The 1878-CC Morgan Dollar is a prized coin for collectors, representing the very first year of production for the Morgan Dollar at the Carson City Mint. With its historical significance, limited mintage, and iconic design, this coin has cemented its status as a must-have for numismatists. Whether you’re a seasoned collector or a beginner, understanding the history, rarity, and value of the 1878-CC Morgan Dollar is essential.
History of the 1878-CC Morgan Dollar
The Morgan Dollar, designed by George T. Morgan, was first struck in 1878. Its production marked the beginning of one of the most iconic coin series in U.S. history. The Carson City Mint, located in Nevada, was established in 1870 to convert silver from the Comstock Lode into coins.
The 1878-CC Morgan Dollar was part of this inaugural minting of Morgan Dollars. With a mintage of only 2,212,000 coins, it is one of the scarcer coins in the series, especially when compared to the vast numbers minted at Philadelphia or New Orleans. Coins struck at Carson City are highly sought after because of the mint’s historical significance and its association with the Old West.
Design Features
The 1878-CC Morgan Dollar features the classic Morgan Dollar design:
- Obverse: A portrait of Lady Liberty, wearing a Phrygian cap adorned with wheat and cotton, symbolizes freedom and prosperity. The word “LIBERTY” is inscribed on her headband, surrounded by 13 stars, the date 1878, and the inscription “E PLURIBUS UNUM.”
- Reverse: An eagle with outstretched wings clutches arrows and an olive branch, representing strength and peace. The phrase “UNITED STATES OF AMERICA” and “ONE DOLLAR” encircle the design, while the “CC” mintmark is prominently placed beneath the wreath, signifying its production at Carson City.
Rarity and Grading
While 2.2 million coins were minted, many 1878-CC Morgan Dollars were heavily circulated or melted down over the years, leaving fewer surviving specimens in high grades. Collectors often seek coins certified by professional grading services like PCGS or NGC.
- Circulated Grades (G-VF): Coins in this condition are relatively affordable, typically valued between $175 and $300.
- Uncirculated Grades (MS-60 to MS-63): Prices range from $700 to $2,500, depending on eye appeal and luster.
- Gem Condition (MS-65 and higher): These coins can fetch $5,000 or more, with exceptional examples reaching even higher values.
Carson City Connection
Coins from the Carson City Mint are special due to their connection to the American West. The 1878-CC Morgan Dollar was minted during a time when silver was flowing from the Comstock Lode, a massive silver deposit in Nevada. Carson City coins are treasured not only for their beauty but also for the stories they tell of frontier history and the mining boom.
Tips for Collectors
- Verify Authenticity: Due to their value, counterfeit 1878-CC Morgan Dollars exist. Always purchase certified coins or buy from reputable dealers.
- Inspect the Mintmark: Ensure the “CC” mintmark is clearly visible and authentic, as it is a key factor in the coin’s value.
- Consider Eye Appeal: Coins with strong strikes, minimal marks, and original luster command higher premiums.
Conclusion
The 1878-CC Morgan Dollar is an iconic piece of American numismatic history, combining historical significance with aesthetic beauty. Its connection to the Carson City Mint and its role in the first year of Morgan Dollar production make it a cornerstone for any serious collector. Whether you aim to own a circulated example or a pristine gem, this coin is a tangible link to America’s past and a valuable addition to any collection.
FAQs
1. How much is an 1878-CC Morgan Dollar worth?
The value ranges from $175 for circulated examples to over $5,000 for coins in gem condition (MS-65 or higher).
2. Why are Carson City coins so valuable?
Coins from the Carson City Mint are highly sought after due to their low mintage and historical connection to the Old West and the Comstock Lode.
3. How can I tell if my 1878 Morgan Dollar is from Carson City?
Look for the “CC” mintmark beneath the wreath on the reverse side of the coin. Ensure it is authentic by consulting a professional grading service.
1. How much is an 1878-CC Morgan Dollar worth?
The value ranges from $175 for circulated examples to over $5,000 for coins in gem condition (MS-65 or higher).
2. Why are Carson City coins so valuable?
Coins from the Carson City Mint are highly sought after due to their low mintage and historical connection to the Old West and the Comstock Lode.
3. How can I tell if my 1878 Morgan Dollar is from Carson City?
Look for the “CC” mintmark beneath the wreath on the reverse side of the coin. Ensure it is authentic by consulting a professional grading service.