1880-CC MORGAN SILVER DOLLARNGC MS66This 1880-CC, was struck at the historic Carson City Mint over 138 years ago. Certificated GSA in MS66 by 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. This 1880-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 1880-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.
Some 591,000 Morgan dollars were struck at the Carson City Mint in 1880. However, nearly 100,000 of those did not meet the standards for silver fineness and were melted the following year, leaving a final mintage of 495,000. Fewer of this date survived until the GSA sales, which means it is comparatively harder to find in mint state than some other Carson City issues. There were 17 mint bags, containing 1,000 1880-CC Morgans, discovered in the Treasury Vaults in the 1960's. However, despite the 17,000 1880-CC dated Morgan Dollars certified from the GSA Sale, they still maintain a strong valuation, especially in higher grades. As far as condition goes, most of the certified 1880-CC Silver Dollars are MS-64, bracketed on either side by nearly equal amounts of MS-63 and MS-65 examples. This MS-66 example is at the high end of existing survivors. A small percentage of MS-67 examples have been certified by PCGS, with none finer.
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.
This beautiful, bright white GSA Morgan Dollar is tangible artifact of the year 1880 in America. The national population reached over 50 million people, and Republican, James A. Garfield, was elected President of the United States. It was also the beginning on the construction of the Panama Canal under French auspices. 1880 began a decade that occurred at the core period of the Second Industrial Revolution. The modern city as well as the sky-scraper rose to prominence in this decade as well, contributing to the economic prosperity of the time. The 1880s were also part of the Gilded Age, in the United States, which lasted from 1874 to 1907.