The Allure of Carson City Mint Silver Dollars and Their Unique Legacy
- Larry Ayer
- Oct 1
- 4 min read
The Morgan Silver Dollar is one of the most recognizable coins minted by the United States. Produced between 1878 and 1904, and then again in 1921, these 90% silver coins are cherished by both collectors and new investors. Among these striking coins, those stamped with the CC mintmark from the Carson City Mint hold a special fascination. The history behind these silver dollars adds an extra layer of intrigue.
Discovery of Silver in the Virginia Range
In 1859, a groundbreaking discovery of silver ore, the Comstock Lode, occurred beneath Mount Davidson in the Virginia Range, located in what was then the Utah Territory. This marked the first significant silver ore discovery in the United States. By 1860, the area saw the rise of mining camps that evolved into thriving towns. Recognizing the potential for wealth, the U.S. government opened the Carson City Mint in 1870 to produce silver coins from local lodes. By the time it closed, the mint had transformed over $50 million worth of silver into coins, contributing significantly to the U.S. economy.
Carson City Mint’s Brief Operating Period
The Carson City Mint produced a diverse range of coins, but it is most famous for the Morgan Dollar. It started producing these coins in 1878, the same year as other U.S. Mint facilities like Philadelphia and San Francisco. Unfortunately, the mint ceased operations in 1893 due to a sharp decline in silver mining, making the coins it produced particularly valuable. With only around 12 million Morgan Silver Dollars struck at Carson City, their rarity adds to their allure for collectors today.
The Legacy of Silver Certificates
Until June 1968, Americans could exchange paper Silver Certificates for silver dollars at any Federal Reserve branch. When the redemption period ended, only about 2.9 million silver dollars remained in circulation, a large portion of which came from Carson City. These coins were later preserved at the West Point Silver Bullion Depository in New York, indicating the historical significance of the Carson City Mint's contributions to U.S. currency.
Silver Coin Bidding and the GSA
In 1970, Congress empowered the General Services Administration (GSA) to sell the remaining silver dollars to the public. The GSA introduced a mail bidding system, allowing collectors and investors to access these coveted coins. This initiative invigorated interest in Carson City Mint Silver Dollars and established a new market for these historical pieces. For instance, during the 1973 GSA sales, over 1 million coins were sold, fueling a revival in numismatics.
The Morgan Dollar Design
The Morgan Dollar features a captivating design by George T. Morgan, depicting Lady Liberty on the front and an eagle on the back. The artistry and intricate details of these coins have garnered admiration among collectors. The CC mintmark enhances the coin's significance, as it indicates minting in Carson City, making it all the more desirable.
The Appeal of Carson City Mint Silver Dollars
Carson City Mint Silver Dollars captivate collectors for several reasons: history, rarity, and a connection to the Wild West. The mint's operation coincided with a transformative era in America. The limited production and compelling stories behind these coins allow collectors to connect meaningfully with the past. Coins such as the 1889-CC, which sold for close to $10,000 at auction in recent years, illustrate the financial investment opportunities these coins represent.
Investing in Carson City Mint Silver Dollars
For investors, acquiring Carson City Mint Silver Dollars represents a unique opportunity. Given their historical relevance and collectible nature, their value can appreciate over time. Beginners may start with more common dates, while experienced collectors often seek rarer varieties. Investing in these coins can be both rewarding and enjoyable.
Here are the dates and mintages of the Carson City Morgan Dollars:
1878-CC 2,212,000
1879-CC 756,000
1880-CC 495,000
1881-CC 296,000
1882-CC 1,133,000
1883-CC 1,204,000
1884-CC 1,136,000
1885-CC 228,000
1889-CC 350,000
1890-CC 2,309,041
1891-CC 1,618,000
1892-CC 1,352,000
1893-CC 677,000
Overall, Carson City Morgans were minted in small quantities. The Carson City Mint produced a total of just 13.7 million Morgan silver dollars.
To grasp how low this number is, consider that the Denver Mint struck 20.3 million Morgans in 1921 alone—in just one year!
If you're interested in collecting a Carson City Morgan dollar set, it's important to know that the key date is the 1889-CC. The rarity of this coin is due to its extremely low survivorship rather than its mintage.
Two other notable issues in terms of mintage are the 1881-CC and 1885-CC, with mintages of only 296,000 and 228,000 coins, respectively, making them the two lowest minted from Carson City.
A Glimpse into American History
Carson City Mint Silver Dollars are more than coins; they embody American history and the spirit of the Wild West. Their unique legacy, combined with the artistry of the Morgan Dollar design, makes them essential for collectors and investors alike. Whether motivated by historical significance or growth potential, these silver dollars provide a fascinating look into a remarkable era. As you explore numismatics, consider adding a Carson City Mint Silver Dollar to your collection and become part of America’s rich coinage history.
Woodland Treasure can get Carson City Morgan Dollars
Here at Woodland Treasure we have access to Carson City coins. Check out our current inventory at: https://www.woodlandtreasure.com/shop?Category=Morgan%2520Dollars
or send us your want list. We're happy to help.
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