This particular United States coin, minted in 1879 at the Carson City Mint, represents a significant issue within its series. Identified by the “CC” mintmark, these coins are composed of 90% silver and 10% copper, adhering to the standard composition for circulating silver coinage of that era. The obverse features a profile of Lady Liberty, while the reverse depicts an eagle clutching arrows and an olive branch. Its existence signifies an important era in American coinage history.
The importance of this specific date and mintmark combination stems from its relatively low mintage compared to other issues in the series. This relative scarcity contributes to a higher value and increased desirability among numismatists. Further, coins produced at the Carson City Mint, in general, are highly sought after due to the mint’s limited operational lifespan and location, which adds a layer of historical significance. This coin serves as a tangible connection to the silver mining boom and the economic landscape of the late 19th century.
Understanding the details of its production, rarity, and historical context is essential for appreciating its numismatic value. The following sections will delve deeper into grading standards, market value fluctuations, and factors that contribute to the collectibility of this coveted piece of American history.
1. Carson City Mint
The “1879cc morgan silver dollar” owes its existence and inherent collectibility to the Carson City Mint. Established in Nevada during the silver mining boom, the Carson City Mint was operational from 1870 to 1893. The “CC” mintmark on the coin signifies its origin at this specific facility. The connection between the mint and the coin is causal: without the Carson City Mint, the “1879cc morgan silver dollar” could not exist. The mint’s purpose was to convert locally mined silver into coinage, facilitating commerce and solidifying the area’s economic standing. This provides a practical significance to understanding the association.
The importance of the Carson City Mint as a component of the “1879cc morgan silver dollar” extends beyond mere origin. Coins struck at this mint, across all years and denominations, are generally scarcer than those produced at larger facilities like Philadelphia or San Francisco. This scarcity arises from the smaller scale of operations at Carson City. For example, the 1879-CC issue had a mintage of 756,000, significantly less than other mints. This lower mintage directly contributes to a higher value and increased desirability among collectors. The very limited mintage of the coin, along with the mint facility’s closure, are all major impacts to coin availability today.
In summary, the Carson City Mint is intrinsically linked to the “1879cc morgan silver dollar,” providing not only its birthplace but also a significant factor in its rarity and value. Understanding the history and operations of the Carson City Mint is crucial to appreciating the numismatic significance of the coin. The relatively small production numbers and the historical context of the mint’s role in the silver mining era create a compelling narrative that enhances the coin’s appeal to collectors and historians alike.
2. Silver Composition
The silver composition of the “1879cc morgan silver dollar” is fundamental to its identity and value. The specific alloy used not only dictated its physical characteristics but also played a role in its historical context and eventual collectibility.
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Standard Fineness
The “1879cc morgan silver dollar” is comprised of 90% silver and 10% copper. This standard fineness was established by the Coinage Act of 1837 and continued to be used for circulating silver coinage. The 90% silver content provided intrinsic value based on the fluctuating price of silver, while the 10% copper added durability, resisting wear and tear during circulation. The implications of this standard fineness are that the coins held both face value and intrinsic metal value, a feature that contributed to their widespread acceptance and use.
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Source of Silver
The silver used in the production of the “1879cc morgan silver dollar,” especially those minted in Carson City, Nevada, primarily originated from the Comstock Lode. This massive silver deposit fueled the Nevada mining boom of the late 19th century. The association with the Comstock Lode not only provided the raw material for the coins but also imbued them with a sense of local history and regional significance. The ability to extract value from the local terrain was also the core reason for creating the mint. The silver was the reason the coin existed.
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Impact on Appearance
The 90/10 silver-copper alloy affects the coin’s appearance, influencing its color and how it ages over time. A freshly minted “1879cc morgan silver dollar” would have possessed a bright, lustrous appearance. Over time, exposure to the atmosphere and handling would cause the silver to tarnish, resulting in a range of toning, from light golden hues to deep blues and purples. The presence and quality of toning can significantly affect a coin’s aesthetic appeal and, consequently, its value to collectors. Coins with attractive, original toning are often more desirable than those that have been cleaned or artificially toned.
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Melting and Speculation
Periods of high silver prices have historically led to the melting of silver coins, including the “1879cc morgan silver dollar,” for their intrinsic metal value. When the price of silver exceeded the face value of the coin, it became economically advantageous to melt the coins for their silver content. This practice reduced the number of extant “1879cc morgan silver dollar” coins, particularly those in circulated condition. The threat of melting is an ever-present consideration in the valuation of this coin. As the number of remaining coins declines, values will increase as demand remain fixed. The reduction to mintages caused this coin to become rarer over time.
