1878-CC Morgan Dollar
Coins with a Morgan Silver Dollar mint mark of CC (Carson City) bring a level of excitement to collectors. The 1878-CC Morgan Silver Dollar is a highly valued coin, even more so than dollars minted in Philadelphia, San Francisco, and New Orleans that have a similar or equal rarity. The 1878-CC Morgan Dollar slipped into commerce relatively quickly after minting, and mostly went unnoticed by collectors at the time. It wasn’t until this coin caught the attention of numismatists that they realized there were very few uncirculated coins available, and few had them up until about 1910 when a few limited quantities came on the market.
AUCTION RECORD: $34,500 • MS67
Image Source: PCGS
History of the 1878-CC Morgan Silver Dollar
In the late 1930s, up to the 1950s, uncirculated coins began to be released out of the Treasury vaults which resulted in a drop in the 1878-CC Morgan Silver Dollar worth. It is believed that well over 100,000 1878-CC Morgan Dollars were paid out during the early to mid-1950s, and by the time the early 1960s rolled around, that number possibly reached up to 250,000 paid out that were in Mint State.
Many of the Mint State 1878-CC Morgan Dollars that were uncirculated (circulated are a little harder to come by) are lustrous with extensive bagmarks. They are typically very well struck.
1878 CC Morgan Dollar Value
How much is an 1878-CC Morgan Silver Dollar worth? That depends on the grade of the specific coin. The 1878-CC Morgan Dollar is fairly easy to find in lower grades and can bring in upwards of tens of thousands of dollars for higher grades. The 1878-CC Morgan Silver Dollar value is higher because of the popularity of Carson City minted coins.
Type of coin: Silver Dollar
Year: 1878-CC Morgan Dollar
Morgan Silver Dollar Mint Mark: Carson City
Total mintage: 2,212,000
Metal content: 90% Silver, 10% Copper
Face value: One dollar
Weight: 26.73 grams
Edge: Reeded
Designer: George T. Morgan
Diameter: 38.10 millimeters
FAQ
What is the significance of the "CC" mint mark on the 1878 Morgan Silver Dollar?
The "CC" mint mark on the 1878 Morgan Silver Dollar indicates that the coin was minted at the Carson City Mint. This mint mark is significant because coins produced there are often rarer and more sought after by collectors, affecting the Morgan Silver Dollar value positively due to the Carson City Mint's lower production numbers compared to other mints.
How does the 1878 CC Morgan Silver Dollar value compare to other mint years and marks?
The 1878 CC Morgan Silver Dollar value is generally higher than many other Morgan Dollars from different years and mints, primarily due to its lower mintage numbers and the collectible appeal of the Carson City Mint coins among numismatists.
What is the average value of a 1878 CC Morgan Silver Dollar?
The average value of a 1878 CC Morgan Silver Dollar can vary widely based on its condition. Circulated examples might fetch $100 to $300, while uncirculated grades can command significantly higher prices, often exceeding $1,000.
Are there any rare varieties of the 1878 CC Morgan Silver Dollar that affect its value?
While the 1878 CC Morgan Dollar itself is considered desirable, there are no widely recognized rare varieties specific to the Carson City minting in 1878 as there are with some other Morgan Dollar issues. However, the overall condition and grading can significantly impact its value.
How can I accurately determine the value of my 1878 CC Morgan Silver Dollar?
To accurately determine the value of a 1878 CC Morgan Silver Dollar, consider having it professionally graded by a reputable coin grading service. The grade will provide a clear indication of its condition, which is a critical factor in assessing its market value.
What factors influence the Morgan Silver Dollar value for an 1878 CC edition?
Factors influencing the value include the coin's condition (grade), any unique characteristics (such as errors), and its historical significance. The "CC" mint mark itself also adds to the coin's appeal and value due to the Carson City Mint's storied past.
Where is the best place to sell a 1878 CC Morgan Silver Dollar?
The best places to sell a 1878 CC Morgan Silver Dollar include reputable coin dealers, numismatic auctions, and coin collecting shows. Online platforms can also be effective, provided they cater to serious collectors and offer secure transactions.
Can the 1878 CC Morgan Silver Dollar be a good investment?
Yes, the 1878 CC Morgan Silver Dollar can be a good investment, especially for coins in higher grades or those that have been well-preserved. Its desirability among collectors and the historical allure of Carson City Mint coins contribute to its potential appreciation over time.
How should I store my 1878 CC Morgan Silver Dollar to preserve its value?
To preserve its value, store your 1878 CC Morgan Silver Dollar in a cool, dry place, ideally in a protective coin holder or case that prevents damage and minimizes handling. Proper storage is crucial for maintaining the coin's condition and, by extension, its value.
What is the mintage of the 1878 CC Morgan Silver Dollar, and how does it impact value?
The 1878 CC Morgan Silver Dollar had a relatively low mintage compared to other mints, with just over 2 million coins produced. This lower mintage contributes to its rarity and desirability among collectors, positively impacting its value.
Learn more about 1878 Morgan Silver Dollar (7 Feathers), 1878 Morgan Silver Dollar (8 Feathers), 1878-S Morgan Silver Dollar, 1879 Morgan Silver Dollar, 1879-CC Morgan Silver Dollar,1879-O Morgan Silver Dollar, 1879-S Morgan Silver Dollar.