The 1885-CC Morgan Dollar is a fascinating coin that collectors cherish. Produced at the Carson City Mint, this silver dollar has a rich history and is notable for its rarity and beauty. Whether you’re new to coin collecting or a seasoned expert, this guide will help you understand what makes the 1885-CC Morgan Dollar special.
History of the Carson City Mint
The Carson City Mint, located in Nevada, was a significant player in U.S. coin production. It stopped making coins on November 6, 1885, due to decreased silver output from local mines. Before this, the mint mainly produced silver dollars, thanks to Congress pushing for increased coinage to support Western mining interests. Despite its importance, the Carson City Mint produced far fewer coins than other mints like those in Philadelphia and San Francisco.
In 1889, the mint resumed operations, producing the highest number of Morgan Dollars in its history in 1890. However, its time was short-lived, and the last coins were struck in 1893.
Understanding the 1885-CC Morgan Dollar
Minting and Circulation
The 1885-CC Morgan Dollars were created for circulation, but most of them didn’t make it to everyday use. Instead, they were stored for years in the San Francisco Mint and other Treasury locations. Rusty Goe, an expert in Carson City coins, estimates that out of the 228,000 coins made, between 155,000 and 168,000 still exist today, most of which are in excellent condition.
In the 1950s, some of these coins were released, but finding uncirculated examples was quite challenging until the GSA Sales began in the 1970s. This sales event released over 148,000 coins, many of which are still in pristine condition today.
Rarity and Value
The 1885-CC Morgan Dollar is considered rare, especially in higher grades. Coins graded at MS63 to MS64 can typically sell for between $800 to $1,000. However, as the quality increases, so does the price. For example, a top-grade coin (MS68+) can command prices well over $46,000, showcasing the coin’s desirability among collectors.
Grading and Certification
Grading is crucial in coin collecting. The 1885-CC Morgan Dollars have been assessed by major grading services like PCGS and NGC. As of now, 58,479 coins have been graded, and the highest grades (like MS68+) are extremely rare. These grades can significantly influence the coin’s market value.
Key Features of the 1885-CC Morgan Dollar
Design
The 1885-CC Morgan Dollar features a design by George T. Morgan, which includes:
- Obverse (front): A profile of Lady Liberty wearing a cap.
- Reverse (back): An eagle with outstretched wings, symbolizing strength and freedom.
Specifications
| Specification | Details |
|---|---|
| Country | United States of America |
| Year of Issue | 1885 |
| Denomination | One Dollar (USD) |
| Mintmark | CC (Carson City) |
| Mintage | 228,000 coins |
| Alloy | 90% silver, 10% copper |
| Weight | 26.73 grams |
| Diameter | 38.10 mm |
| Edge | Reeded |
Collecting the 1885-CC Morgan Dollar
Tips for Collectors
If you’re interested in collecting the 1885-CC Morgan Dollar, here are a few tips:
- Understand the Grades: Knowing how coins are graded will help you make informed purchases.
- Research Prices: Keep an eye on auction results and market trends to gauge the value of coins.
- Join a Community: Connect with other collectors online or in local clubs to share insights and experiences.
Market Trends
The market for the 1885-CC Morgan Dollar has seen fluctuations over the years. Prices for higher-grade coins tend to rise as collectors seek to complete their sets. Always do your research to ensure you get a fair deal.
Conclusion
The 1885-CC Morgan Dollar is more than just a coin; it’s a piece of history that reflects the spirit of American expansion and the mining boom of the late 19th century. Whether you’re an avid collector or just starting, understanding this coin’s background, rarity, and market trends can enrich your collecting experience. With its beautiful design and significant history, the 1885-CC Morgan Dollar remains a treasured item in the world of numismatics.
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Frequently Asked Questions (FAQ)
1. What is the 1885-CC Morgan Dollar?
The 1885-CC Morgan Dollar is a silver coin minted at the Carson City Mint in Nevada. It is known for its unique design by George T. Morgan and is highly sought after by collectors due to its historical significance and limited mintage.
2. Why is the 1885-CC Morgan Dollar considered rare?
The rarity of the 1885-CC Morgan Dollar comes from its low mintage of 228,000 coins and the fact that many were not released for circulation. Most of the coins were stored for years, and only a limited number remain today, making high-grade examples particularly valuable.
3. How can I tell if my 1885-CC Morgan Dollar is in good condition?
The condition of a coin is assessed through grading. Look for signs of wear, scratches, or tarnishing. Coins are graded on a scale, with MS63 to MS64 indicating high quality. Professional grading services like NGC or PCGS can provide an accurate assessment.