1878-CC $1, PL MS(PCGS#7081)

1878-CC $1, PL MS (PCGS#7081)

February 2025 Showcase Auction - U.S. Coins

Description du lot: The Carson City Mint's initial Morgan dollar mintage was 2,212,000 coins in 1878. Unlike many later CC-Mint Morgans (the 1883-CC and 1884-CC, for example), the 1878-CC saw considerable commercial use at the time of striking. In circulated grades it is among the more obtainable CC-Mint Morgans, with most such examples well worn in grades from Good to Fine. Even so, enough of the mintage was retained in government vaults that releases during the 1950s resulted in a temporary glut of coins in dealers' inventories. As significant as they were, those releases were dwarfed by others featuring the 1882-CC, 1883-CC and 1884-CC beginning in the 1960s. The conditionally challenging nature of the 1878-CC comes to the fore in grades above MS-65. In MS-65+ and MS-66 this issue is scarce by Morgan dollar standards, while with a PL designation it is rare at these levels. This brilliant and fully struck Gem is a find for the discerning Carson City Mint or Morgan dollar specialist.