Carson City Morgan Silver Dollars (1878-1893)
(401 G.C. RARITY SERIES ) – The Morgan Silver Dollar series carries the distinction of being the most collected series of coins ever produced by the United States Mint. Those produced in Carson City, Nevada are the most cherished and sought-after of all the Morgans, making CC Morgans the most popular and desired Silver Coins ever produced by the United States.
Holding a Carson City Morgan Dollar brings you back to a time and place of lore and legends. The American Wild West of the 1800s is renowned for its mystique and
adventure the world over. From the 49er Gold Rush to the Comstock Lode, nothing portrays the history and attraction of the Wild West more than Carson City Morgan Dollars.
It is for these reasons and others that we recommend acquiring Morgan Silver Dollars minted in Carson City. Because of their historical importance and the large base of collectors who focus on Morgan Dollars minted in Carson City, Nevada, pricing on CC Morgans have held strong even in an environment where other coins may have fallen in value. This offers you downside protection with added upside potential.
History of the Carson City Mint
In 1859, when Carson City was just a fledgling town with only a few small Gold and Silver mines, the first Gold and Silver began to be extracted from what would later become famously known as the Comstock Lode. At that time no one could have guessed that the Comstock Lode would prove to be the largest find of Gold and Silver ever discovered in the history of the United States.
Because of the difficulty of hauling the Gold and Silver across the Sierra Nevada Mountains to the nearest mint in San Francisco, Congress passed legislation in 1863 to establish a mint in Carson City. Construction began after the Civil War ended in 1865 and was completed in 1869.
The first coins struck in Carson City were Liberty Seated Dollars bearing the date of 1870. The first Morgan Dollars bearing the famed CC Mint Mark were produced in 1878, which was the very first year of the Morgan Dollar series. The Carson City, Nevada Mint produced both Gold & Silver coinage for 23 years only from 1870-1893.
How to Collect CC Morgan Dollars
The Carson City Morgan Dollar series is a well known difficult series to complete in grades above (60) . Although more examples exist in lower grades ( VF20- AU55) and can be completed by a collector of average means it is the show coins above (60) grades that are well worth the expense and pursuit. There are only 13 coins in the series and a few stoppers exist in all the collection. The 1889 CC and a couple of others, can be seen at over $200,000.00 in (65) grades and up with most of those rarities spoken for and held away from the market. This makes acquiring Morgan CC coins in above (60) grades difficult to do and worthy of note upon their completion as a full (13) coin set.
Keep in mind that because of the crude methods used in their production compared to the well budgeted and better-equipped mint in Philadelphia, coins struck in Carson City were made in extremely limited numbers. Almost all CC Morgan Dollars are more scarce than their counterparts produced at other mints, and therefore do carry a premium compared to coins produced elsewhere in higher numbers.
We recommend that you consider a plan that includes focusing on the entire series. This is a reachable goal since there are only 13 different CC Morgans. Complete collections can sometimes bring a premium upon resale, and the thrill of finding that special coin that you have been waiting for is second to none.
For those of you that are unsure if you would like to begin such an endeavor but like the idea of having profit potential while dipping your toe into the Rare Coin market, then consider getting started with the more readily available Carson City Morgans like the 1882-1884 dates. This date run is a great place for beginners and wealthy collectors alike depending on the grades they wish to purchase.
In many cases, it is wise to purchase the more readily available dates like 1882-1884 in grades that are above average for the issue. Conversely, some collectors might have to accept lower than average grades for the key dates like the 1889 and 1879 CCs. Others might decide to get only the finest above average grades.
This is the beauty of the Carson City Morgan Dollar Collection – it can be adjusted to fit your collection goals. Keep in mind a collection that exists in above average conditions could sell for over six figures. This collection fits well with investors of all calibers.
Importance of Certified Coins
Each of the coins offered in this Special Release has been inspected and certified either by Professional Coin Grading Service (PCGS) or Numismatic Guaranty Corporation (NGC). These independent third-party grading services are highly respected the world over. Not only do they verify the authenticity of the coin but they also state its condition. NGC and PCGS have leveled the playing field between coin buyers and coin dealers setting the standards of excellence in the industry.
Why Collect Carson City Silver Dollars
It would be hard to argue that any coin embodies the history and allure of the American Wild West more than Morgan Silver Dollars produced in Carson City from the silver mined at the Comstock Lode. The Carson City Morgan series is the most collected series of coins within the Morgan Dollar Collection, which is the most collected and sought-after Silver Coins ever produced by the United States Mint. The series is highly sought after with legions of collectors that create a constant demand for coins like these. This provides downside price protection and offers true value.
Finally, the Carson City Morgan Dollar collection is one of the only collections of Pre-1933 U.S. coinage that can be completed by a collector of average means up to the most wealthy collector desiring the most expensive rare coins in existence today.
Posted by:
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com
