The 1879-CC Morgan Dollar stands as one of the most fascinating coins in American numismatic history, especially when it comes to its rare Deep Mirror Prooflike (DMPL) variety graded MS-65 by the Professional Coin Grading Service (PCGS). The “CC” mintmark, indicating it was struck at the Carson City Mint in Nevada, enhances its uniqueness. The Carson City Mint was known for producing fewer coins compared to other mints, which makes any coin from this mint highly desirable, and this specific Morgan Dollar is no exception. In this article, we’ll delve into the historical importance, rarity, and distinct features that make the 1879-CC Morgan Dollar in DMPL MS-65 condition one of the most coveted pieces in the world of coin collecting.
Historical Background of the Morgan Dollar
The Morgan Dollar series, designed by engraver George T. Morgan, was first minted in 1878 and continued until 1904, with a brief return in 1921. The coin was authorized by the Bland-Allison Act of 1878, which required the U.S. government to purchase large amounts of silver from western mining operations and convert it into dollars. This initiative aimed to stimulate the economy and satisfy silver miners, who were seeking government support during a period of economic downturn.
The Carson City Mint, where the 1879-CC Morgan Dollar was produced, was situated near the Comstock Lode, one of the richest silver deposits in the U.S. Despite being close to the silver source, the Carson City Mint had a relatively low output compared to other U.S. mints due to its isolated location and the short duration of its operations (1870-1893). As a result, coins from this mint, particularly Morgan Dollars, are considered some of the most valuable and scarce in American coinage.
The Rarity and Significance of the 1879-CC Morgan Dollar
The 1879-CC Morgan Dollar is notable for several reasons. It was minted in limited quantities, with only 756,000 units produced that year. This low mintage, combined with the passage of time, has contributed to its rarity, making it one of the key dates in the Morgan Dollar series. The scarcity is even more pronounced in certain varieties, particularly in the Deep Mirror Prooflike (DMPL) finish, which dramatically increases its desirability.
The DMPL designation refers to coins that exhibit a highly reflective, mirror-like finish on both the obverse and reverse sides. While not actual proof coins, these coins are struck with polished dies that give them a mirror-like appearance, often seen in special proof issues. However, the DMPL Morgan Dollar is created from regular production dies, giving it a unique aesthetic that’s highly sought after. The 1879-CC Morgan Dollar, in particular, is a rare find in DMPL quality, especially when graded MS-65, a designation meaning the coin is in near-perfect condition with only very minimal imperfections.
Why the 1879-CC Morgan Dollar DMPL MS-65 is So Sought After
Carson City Mint Legacy
The Carson City Mint is renowned for its association with the American frontier and the silver boom of the late 19th century. Its “CC” mintmark carries a unique historical significance, symbolizing a time when the U.S. was expanding westward and the silver industry was booming. Coins from this mint are especially valued by collectors who appreciate the historical context behind them, further adding to the allure of the 1879-CC Morgan Dollar.
Rarity in High Grades
Although 756,000 1879-CC Morgan Dollars were minted, very few have survived in high-grade conditions, and even fewer are found with DMPL surfaces. Coins with this level of reflectivity and condition are rare, making them exceptionally valuable. The rarity of DMPL coins is a major factor in driving demand and increasing prices among collectors. According to PCGS population reports, only a small handful of 1879-CC Morgan Dollars have been graded MS-65 with the DMPL designation, emphasizing the coin’s scarcity.
The Market Value and Collectibility of the 1879-CC Morgan Dollar
The value of an 1879-CC Morgan Dollar in DMPL MS-65 is directly linked to its rarity, historical importance, and demand in the market. The price for such a coin can vary depending on its visual appeal, overall condition, and the strength of the mirror-like surfaces. Recent auction results have seen 1879-CC Morgan Dollars in DMPL MS-65 fetch anywhere between $40,000 and $60,000 or more. This high price tag is a reflection of the coin’s desirability among advanced collectors and investors in the numismatic market.
The 1879-CC Morgan Dollar is not only a stunning piece of currency but also a connection to a pivotal moment in American history, particularly the silver rush and the growth of the American West. Collectors who manage to acquire this rare coin are not just adding a valuable asset to their collection; they are securing a part of the legacy of the United States.
Conclusion
In summary, the 1879-CC Morgan Dollar in DMPL MS-65 condition represents an exceptional blend of rarity, history, and beauty in the world of coin collecting. Struck at the iconic Carson City Mint, it carries with it the legacy of the American silver boom and the development of the western United States. The coin’s deep mirror finish, combined with its high-grade condition, makes it a rare treasure highly coveted by numismatists. As the demand for high-grade Morgan Dollars continues to grow, the 1879-CC Morgan Dollar DMPL MS-65 will likely remain one of the most sought-after and valuable coins in the numismatic community.
Pooja XSKhandve
Hello! I am Pooja Khandave, a resident of Betul district of Madhya Pradesh. I have been working as a content writer for the last three years. I have a strong hold on fields like finance, automobile, and technology, and I write on these topics in a simple and effective way. My aim is to make my articles not only informative but also fun to read for the readers. Let's go together on this journey of knowledge!