1883-CC Morgan Dollar GSA MS64 NGC
Exploring the 1883-CC Morgan Dollar GSA MS64 NGC
Introduction
The 1883-CC Morgan Dollar is a prized piece among numismatists and coin collectors alike. Minted in Carson City, Nevada, this particular coin is a part of American history that holds both aesthetic and investment value. In this blog post, we will delve into the details of why the 1883-CC Morgan Dollar in GSA MS64 NGC condition is such a coveted treasure.
Historical Background
The Morgan Dollar series, named after its designer George T. Morgan, was minted from 1878 to 1921. The Carson City mint, represented by the “CC” mint mark, was operational from 1870 to 1893 and produced some of the most sought-after silver dollars in U.S. history. The 1883-CC Morgan Dollar is especially notable due to its relatively low mintage and the unique story of its survival through the General Services Administration (GSA) sales in the 1970s.
The GSA Hoard
In the early 1970s, the U.S. government discovered a large hoard of uncirculated silver dollars, many from the Carson City mint, in Treasury vaults. These coins were sold to the public by the GSA in specially designed holders, which have since become a mark of authenticity and desirability. Among these, the 1882-CC Morgan Dollar stands out for its exceptional condition and historical significance.
Grading and Certification
Grading plays a crucial role in determining the value of a coin. The Sheldon Scale, which ranges from 1 to 70, is the standard for grading. An MS64 grade signifies a coin that is Mint State with only slight imperfections and an above-average strike. The 1883-CC Morgan Dollar in this condition comes encapsulated in a holder from the Numismatic Guaranty Corporation (NGC), one of the most reputable grading services. The GSA designation adds an additional layer of prestige, affirming the coin’s provenance.
Market Value
The market value of an 1883-CC Morgan Dollar GSA MS64 NGC can vary, but these coins generally fetch a premium price due to their rarity and condition. Collectors and investors are often willing to pay a higher price for such coins, knowing that they are acquiring a piece with both historical significance and intrinsic value. The GSA provenance further enhances its appeal, making it a sound investment for the discerning collector.
Conclusion
The 1883-CC Morgan Dollar GSA MS64 NGC is more than just a coin; it is a tangible piece of history that offers insight into America’s past. Its rarity, coupled with its exceptional condition and the story of the GSA hoard, makes it a highly sought-after collectible. Whether you are a seasoned numismatist or a novice collector, acquiring an 1883-CC Morgan Dollar in this condition is undoubtedly a valuable addition to any collection.
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