Prices of 1884-CC vs. 1884-S Morgans

Hello,

I'm trying to figure out the logic in pricing the different grades of
these. The 1884-CC starts out at $95 in VF (PCGS price) as opposed to
merely $20 for 1884-S. This would make sense as there were only about
half as many CC as S minted that year. However, 1884-S rises crazily
between EF and AU to MS at some exponential rate, whereas CC seems to
rise at a very flat linear rate. At MS-60, CC only costs a fraction of
what the S mint costs. Is this perhaps due to early hoarding of CC
coins leading to a relative abundance of the higher grades?

I'm stumped (unfortunately, my Breen's hasn't arrived yet -- maybe
there is an adequate explanation there).

Thanks.

--
Bob Hairgrove

Bob Hairgrove wrote:
Hello,

I'm trying to figure out the logic in pricing the different grades of
these. The 1884-CC starts out at $95 in VF (PCGS price) as opposed to
merely $20 for 1884-S. This would make sense as there were only about
half as many CC as S minted that year. However, 1884-S rises crazily
between EF and AU to MS at some exponential rate, whereas CC seems to
rise at a very flat linear rate. At MS-60, CC only costs a fraction
of
what the S mint costs. Is this perhaps due to early hoarding of CC
coins leading to a relative abundance of the higher grades?
Thanks.

Bob,

You've answered your own question. It is because that people
tended to save CC coins at higher grades compared with the 1884-S.

Mike

wrote in message
oups.com...
You've answered your own question. It is because that people
tended to save CC coins at higher grades compared with the 1884-S.

Mike

Actually I think it was the Gummint that hoarded the CC coins for almost a
century after they were minted.

James

The majority of 84-CC Morgans sat in Treasury vaults until the 1970's
(IIRC about 85% of the original mintage was still in their original bags
until the GSA auctions). The vast majority of 84-S Morgans entered
circulation which is why the huge price discrepancy occurs at the AU
level.

-Steve