1881-CC MORGAN $1 - VAM-2 NGC GSA MS65DPLNGC MS65This 1881-CC is GSA certificated by NGC in MS 65 with a Deep Proof-Like finish. The appeal of CC mintmark and demand for Carson City Morgan dollars is greater than any other single minted coin. Carson City dollars will have significantly higher value of coins with equal rarity minted at the Philadelphia, New Orleans, or San Francisco Mints. This 1881-CC Uncirculated Morgan found the way to the U.S. Treasury Vaults where it remained untouched for almost a 100 years until the great GSA sale of the 1970's. In November 1962 collectors were delighted when a great Treasury Hoard of Morgan silver dollars was revealed, when long-sealed federal vaults were opened during a government accounting. The forgotten hoard had been hidden away for many decades, and included around 3,000 mint bags containing 1,000 Carson City Morgan dollars each, resulting in over 2.9 million coins with the coveted CC mintmark including this 1881-CC. After the discovery a plan was made to liquidate the surviving coins. In 1970, Congress authorized the General Services Administration (GSA) to sell the coins, sealed in special GSA holders, through a mail bid auction. Seven GSA sales over 8 years, grossed around $100 million by the conclusion in 1980.
Although a fair number of dies were sent to the Carson City Mint in 1881 for the striking of Morgan silver dollars, it seems that the supply of silver to the fledgling branch mint dried up after the first quarter of the year. This led to a meager production of less than 300,000 silver dollars. Luckily for the collectors of today, nearly half of those coins survived in original bags until the GSA sales.
Morgan Silver Dollars are America's most collected coin, with a rich history that was born out of the old Wild West. These big, beautiful silver dollars conjure up images of cowboys and salon poker games, outlaws and stage coach robberies, casino slot machines and honkytonks of the past. Born out of the rich silver mines of Nevada that turned small mining camps into large bustling cities full of promise and entrepreneurial enterprise. Today, Morgan Dollars are among the most colorful and treasured relics of the old American West. Morgan dollars were minted from 1878 to 1904, and once again in 1921 before retiring as America's most popular coin.
1881, was an historic year in America. The 20th President of the United States, James A. Garfield was shot. Thomas Edison and Alexander Graham Bell form the Oriental Telephone Company. The American Red Cross names Clara Barton president The Tuskegee Institute for black students opens under the tutelage of Booker T. Washington. This 1881 Morgan Silver Dollar was issued the year of the famous gunfight at the O.K. Corral in Tombstone, Arizona with Sheriff Wyatt Earp, his brother Virgil, and Doc Holliday. It was also the same year Sioux chief Sitting Bull surrendered the final group of his tribe to United States troops at Fort Buford, Montana.