The Impressive 1883 CC Silver Dollar and The 1884 CC Morgan Silver Dollar Occupy A Special Place In U.S. History!
The journey of this 1883 cc silver dollar and the 1884 cc Morgan silver dollar began with prospectors searching and searching the mountains in Nevada and finding mineable amounts of silver. As a result, Virginia City sprang up and more prospectors flocked to the area. There were hints of the mother lode of silver, so in the 1850’s, the prospectors went on another search and found a small vein of silver. As they mined deeper, they discovered the vein to be as large as the mountain itself. This find was named the Comstock Lode and produced as much as $8,000,000 worth of silver each month. This actually ended up driving down the silver prices around the world. There was also a policy of Free Coinage of Silver, which allowed any citizen to bring as much silver as they wanted, to the Mint and the government had to strike the silver into coins.
There were many in Congress who wanted to put a halt to the Free Coinage, but Congress ended up passing higher tariffs and a law that would force the Mint to produce millions of silver dollars each month. To comply with this new law, the Carson City Mint was built in 1878, which was a hop, skip and a jump away from the silver mines and a new silver dollar was designed and produced—the 1883 cc silver dollar and the 1884 cc Morgan silver dollar. However, the Carson Mint was small and did not produce large numbers of silver dollars. Eventually, the amount of silver from the Comstock Lode slowed down to a minimum and negated the need for a Mint in the area. In 1893 the Carson City Mint closed its doors for good.
All the Carson City Mint Morgan dollars are highly collectible, due to the low mintage numbers and the distinct “cc” mint mark—the only double letter mint mark of its kind in America’s history. This mark can be found beneath the eagle, on the reverse of the coin. The spectacular 1883 cc silver dollar and the 1884 cc Morgan silver dollar are superbly-struck in .900 fine silver, with remarkable luster. What makes these two coins even rarer is that they are in Brilliant Uncirculated condition. Many of the Morgan dollars from the Carson City Mint were immediately released into circulation and 90% to 95%, of all Morgan dollars minted, were melted down, due to the Pittman Act of WW1. What a wild and illustrious history the rare 1883 cc silver dollar and the 1884 cc Morgan silver dollar share, bearing breathtaking detail and design, sure to enhance any investment portfolio or collection!
To Coin A Phrase…Of The Morgan Dollars For Sale, This 1900 Silver Dollar Is Purely Dazzling!
Talk about a real Cinderella story! It wasn’t until the 1960’s that the Morgan silver dollar, which prior to this date, was mostly ignored by the public, gradually became one of the most coveted and sought after of all the United States coins. In the autumn of 1962, there was a world-wide increase in the price of silver and a good many silver certificates were redeemed for Morgan dollars and the demand for them was very intense. Dealers, collectors and investors alike were scooping up all the Morgan dollars for sale that they were able. By March of 1964, the vaults of the Treasury were all but exhausted, with the exception of only 2.9 million Morgans, primarily exhibiting the scarce Carson City mint mark. These coins were sold by the General Services Administration, in a series of mail-bid sales from 1972 until 1980, making a large profit.
The year is 1900, with such exciting events such as: the United States and the United Kingdom signed a treaty for the Panama Canal, the first electric bus became operational in New York City and Hawaii officially became a U.S. territory. Also at that time, most Americans would rather use paper currency in place of those large, heavy silver Morgan dollars, which meant that many of these coins landed right in the Treasury Department’s vaults.
The 1900 silver dollar being offered today was struck at the Philadelphia Mint, which is the main mint that prepared the obverse and the reverse dies. Coins struck at the Philadelphia Mint do not actually have a mint mark, thus, when used, the “P” is for identification purposes only, in order to differentiate between the other Mints. This lustrous Morgan silver dollar has been graded as a Mint State 64, Gem Brilliant Uncirculated condition, by a third-party grading service and is an absolutely beautiful example of the Morgan dollars for sale. This turn of the century Morgan was struck in .900 pure silver, with an impressive diameter of 38.1. Exceptional in design and steeped in historical significance, this outstanding 1900-P Morgan silver dollar would not only be a wise investment, but also an asset to any collection!
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