The discovery of a rare Morgan Silver Dollar valued at over 120000 in everyday circulation has captivated numismatists and collectors alike. This remarkable find underscores the enduring allure and potential hidden value of historical US coinage.
The Morgan Silver Dollar A Brief Overview
Minted from 1878 to 1904 and once more in 1921 the Morgan Silver Dollar is a cornerstone of American numismatic history. Designed by George T Morgan these coins feature a profile of Lady Liberty on the obverse and a heraldic eagle on the reverse. Their substantial silver content and intricate design have made them a favorite among collectors.
The 120000 Discovery A Closer Look
The coin in question is an 1879CC Carson City Morgan Silver Dollar specifically the Capped Die variety. This particular variant is distinguished by a unique die error where the CC mint mark appears over a previously punched CC creating a distinctive over mintmark. Such anomalies are highly prized in the numismatic community due to their rarity and the intriguing stories behind their creation.
Factors Contributing to the Coins Value
Several elements contribute to the exceptional value of this Morgan Silver Dollar
- Rarity The 1879CC Morgan Dollar had a limited mintage and the Capped Die variety is even scarcer with only a handful known to exist
- Condition The coins preservation is paramount. In this case the specimen was graded MS64+ by the Professional Coin Grading Service PCGS indicating a near flawless condition
- Historical Significance Coins minted at the Carson City Mint are particularly sought after due to the mints storied history and the relatively low number of coins produced there
Recent Auction Highlights
In 2023 an 1879CC Capped Die Morgan Silver Dollar graded MS64+ fetched 120000 at auction highlighting the coins significant market value. This sale underscores the strong demand for high grade rare Morgan Dollars among collectors and investors.
Key Details of the 1879CC Capped Die Morgan Silver Dollar
| Attribute | Details |
|---|---|
| Year | 1879 |
| Mint | Carson City CC |
| Variety | Capped Die Over mintmark |
| Mintage | Limited exact numbers unknown |
| Grade | MS64+ PCGS |
| Auction Price | 120000 2023 |
Implications for Collectors
The discovery of such a valuable coin in circulation serves as a compelling reminder for collectors and the general public to remain vigilant. While the chances are slim valuable coins can occasionally be found in everyday transactions. Regularly checking pocket change and being aware of key dates and mint marks can lead to unexpected and rewarding discoveries.
Conclusion
The serendipitous discovery of a 120000 Morgan Silver Dollar in circulation is a testament to the enduring value and intrigue of numismatic treasures. It highlights the importance of awareness and knowledge in uncovering hidden gems that may be lurking in plain sight.
FAQs
What makes the 1879CC Capped Die Morgan Silver Dollar so valuable
Its rarity exceptional condition and unique over mintmark error contribute to its high value
How can I identify a Capped Die Morgan Silver Dollar
Look for the distinctive over mintmark where the CC appears over another CC creating a doubled effect
Are there other valuable Morgan Silver Dollar varieties
Yes other rare varieties include the 1889CC and 1893S Morgan Dollars especially in high grades
What should I do if I think Ive found a rare coin
Consult a reputable coin dealer or have the coin graded by a professional service like PCGS or NGC
Can valuable coins still be found in circulation today
While rare its possible Regularly checking your change and being knowledgeable about key dates and mint marks can increase your chances
