The Morgan Silver Dollar is today one of the most popular collector coins. First minted in 1878 following the passage of the Bland-Allison Act, the new dollar was named after its designer, United States Mint Engraver George T. Morgan.
Throughout much of the 19th century, silver mining companies in western states were amongst the nation’s most powerful interests and provided the impetus behind Bland-Allison.
Under the new law, the Treasury Department was required to purchase $2 to $4 million worth of silver every month and mint it into dollar coins, in the quest to stabilize the price of silver at superficially high levels.
This plan led to quantities of silver dollars so large that they far exceeded the demand, resulting in millions of unused dollars piling up in bank and Treasury vaults, where many of them remained far into the 20th century.(1)
This explains why there are enough Morgan dollars today to meet the incredible collector demand, and of that, examples bearing the “CC” mintmark tend to appeal most to Morgan aficionados.(2)
Although actively sought by coin enthusiasts, the lion’s share of Morgans performed only moderately in our price trend survey. The 1878-CC is one of a handful of Morgan dollars that deservedly placed on the Key Date List of recommendations.
Please Note: For the Morgan dollar price trend survey, only grades F-12, VF-20, EF-40, AU-50, and MS-60 were analyzed. Higher grades, Prooflike (PL), and Deep Mirror Prooflike (DMPL) were omitted because in these conditions, even rather ordinary Morgan dates can attain astronomical values, that could easily skew results. The goal of the survey is to identify coins demonstrating superior price trend histories, regardless of grade.
|Estimated survivors in all grades: 303,125
? The survivor estimate from PCGS represents an average of one or more experts' opinions as to how many examples survive of a particular coin in all grades. Survival estimates include coins that are raw, certified by PCGS, and certified by other grading services.
Learn more at PCGS.
|PCGS Rarity Scale: 1.7
? The 'PCGS CoinFacts Rarity Scale' assesses the relative rarity of all U.S. coins, based on estimated surviving examples. The scale runs from 1.0 to 10.0. The higher the number, the rarer the coin.
Learn more at PCGS.
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|Trendline Avg = 15.47||GOOD|
Historic Value Trend Charts:
|Last updated 9-4-23||Return to Key Date Coin List|
|Compare to Common Date Coin of Same Type|
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