1878-CC Morgan Dollar Value
Finest Known: MS67 (NGC) MS67 (PCGS)
Auction Record: $34,500 (MS67)
Image: USA CoinBook
The 1878-CC Morgan dollar was Carson City's contribution to the first year of Morgan dollar coinage. More than 2.2 million 1878-CC Morgans were struck, but the issue remained rare in uncirculated grades until the 1950s.
As many as 200,000 1878-CC Morgan dollars came to light from the late 1940s to the mid 50s, but the mintage was sorely underrepresented in the GSA sales of 1972–1974. Only 60,993 1878-CC Morgan dollars were found among the 2.9 million silver dollars in the hoard. This compares to more than 600,000 each of the 1882-CC,1883-CC, and over 960,000 1884-CC mintages found.
The Value of An 1878-CC Morgan Dollar
Being the first year of issue in an area short of legal tender money, many of the 1878-CC Morgan dollars went into circulation. Mint State 1878-CC Morgan dollars remained rare until banks of the date emerged beginning in 1947 until 1954. The 1878-CC became one of the most common Carson City Morgan dollars in Mint State from the late 1950s until they were absorbed into the market.
Though the 1878-CC holds a special place among Carson City Morgan dollars as the first year of issue, it is not quite as scarce as some of the more famous rarities like the 1889-CC or 1893-CC.
Most survivors are Mint State, from the dispersals in the 1950s. 1878-CC Morgans generally have sharp strikes and a pleasing luster, but are saddled with a large number of bag marks.
1878-CC Morgan Dollar Price Guide
|Very Fine||Extremely Fine||About Uncirculated|
|Mint State 61||Mint State 63||Mint State 65||Auction Record (MS67)|
The information on this page does not constitute an offer to buy or sell the coin(s) referred to. Statistics are for Mint State coins only. Proof and prooflike examples of this issue may have greater or lesser "finest known" and different record auction prices.