-
Inventory:
2 In Stock
- Product ID: 51705
Checkout
The 1878-CC Morgan Silver Dollar, graded MS63 by NGC, is a highly sought-after coin that represents a key piece in the rich history of American numismatics. The coin was minted in Carson City, Nevada, a mint with a storied past, which was known for producing coins that were often considered rare and of significant historical importance. The 1878 date is particularly notable because it marks the first year of the Morgan Dollar series, which went on to become one of the most beloved and collected coins in American history. The "CC" mintmark on this coin signifies that it was struck at the Carson City Mint, which operated between 1870 and 1893 before being closed due to financial difficulties and a decline in silver production. The 1878-CC Morgan Dollar is, therefore, not just a coin, but a symbol of a transformative era in the United States and the American West.
The Morgan Dollar was designed by George T. Morgan, who was an engraver for the United States Mint. Morgan’s design features a profile of Lady Liberty on the obverse, with a coronet inscribed with the word "LIBERTY" and surrounded by thirteen stars, representing the original thirteen colonies. The reverse side of the coin features an eagle with outstretched wings, grasping an olive branch and arrows, symbolizing peace and readiness to defend the nation. The design also includes the inscription “UNITED STATES OF AMERICA” along the top, with “E PLURIBUS UNUM” (Out of Many, One) and the denomination “ONE DOLLAR” appearing on the banner beneath the eagle. This iconic design has made the Morgan Dollar one of the most recognizable and enduring symbols of American coinage.
The 1878-CC Morgan Dollar was struck during a time of significant economic and political change in the United States. The nation was emerging from the Reconstruction Era following the Civil War and transitioning into an industrialized economy. The production of silver coins like the Morgan Dollar was part of a larger effort to stabilize the nation's monetary system after the war. The Coinage Act of 1873 had demonetized silver, but the discovery of vast silver deposits in Nevada, coupled with the political influence of miners and silver producers, led to the passage of the Bland-Allison Act of 1878. This law required the U.S. Treasury to purchase large quantities of silver and mint it into coins, which led to the production of the first Morgan Dollars, including the 1878-CC. The Carson City Mint played a key role in producing these coins, and the mintmark "CC" became synonymous with rarity and quality in the world of coin collecting.
The 1878-CC Morgan Dollar has an interesting mintage history. The coin was struck in relatively large numbers, with approximately 2,212,000 pieces produced, making it one of the more widely minted dates in the Morgan Dollar series. However, the Carson City Mint was known for its lower mintage numbers compared to other mints, which makes any coin with the "CC" mintmark highly desirable among collectors. Additionally, many of the Morgan Dollars minted in Carson City were circulated extensively, and many were melted down or worn beyond recognition. As a result, high-quality examples of the 1878-CC Morgan Dollar are rare and prized by collectors. The MS63 grade from NGC indicates a well-preserved coin with strong details and a noticeable level of luster, making it an attractive piece for both investors and collectors.
The toning on the 1878-CC Morgan Silver Dollar MS63 is an added feature that enhances its appeal to collectors. Toning refers to the natural process by which a coin's surface gradually changes color over time due to exposure to air, humidity, and other environmental factors. The toning on this particular coin is characteristic of a well-preserved example, with hues ranging from light golden to shades of blue and purple, which often develop on coins stored in protective holders or cases for extended periods. Toning can add uniqueness and beauty to a coin, making each example truly one of a kind. Collectors of toned coins often seek out examples with colorful and evenly distributed toning, as it can add to the coin’s aesthetic appeal and value.
The grade of MS63, assigned by the Numismatic Guaranty Corporation (NGC), indicates that the coin is in mint state, with minimal wear or abrasions. A coin graded MS63 typically exhibits sharp details, although it may have some light contact marks or handling wear that prevents it from achieving a higher grade. However, this grade is still considered to be high-quality, and coins in MS63 condition are highly sought after by collectors. For the 1878-CC Morgan Dollar, an MS63 grade is considered an excellent representation of the coin’s history and design, offering a balanced combination of sharp detail, attractive toning, and overall eye appeal.
The condition of this coin also adds to its value. As mentioned, Morgan Dollars from the Carson City Mint were often heavily circulated, and many of them were either lost or melted down. Coins that survived in better condition, like this 1878-CC, are highly prized by collectors. The MS63 grade indicates that this coin has been well-preserved over the years, and the toning that has developed adds to its character. The 1878-CC Morgan Dollar, with its eye-catching toning and exceptional condition, is a prime example of why these coins continue to be a staple in the collections of numismatists and investors alike.
Collectors of Morgan Dollars are particularly drawn to coins from the Carson City Mint because of the historical significance and rarity of the mintmark. The Carson City Mint was in operation only from 1870 to 1893, and many of the coins struck there were melted down or destroyed in the years following their production. Today, coins with the "CC" mintmark are considered to be among the most desirable in the Morgan Dollar series, and the 1878-CC is no exception. Whether as part of a complete set or as a standalone piece, the 1878-CC Morgan Dollar is a treasure for any collector looking to own a piece of American history.
The 1878-CC Morgan Dollar MS63 NGC Toning is a prime example of the artistry and history of the Morgan Dollar series. With its connection to the American West, its detailed design by George T. Morgan, and the rarity of the Carson City Mint, this coin is a standout piece in any collection. The toning adds a layer of uniqueness that further enhances its value and desirability, making it a worthwhile investment for numismatists and collectors who appreciate the rich history and beauty of American coinage.