Understanding the silver composition of the “1879cc morgan silver dollar” provides crucial insight into its intrinsic value, historical context, and the factors influencing its collectibility. The combination of standard fineness, the origin of the silver, the impact on appearance, and the risk of melting are all interconnected aspects that contribute to the coin’s allure and enduring appeal to numismatists.
3. Original Mintage
The original mintage of the “1879cc morgan silver dollar” is a primary determinant of its present-day rarity and value. The Carson City Mint produced 756,000 examples of this coin in 1879. This number, relative to other Morgan Silver Dollars, is considered low. The scarcity creates a direct causal link to its higher numismatic value. A coin with a lower original mintage has a smaller population from which surviving examples can be found, immediately affecting its rarity. For instance, the 1881-S Morgan dollar had a mintage of 12 million. This makes it far more common and, therefore, generally less valuable than the 1879-CC, all other factors being equal. Understanding the original mintage provides a foundational piece of knowledge necessary for evaluating the coin’s potential value.
The original mintage figures are vital when considering the impact of subsequent events, such as melting and attrition. Over time, a portion of the original mintage of the “1879cc morgan silver dollar” has been lost due to melting during periods when the silver content was worth more than the face value, wear and tear from circulation, and accidental damage. This further reduces the number of surviving examples, compounding the effect of the already low original mintage. Comparing the 1879-CC Morgan dollar to a more common issue from Philadelphia, such as the 1883, highlights this. The 1883 had a mintage of over 12 million. Though it originally had a larger pool of available coins, the 1879-CCs lower original mintage ensures its relative scarcity remains significant, driving its desirability among collectors.
In summary, the original mintage of the “1879cc morgan silver dollar” is a fundamental attribute that directly affects its value and collectibility. Its comparatively low production number, coupled with subsequent losses due to melting and wear, cements its status as a scarcer and more valuable coin within the Morgan silver dollar series. This knowledge is indispensable for numismatists seeking to understand and assess the worth of this coin. Failure to consider this factor can lead to misinformed valuations and poor investment decisions.
4. Numismatic Grade
Numismatic grade serves as a crucial determinant of the value and desirability of an “1879cc morgan silver dollar”. It is a standardized assessment of a coin’s physical condition, factoring in wear, surface preservation, and eye appeal. The assigned grade directly impacts the coin’s market price and its place within a collection.
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Grading Scales and Standards
Professional grading services, such as the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC), employ a numerical scale ranging from 1 to 70, with higher numbers indicating better condition. Grades are assigned based on universally recognized standards, considering factors such as the absence of wear, the presence of original mint luster, and the absence of significant surface imperfections. The implications of these standards on “1879cc morgan silver dollar” valuation are significant. A coin graded MS-65 (Mint State 65) will command a substantially higher price than one graded AU-50 (Almost Uncirculated 50).
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Impact of Wear and Tear
Wear and tear are primary considerations in numismatic grading. Even slight wear, such as flattening of design details, can significantly reduce a coin’s grade. The presence of noticeable wear on the high points of the designfor example, Lady Liberty’s cheek or the eagle’s breastindicates circulation. For an “1879cc morgan silver dollar,” any evidence of circulation will drop the coin from the Mint State category into the circulated grades (e.g., AU, XF, VF). Each grade reduction entails a substantial decrease in value due to the diminished eye appeal and the increasing loss of original detail.
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Surface Condition and Eye Appeal
Surface condition, including the presence of scratches, contact marks, or evidence of cleaning, plays a critical role in determining a coin’s grade. While some minor imperfections may be tolerated in lower grades, any significant damage or alteration can severely detract from a coin’s value. Eye appeal, a subjective assessment of a coin’s overall attractiveness, also influences grading decisions. An “1879cc morgan silver dollar” with attractive toning and a pleasing luster may receive a higher grade than one with similar technical attributes but less visual appeal. Improper cleaning often leaves hairlines that are detrimental to the coin’s grade and value.
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Rarity Modifiers and Grade Inflation
Certain rarity modifiers, such as the “CC” mintmark on the “1879cc morgan silver dollar,” can influence grading standards. A coin with a desirable mintmark may be granted some leniency in grading if it exhibits exceptional eye appeal or possesses other redeeming qualities. Grade inflation, the tendency for grading standards to become more lenient over time, is a consideration. To mitigate this, collectors often rely on the grading services’ consistency and reputation. An accurately graded “1879cc morgan silver dollar” by a reputable service provides assurance of the coin’s condition and contributes to its liquidity in the market.
