The 1879-CC Morgan Dollar is a captivating coin within American numismatic history, especially notable in its Deep Mirror Prooflike (DMPL) variety, graded MS-65 by the Professional Coin Grading Service (PCGS). The “CC” mintmark indicates that this coin was minted at the Carson City Mint in Nevada, which is recognized for producing a smaller quantity of coins compared to other facilities, enhancing the rarity and appeal of this specific piece.
In this article, we will delve into the historical background, significance, and unique characteristics of the 1879-CC Morgan Dollar in DMPL MS-65 condition, while also discussing the elements that contribute to its desirability among collectors.
Historical Context of the Morgan Dollar
Designed by George T. Morgan, the Morgan Dollar series was minted from 1878 until 1904, with a brief resurgence in 1921. This coin was introduced as a result of the Bland-Allison Act of 1878, which required the U.S. government to buy large amounts of silver and mint it into dollars. This initiative aimed to satisfy silver mining interests, particularly in the western states, and to stimulate the economy during a period of financial hardship.
Located near the rich silver mines of Nevada’s Comstock Lode, the Carson City Mint produced fewer coins despite its proximity to silver sources. Its limited operations from 1870 to 1893 contributed to its lower mintage, making Carson City coins, especially Morgan Dollars, highly sought after by collectors.
The 1879-CC Morgan Dollar: Significance and Rarity
Among the numerous Morgan Dollars, the 1879-CC is particularly significant. It was the second year of production for the series, with a total mintage of only 756,000 coins. This relatively low production figure, especially when compared to other years, has established the 1879-CC Morgan Dollar as a key date in the series. Its rarity is further enhanced in specific grades and finishes, particularly the DMPL classification.
The DMPL designation refers to coins that exhibit deeply reflective, mirror-like surfaces on both sides. While not actual proof coins—traditionally struck for collectors—DMPL coins possess qualities that make them resemble proof coins. This mirror-like finish is achieved through the use of highly polished dies, particularly when the die is new. Consequently, DMPL Morgan Dollars are significantly rarer than their non-prooflike counterparts, especially in higher grades.
Graded MS-65, or Mint State 65, signifies a coin in nearly flawless condition, showing only minor imperfections, such as subtle contact marks or slight abrasions not easily visible. An 1879-CC Morgan Dollar graded MS-65 by PCGS with the DMPL designation is exceptionally rare, rendering it a “trophy” piece for serious collectors.
Conclusion
The 1879-CC Morgan Dollar represents not only a significant chapter in American coinage but also embodies the pursuit of numismatic excellence. Its combination of historical context, rarity, and unique characteristics make it a highly coveted item, with a value that can reach $97,995 in the right condition. Collectors continue to seek this remarkable coin, adding to its legacy in the world of numismatics.