?
The “CC” on a Morgan Silver Dollar stands for the Carson City Mint, one of the U.S. Mint facilities that produced these coins from 1878 to 1904.
3. How do I know if a Morgan Silver Dollar is valuable?
The value of a Morgan Silver Dollar depends on several factors, including its year, mint mark (like the “CC” mint mark), condition, and rarity.