Sunday, October 4, 2009

Why Carson City Morgan Silver Dollars Are Highly Collectible

Carson City Morgans (CC Silver Dollars) demand an indomitable place in American history. After massive quantities of silver were discovered in the 1850s in Carson City, Nevada, the town built and maintained a mintage that produced what became known as the CC Morgans.

The Carson City silver dollars look the same as the Morgan dollars, with the face of Liberty and an eagle on the reverse side, but also display the double C mint mark on the reverse side. This fact makes it extremely valuable to collectors.

Millions of Carson City silver dollars were minted during certain years, but in other years only a few thousands were minted. As a result, Carson City silver dollars total less than one per cent of the total number of American silver dollars that were minted before and after them.

All Carson City Morgans are considered very collectible, but among the most valuable of these is the 1885 Morgan CC. During this year, very few of these silver dollars were minted. The Carson City mint was officially closed in 1893.

Meanwhile, the numismatic hobby was growing by leaps and bounds. Then, in the late 1930s a few coin dealers discovered that there were uncirculated Carson City silver dollars worth $5.00 each in Washington D.C.'s Treasury Department. Naturally, the dealers began to take advantage of the opportunity.

New interest in Carson City Morgans began in 1972 when the General Services Administration began to distribute them in mail-bids. This continued until1980, when the entire cache of CC dollars was gone.
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