1878-CC MORGAN SILVER DOLLAR (GSA)NGC MS63This 1878-CC, was the first year issue from the historic Carson City Mint. Certificated GSA in MS63 NGC. 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. Most of the 1878-CC dollars were released into circulation in and shortly after the year of minting and slipped into the channels of commerce. Fortunately, some of the Uncirculated 1878-CC Morgan Dollars found the way to the U.S. Treasury Vaults where they 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 1878-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.
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.