Carson mint silver dollars
The Carson City, Nevada Mint was established in and coins were last struck there in The Carson City Mint was closed from to From to , far more Morgans, tens of millions, were produced than anyone wanted. Furthermore, a vast quantity of Carson City Mint Morgans were stored in government vaults for many decades. So, most survivors are uncirculated and usually grade above MS This discussion is aimed primarily at beginning and intermediate level collectors.
Carson City Morgans
One of the most exciting series in numismatics is Morgan Silver Dollars, minted at the famed wild-west mint in Carson City, Nevada. Among the many popular U. CC Morgan Silver Dollars are sought after far and wide by both the most experienced of coin collectors as well as numismatic novices.
The reasons for this widespread popularity are many, including the superior mint condition of so many coins, the extreme rarity and value of some key dates and die varieties, the low collecting cost of other Morgan dollars, and the great aesthetic appeal of its design, beauty and workmanship. Add to all of this the colorful and storied history of the issue, and the popularized name-sake of the Carson City Mint, American frontiersman Kit Carson, and you can see why this silver piece is so highly coveted worldwide.
Indeed, there are so many interesting stories that surround the CC Morgan Dollar that you could write a book. To be sure, information is what makes collecting rewarding, and Adam feels so strongly that every collector should own this book, that he will include a copy in your first shipment for free.
Morgan Dollars were issued by Carson City from just to The basic mint series is but 13 coins, yet the set can be expanded to a coin collection, if you desire the major varieties. The Nevada mint was plagued by a number of setbacks in its construction, mostly as result of its remote location and under-funding by the Federal Government.
The facility finally began producing coins in The first coins struck were Seated Liberty type silver dollars, followed by a number of gold coins. Despite significant gold and silver mining in Nevada, the Mint did not produce coins in any great numbers until the production of silver dollar coins was mandated by the Bland-Allison Act of , the year the Morgan Silver Dollar was born. Rather, the coins were a result of political pressure being applied to the government by the owners of the silver mines in the Nevada area whose mines were producing enormous amounts of silver from the famed Comstock Lode.
The mines needed demand for all of their silver production, and the Morgan Dollar ultimately became the answer. By edict of the Bland-Allison Act, the United States Treasury had to purchase two to four million dollars of silver per month from the mine owners to be struck as silver dollars.
These large silver dollars made great treasury reserves. The design of the Morgan Dollar is a truly unique and fascinating story. When British engraver George T.
Williams to sit as a model. However, the secret was soon out and newspapers tracked her down, quite possibly leading to the dissolution of her engagement to be married. On the coin, Lady Liberty wears wheat and cotton in her hair, to symbolize the reconciliation of the northern and southern states, and the cap of liberty on her head, symbolizing a hard-fought freedom.
The reverse side of the Morgan Dollar features the majestic American bald eagle, holding the arrows of war and olive branch of peace in its talons. These features, as well as the stories that go along with them, result in great appeal by coin collectors of all types. The fact that these silver dollars represent one of the greatest and most important eras of our still young country gives the Carson City Morgan Dollars superior historical value as well.
Although hundreds of millions of Morgans were minted between and , rarities in the Morgan Dollar series are mostly due to large scale meltings, which disposed of most of the rarer branch-mint issues and apparently all 12, of the Philadelphia business strikes. It is estimated that nearly half of all Morgan Dollar coinage was destroyed from to , partly as a result of the Pittman Act of mandate, but also during World War II.
At one time, Morgan Dollars were simply not that popular with collectors. Even as the hobby of numismatics became more popular in the s, most collectors preferred smaller denomination coins which were readily available in circulation.
More than a few dealers quietly availed themselves of this opportunity throughout the s and s. Then, in the early s, with the U. When the government closed that window of opportunity in , 2. When this fact became public, it touched off even greater excitement throughout the numismatic community.
In January , seven semi-trailer trucks under heavy guard moved approximately 77 tons of silver dollars from the Treasury Department to the West Point Depository. The GSA conducted seven sales beginning in October , and then fortuitously concluded sales during the peak of the spectacular silver bull market. In years past, before GSA-encased Morgans became so popular, some short-sighted collectors and even some dealers! Today, however, Morgan Dollars in original GSA cases display a special provenance that other coins simply cannot match.
Click the link above to view our on-line inventory of Carson City Morgan Dollars encased in the original holders of the U. General Services Administration. Of course, coins are limited and available on a first come, first served basis. Includes condition census, market notes, enlarged full-color photographs, valuations, mintages, certification data, prooflike and DMPL coins, and more.
Order Today: Shop "CC" Morgan Dollars. Shop All Morgan Dollars. Download Checklist. Rarities Blossom from Large Scale Destruction.
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It primarily minted silver coins; however, it also minted gold coins, with a total face value in dollars nearly equal to that of its. ✯Carson City GSA Morgan Silver Dollars ✯ Estate Coin Lot Hoard ✯ $1 CC Mint UNC✯. ✓Uncirculated CC Morgan $ GSA Dollar.
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Prior to the development of this facility, silver and gold ore mined in the Nevada territory was shipped to San Francisco for processing. However, the costs of shipping and the risk of theft necessitated a branch in the territory.
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Buy Carson City Morgan “CC” Silver Dollars
Ryder today joined officials of the state of Nevada and representatives of the Nevada State Museum to celebrate the th anniversary of the first coin produced at the Carson City Mint. Some of our most beautiful coins were produced here, including the iconic Morgan Silver Dollar, which is still popular with collectors today. I am proud to acknowledge the people who worked here and the important role the facility played in the community. An Act of Congress established the Carson City Mint in to address the coinage needs brought about by the discovery of the Comstock Lode. The facility operated from to and produced gold and silver coins, including dimes, twenty-cent pieces, quarters, half dollars, Trade dollars, Morgan dollars, five-dollar gold pieces, ten-dollar gold pieces, and twenty-dollar gold pieces.
United States Mint Celebrates Carson City Mint Sesquicentennial
This price does not reference any standard coin grading scale. Additional Info: The CC Carson City Morgan Silver Dollars are a must have for any serious Morgan aficionado, but with a top end value up in the tens of thousands its not an investment to be taken lightly. High end versions of this coin are hard to price really. Really depends upon the specimen. Coins worth more to a collectors may be a better long term investment. If the metal prices drop you will still have a coin that a numismatic would want to buy. Want more info? Then read Coin Collecting Investment an article that details the benifits of coin collecting as a way to build wealth.
One of the most exciting series in numismatics is Morgan Silver Dollars, minted at the famed wild-west mint in Carson City, Nevada. Among the many popular U.