The relationship between numismatic grade and the “1879cc morgan silver dollar” is inextricably linked to its value and collectibility. A higher grade signifies superior condition and enhances the coin’s desirability, resulting in a premium price. Conversely, a lower grade reflects greater wear or damage, diminishing its value. Understanding the nuances of numismatic grading is crucial for collectors seeking to acquire and appreciate this valuable piece of American history.
5. Market Value
Market value represents the price at which an “1879cc morgan silver dollar” can be realistically bought or sold in the current numismatic marketplace. This value is dynamic, influenced by a confluence of factors that extend beyond the coin’s inherent silver content or historical significance.
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Grading and Certification Impact
The assigned grade by a reputable third-party grading service, such as PCGS or NGC, significantly influences the market value. An “1879cc morgan silver dollar” certified as MS-65 (Mint State 65) will command a price considerably higher than a circulated example graded VF-20 (Very Fine 20). Certification provides assurance of authenticity and condition, reducing risk for potential buyers and thereby increasing market value. For example, a PCGS-graded MS-65 example may fetch thousands of dollars, while a VF-20 might only realize a few hundred. Market value trends also follow grading tier level for coin collecting.
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Rarity and Mintage Considerations
The original mintage figure of 756,000 for the “1879cc morgan silver dollar” contributes to its relative scarcity compared to other Morgan dollars. This scarcity directly affects market value. Low mintage figures inherently increase demand among collectors seeking to complete sets or acquire key-date coins. For example, a common date Morgan dollar in similar condition might be worth a fraction of the price of an “1879cc morgan silver dollar” due solely to the difference in mintage and perceived rarity.
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Silver Spot Price Fluctuation
Although primarily a collectible item, the “1879cc morgan silver dollar” contains a significant amount of silver. Fluctuations in the spot price of silver can exert some influence on its market value, particularly at lower grades. When the silver price rises substantially, the intrinsic metal value of the coin can provide a floor for its market price, preventing it from falling below a certain level. This floor is less pronounced in higher grades where the numismatic value far outweighs the metal value.
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Collector Demand and Market Trends
Collector demand plays a pivotal role in shaping the market value of the “1879cc morgan silver dollar.” Shifts in collector preferences, the emergence of new buyers, and overall market trends can all impact its price. Increased interest in Carson City Mint coins, for example, can drive up the demand and value of the “1879cc morgan silver dollar”. Conversely, a general downturn in the coin market or a shift in collector focus can lead to a decrease in value. Auction results and dealer inventories are reliable indicators of these trends.
The multifaceted nature of market value necessitates a comprehensive understanding of these interconnected factors when assessing the potential purchase or sale of an “1879cc morgan silver dollar”. Ignoring any one of these elements can lead to an inaccurate valuation and potentially unfavorable financial outcomes. Therefore, a careful analysis of grading, rarity, metal prices, and market dynamics is essential for informed decision-making within the numismatic market.
6. Rarity Factors
Rarity factors are paramount in determining the desirability and valuation of an “1879cc morgan silver dollar”. These factors, stemming from original mintages, subsequent losses, and unique characteristics, directly influence the availability of the coin and, consequently, its market price. The Carson City Mint’s production of only 756,000 examples of the 1879-CC issue establishes a primary rarity factor. This relatively low mintage, compared to other Morgan dollar mints and dates, immediately limits the potential supply available to collectors. For example, the Philadelphia Mint produced over 9 million Morgan dollars in 1879. This huge difference in production volume highlights the cause and effect relationship between initial mintage and current rarity. Without the low mintage number, the rarity aspect would not exist.
Beyond the initial production numbers, additional factors contribute to the “1879cc morgan silver dollar’s” present-day scarcity. Melting of silver coins, driven by fluctuations in silver prices throughout history, has further reduced the number of surviving examples. Circulation, with its attendant wear and tear, renders many coins undesirable to collectors seeking higher-grade specimens. These processes act as attrition mechanisms, exacerbating the initial scarcity. The practical significance lies in recognizing that the number of collectible “1879cc morgan silver dollar” coins in high grade is substantially lower than the original mintage suggests. Knowledgeable collectors understand that a coin with a lower mintage, compounded by these loss factors, has a higher possibility of commanding premium valuations.
