The CC Silver Dollar - What You Should Know
September 30, 2008
The CC Silver Dollar has a unique spot in history. Although every collectible coin has a unique and valuable story, the story of the CC dollar is among those that stand out. This is one coin that no collector should miss out on.
CC Coins
CC actually stands for Carson City. This is where the story of the CC silver coins began. It was in 1859 when a huge source of silver was discovered in Carson City. It was partly because of this silver source and lobbying that a mint branch was established in Carson City. Like every other mint office, the one in Carson also affixed its letter sign on the minted dollar. For Carson Cit y it was the double C.
Value of CC
A CC Silver Dollar is actually a Morgan Dollar. Like other Morgan Dollars, this one has the face of Liberty and an eagle on the reverse. What makes it unique from other silver dollars however is the double C mint mark on the reverse. It is the only American silver coin with a double letter mint mark. This unique feature is one of the main reasons why The Carson City dollar is considered valuable.
Morgan Silver Dollars - A Staple For Silver Dollar Collectors
September 23, 2008
First minted in 1874, the Morgan Silver Dollar was produced for 30 years, ending production in 1904. After almost 20 years of not being produced, the US Mint did a production run of 1921 Silver Dollars and thus the coins finally ceased production after 1921, never to be produced again. Oddly enough, and unlike many other silver dollar coins, the Morgan Silver Dollar was not named after a famous politician or businessperson, but was named after the designer of the Morgan Silver Dollar.
Prior to the Morgan Silver Dollar was the Seated Liberty Silver Dollar and Silver trade coins which were used mainly for trade with the orient. Morgan Silver Dollars were made of 0.77344 troy ounce of silver and were produced around the same time as a large silver strike in Nevada. Because the availability of silver was so large, the US government resumed production for one year to produce the now famous 1921 Morgan Silver Dollar.
Tips For Buying Silver Dollar Morgan Coins
September 18, 2008
The Morgan dollar is considered to be a very popular investment vehicle for coin collectors as they sell for reasonable prices, and have performed very well as investments in the past. Other than that, a Morgan dollar is simply a beauty to behold. If you want to purchase your very own Morgan dollar, then it is important that you equip yourself with knowledge about the coins, to assure you that you don't take a loss instead.
What is a Morgan Dollar?
The silver dollar Morgan is a US silver dollar coin minted from the years 1878 to 1904, and back again for another year during the year 1921. It was authorized by the Bland-Allison Act of 1878. The Morgan dollar's obverse and reverse was designed by George T. Morgan. As the obverse, the Lady Liberty can be found. For the reverse, an eagle holding arrows and an olive branch was designed.
Descriptions
The silver dollar Morgan has a fineness of .900, meaning it has a total silver content of 24.057 grams or 0.77344 ounces per coin. Its total mass is 26.73 grams and diameter is 38.1 mm, with thickness of 3.1 mm. It is composed of 90% silver and 10% copper.
The Morgan Dollar - 1878 to 1921
September 16, 2008
The Morgan Dollar is a United States Silver Dollar named after its designer, George T. Morgan. These were made from 1878 to 1904, and then again, in 1921, just for that year. He designed both sides of this coin and his personal monogram shows close to Lady Liberty's neck on the front side of the coin. Morgans design used Anna Willess Williams, who was a schoolteacher and, occasional model, from Philadelphia. The back of the coin showed what has been called a rather malnourished eagle.
The silver coin itself is large, 38.1 mm in diameter, weighs 26.73 grams, is made of .900 fine silver and has a reeded edge. The total silver content is .77344 troy ounces. Late in the 1850s, the Comstock Lode was discovered in Nevada. This had been called the biggest silver strike in history and had the effect of driving down silver prices all over the world. As a result of this strike, Congress initiated the Bland-Allison Act in 1878, which made it a requirement for the Treasury Department to buy great amounts of silver to make coins from. Therefore, the first Morgan Dollar was made on March 11, 1878.
The Top Five Morgan Silver Dollars
September 12, 2008
Why waste everyone’s time? Let’s skip the appetizers and get to the meaty stuff right now: The Morgan silver dollars poised to increase the most in value in the years ahead are the 1895, 1892-CC, 1894, 1878-CC, and the 1883-CC. Pretty bold prediction, eh? At this point, the reader now has three options: (1) Stop reading and act upon this information, (2) Stop reading and get on with life, or (3) Continue on, evaluate the analytical approach to identify the “Top Five” Morgan dollars, and then implement a variation of (1) or (2) above. If you’ve gotten this far, we encourage you to continue on with option (3).
First, a little background info on the Morgan silver dollar…
The Morgan silver dollar is today one of the most popular of all collector coins. First minted in 1878 following the passage of the Bland-Alison Act, the new dollar was named after its designer, George T. Morgan. Political pressure by powerful silver mining companies, in a gambit to stabilize the price of their commodity at artificially high levels, created the impetus driving the legislative action. Bland-Alison led to the overproduction of silver dollars, resulting in millions of these unused “cartwheels” languishing in bank and Treasury vaults. Indeed, few coins have ever been released under more dubious circumstances than Morgan silver dollars. Minting continued until 1904, and then again for one more year in 1921, when the series finally came to a close.
[Read more]
