The 1878-CC Morgan Dollar is a fascinating piece of American coinage. Understanding its history and characteristics can help collectors appreciate its value. This guide breaks down important details about the coin, its production, pricing, and various noteworthy features, making it easier for anyone interested in collecting or learning about this historical dollar.
Background of the 1878-CC Morgan Dollar
In the late 19th century, the United States faced changes in its coinage due to the Bland-Allison Act, which aimed to increase the production of silver coins. Treasury Secretary John Sherman ordered branch mints to stop making Trade Dollars and instead focus on the new Morgan Dollar. This led to the creation of the 1878-CC Morgan Dollar, minted at the Carson City Mint in Nevada.
Changes in Design
Originally, the Morgan Dollar was supposed to have eight tail feathers on the eagle’s reverse side. However, after some criticism, the design was changed to show only seven. This adjustment took time and caused a delay in production, especially at the western mints in Carson City and San Francisco.
On April 16, 1878, the first 100 1878-CC Morgan Dollars were produced, marking the beginning of its minting. In total, about 2,212,000 of these coins were struck. While this number isn’t huge, it was a significant amount given the limited silver available to the Carson City Mint.
Historic Pricing Data
When the 1878-CC Morgan Dollar was first available, it was relatively affordable. In 1948, uncirculated coins sold for just $3.00 each. By the 1970s, prices had increased due to growing interest in coin collecting, particularly after the GSA (General Services Administration) released many coins from their hoards.
Pricing Over the Years
| Year | Price (Approx.) | Notes |
|---|---|---|
| 1948 | $3.00 | Uncirculated examples available. |
| 1951 | $2.90 | Listed in Numismatist ads. |
| 1974 | $30.00 | MS65 examples listed for auction. |
Market Data and Rarity
Most uncirculated 1878-CC Morgan Dollars are graded between MS62 and MS63. While many are bright and shiny, they often show signs of wear, known as bag marks. Coins graded as MS67 are very rare and can fetch impressive prices at auctions.
Auction Prices for Notable Examples
| Grade | Auction Date | Sale Price | Auction House |
|---|---|---|---|
| MS67 | Sept 14, 2023 | $23,400 | Heritage Auctions |
| MS67 | Jan 14, 2022 | $31,200 | Heritage Auctions |
| MS67 | Dec 20, 2020 | $73,348.88 | GreatCollections |
Notable Varieties
There are more than 20 different VAM (Variety Attribution Method) varieties of the 1878-CC Morgan Dollar. Each variety has unique features that collectors may seek out:
Selected VAM Varieties
| VAM Number | Key Features |
|---|---|
| VAM-1B | Two die scratches on “LIBERTY.” |
| VAM-9 | Crooked mintmark and noticeable die lines. |
| VAM-11 | Crossing die lines on the eagle’s wings. |
| VAM-22 | Die chips within the CC mintmark. |
Coin Specifications
Here are the key details for the 1878-CC Morgan Dollar:
| Specification | Details |
|---|---|
| Country | United States of America |
| Year of Issue | 1878 |
| Denomination | One Dollar (USD) |
| Mintmark | CC (Carson City) |
| Mintage | 2,212,000 |
| Alloy | .900 Silver, .100 Copper |
| Weight | 26.73 grams |
| Diameter | 38.10 mm |
| Edge | Reeded |
| OBV Designer | George T. Morgan |
| REV Designer | George T. Morgan |
Conclusion
The 1878-CC Morgan Dollar is not just a piece of currency; it’s a collector’s item with a rich history. Understanding its production, market value, and varieties can enhance your appreciation for this coin. Whether you are a seasoned collector or just starting, knowing the details about the 1878-CC Morgan Dollar will help you make informed decisions and potentially guide you in your collecting journey. As interest in these coins continues to grow, the 1878-CC Morgan Dollar remains a valuable addition to any collection.
Frequently Asked Questions (FAQ)
1. What is the 1878-CC Morgan Dollar?
The 1878-CC Morgan Dollar is a silver coin minted in Carson City, Nevada. It was part of the Morgan Dollar series, designed by George T. Morgan. This coin is known for its unique historical significance and distinct design features.
2. How many 1878-CC Morgan Dollars were minted?
A total of 2,212,000 1878-CC Morgan Dollars were minted. This number is relatively modest compared to some other Morgan Dollar years, making it a notable piece for collectors.
3. What makes the 1878-CC Morgan Dollar valuable?
The value of the 1878-CC Morgan Dollar comes from its rarity, historical importance, and condition. Coins in uncirculated condition, particularly those graded as MS67, can fetch high prices at auction. Additionally, specific varieties, known as VAMs, can be particularly sought after.