The inherent rarity of the “1879cc morgan silver dollar,” stemming from its low mintage and subsequent attrition, directly enhances its collectibility and market value. Awareness of these factors is essential for numismatists seeking to assess the value of this coin accurately. Misinterpreting or ignoring these factors can lead to inaccurate valuations and potentially poor investment decisions. The interplay of low original mintage, combined with losses due to silver melts or circulation wear, is crucial to understand the value this coin has. Understanding the interplay between these various rarity aspects and their effect on value is critical.
7. Collector Demand
Collector demand exerts a significant influence on the valuation of the “1879cc morgan silver dollar.” This demand, driven by factors such as the coin’s historical significance, perceived rarity, and aesthetic appeal, directly impacts its market price. A surge in collector interest can dramatically increase the value, while a decline in demand can lead to a corresponding decrease. The “1879cc morgan silver dollar” from the Carson City Mint represents a tangible link to the silver mining era in the American West, a period of rapid economic growth and westward expansion. This connection resonates with collectors interested in tangible pieces of American history, generating a consistent level of demand. The coin itself would be less important without the collector demand to push the prices up.
Specific attributes of the “1879cc morgan silver dollar,” such as its “CC” mintmark and relatively low mintage compared to other Morgan dollar issues, contribute to its desirability among collectors. A collector seeking to complete a set of Morgan silver dollars by date and mintmark is likely to prioritize the acquisition of the “1879cc morgan silver dollar” due to its status as a key date and a representative of the Carson City Mint. The effect of high demand and few supplies available lead to drastic increases to price and value over time. As an example, consider the price difference between the “1879cc morgan silver dollar” and more common issues like the 1883-O. Even in similar grades, the 1879-CC commands a substantial premium, primarily due to its collector appeal and relative scarcity.
Understanding collector demand is crucial for numismatists involved in buying, selling, or investing in the “1879cc morgan silver dollar.” Monitoring auction results, dealer inventories, and online forums can provide valuable insights into current market trends and shifts in collector preferences. Challenges arise from the subjectivity of collector demand, which can be influenced by external factors such as economic conditions, media coverage, and emerging trends in the coin collecting community. Despite these challenges, recognizing the central role of collector demand remains essential for accurately assessing the value of the “1879cc morgan silver dollar” and making informed decisions in the numismatic marketplace. The presence of dedicated collectors drives the economy in numismatics.
8. Historical Context
The “1879cc morgan silver dollar” exists as a direct consequence of specific historical events and economic policies of the late 19th century United States. The Coinage Act of 1873, which demonetized silver, was met with considerable opposition from silver mining interests and proponents of bimetallism. The Bland-Allison Act of 1878, intended to appease these groups, mandated the U.S. Treasury to purchase a specific quantity of silver each month and coin it into silver dollars. Without the Bland-Allison Act, the Morgan dollar series, including the “1879cc morgan silver dollar,” would not have been produced. The Act was the cause and the coin’s existence was the effect of such political events.
The Carson City Mint, where the “1879cc morgan silver dollar” was struck, further deepens the coin’s historical significance. Established in Nevada during the height of the Comstock Lode silver boom, the Carson City Mint served to convert locally mined silver into coinage, facilitating commerce and solidifying the region’s economic standing. The “CC” mintmark serves as a tangible connection to this era of westward expansion and industrial growth. The availability and use of “1879cc morgan silver dollar” helped provide economic support to that specific region during the time period. The practical significance lies in understanding that the coin is more than just a piece of currency. It is a symbol of the economic and political landscape of the late 19th-century American West.
In summary, the historical context surrounding the “1879cc morgan silver dollar,” including the Bland-Allison Act and the role of the Carson City Mint, is inextricably linked to its existence and numismatic value. Understanding these historical factors is crucial for appreciating the coin’s broader significance and for making informed decisions about its value and collectibility. The challenges involved in accurately interpreting historical events and their impact on coin values highlight the importance of thorough research and informed analysis within the numismatic field. By understanding the historical aspects one can understand what caused this coin to be important today.
Frequently Asked Questions
The following questions address common inquiries regarding the 1879cc Morgan Silver Dollar, providing clear and concise answers based on established numismatic knowledge.
Question 1: What is the significance of the “CC” mintmark on an 1879 Morgan Silver Dollar?
The “CC” mintmark indicates that the coin was struck at the Carson City Mint in Nevada. This mint operated from 1870 to 1893, and coins bearing its mark are generally scarcer and more valuable than those produced at other mints.
