1879 CC $1 Morgan Silver Dollar NGC MS62 GSA Hoard Box & COA Rare

Product Description

An 1879 Carson City (CC) Morgan Silver Dollar graded MS-62 by NGC from the GSA Hoard in it's original box and paper. This piece is a rare example of early Carson City silver dollars encased in U.S. government issued GSA holders. The coin you are looking at displays a vibrant white original luster and a nice sharp strike. Many contact marks on the obverse make this piece an MS-62, however the eye appeal is strong. This piece would make an excellent addition to any silver dollar collection. Please view our photos for additional information. The total mintage for this date & mintmark: 756,000. Furthermore, this piece has a total population in GSA Holders at 4,100 and in MS-62 the total population is ONLY 230! (The # 4,100 refers to all pieces dated 1879 CC in GSA Holders) (The # 230 refers to all graded pieces in MS-62 and ignores the grading company)

Morgan Dollars are silver dollars that were minted from 1878-1904, and resumed again in 1921 for that year only. They were the first standardized silver dollars following the production of the Seated Liberty pattern which ended in 1873 due to the Coinage Act of 1873. The Coinage Act of 1873 outlawed all holders of silver bullion to strike their silver into legal tender. In 1878, the Grand Bland Plan otherwise referred to as the ‘Bland-Allison Act’, was enacted to restore the silver dollar. The bill required the US Treasury Department to purchase between 2-4 million dollars worth of silver bullion and coin them into silver dollars. The fineness of these silver dollars became standardized at 412.5 grains of .900 fine silver, .100 copper, a net weight of .77344 ounces pure silver, and a total weight of 26.73 grams ( 0.942873 oz.) Morgan Dollars as they became known, were designed and named after by the United States Mint assistant engraver George T. Morgan. Morgan’s design featured a profiled bust of Liberty on the obverse and an eagle with outstretched wings on the reverse. Furthermore, dates were struck below the bust of liberty and mint marks (when present) are below the wreath on the reverse. George T. Morgan’s last initial (M) can be found at the truncation of the neck. His last initial (M) is also found on the reverse on the left hand loop of the ribbon.