Question 2: How does the original mintage of the 1879cc Morgan Silver Dollar affect its value?
The 1879cc Morgan Silver Dollar had an original mintage of 756,000. This relatively low number, compared to other Morgan dollar issues, contributes to its higher value and greater demand among collectors.
Question 3: What factors influence the grading of an 1879cc Morgan Silver Dollar?
Grading considers factors such as wear, surface condition, luster, and eye appeal. Coins with minimal wear, original luster, and few surface imperfections receive higher grades, leading to increased market value.
Question 4: Does the silver content of the 1879cc Morgan Silver Dollar affect its price?
The silver content does have an effect on coin value. The coin is comprised of 90% silver. While the primary value stems from its numismatic attributes, fluctuations in the spot price of silver can influence its worth, particularly for lower-grade examples.
Question 5: How does historical context influence the value of the 1879cc Morgan Silver Dollar?
The 1879cc Morgan Silver Dollar’s historical context, including its connection to the Comstock Lode and the silver mining boom of the late 19th century, enhances its collectibility and value. The coin serves as a tangible reminder of this era.
Question 6: Where can accurate market values for the 1879cc Morgan Silver Dollar be found?
Reliable sources for market values include reputable coin dealers, auction results from established numismatic auction houses, and price guides published by grading services such as PCGS and NGC. These sources reflect current market conditions and provide valuable insights into valuation.
In summary, the 1879cc Morgan Silver Dollar’s value is influenced by a combination of its mintmark, mintage, grade, silver content, historical context, and current market conditions. Understanding these factors is essential for informed decision-making in the numismatic market.
The following sections will delve into practical considerations for purchasing and selling this coin.
Tips for Navigating the 1879cc Morgan Silver Dollar Market
Successfully navigating the market for this coin requires a strategic approach, combining research, due diligence, and a clear understanding of the factors influencing its value.
Tip 1: Prioritize Authentication and Grading Verification: Ensure that any 1879cc Morgan Silver Dollar under consideration is authenticated and graded by a reputable third-party grading service, such as PCGS or NGC. Verification of the certification number on the grading service’s website is essential to confirm the coin’s grade and authenticity.
Tip 2: Conduct Thorough Market Research: Before making a purchase, research recent auction results, dealer listings, and price guides to establish a realistic understanding of the coin’s current market value in the specified grade. Price discrepancies may indicate potential issues with authenticity or grading accuracy.
Tip 3: Scrutinize Coin Images and Descriptions: Carefully examine high-resolution images of the coin for any signs of alteration, cleaning, or damage not disclosed in the description. Pay close attention to the coin’s surface condition, luster, and overall eye appeal.
Tip 4: Consider the Seller’s Reputation: Purchase from reputable coin dealers or established auction houses with a proven track record of ethical business practices and customer satisfaction. Review seller feedback and seek references when possible.
Tip 5: Understand the Impact of Toning: Natural toning can enhance the aesthetic appeal and value of an 1879cc Morgan Silver Dollar, while artificial or unattractive toning can detract from its value. Assess the coin’s toning carefully, considering its originality and visual appeal.
Tip 6: Be Aware of Market Fluctuations: The value of the coin can fluctuate based on changes in collector demand, silver prices, and overall market trends. Stay informed about these fluctuations to make timely and informed buying or selling decisions.
Tip 7: Store the Coin Properly: Once acquired, store the 1879cc Morgan Silver Dollar in a protective holder or slab to prevent damage and maintain its condition. Avoid handling the coin directly to preserve its surface and luster.
By following these tips, prospective buyers and sellers can minimize risks and maximize opportunities in the 1879cc Morgan Silver Dollar market, ensuring a more informed and successful experience.
This advice offers a foundation for successfully engaging with the 1879cc Morgan Silver Dollar market, leading to a conclusion that summarizes the coin’s importance and enduring appeal.
Conclusion
The preceding analysis underscores the enduring significance of the “1879cc morgan silver dollar” within the realm of numismatics. Its scarcity, historical context, and the intricacies of its grading and market valuation collectively contribute to its appeal to collectors and investors. Understanding the interplay of these factors is paramount for accurately assessing its present worth and future potential.
Continued study of market trends, historical records, and grading standards will further refine one’s appreciation for this iconic coin. The “1879cc morgan silver dollar” serves as a tangible link to a pivotal period in American history, and its preservation remains a responsibility for those entrusted with its stewardship. Further research and careful consideration are encouraged for all who seek to engage with this valuable piece of American heritage.
