1885-CC GSA HOARD Other - Morgan Silver Dollar
Although a fair number of dies were sent to the Carson City Mint in 1885 for the striking of Morgan silver dollars, it seems that the supply of silver to the fledgling branch mint dried up after the first quarter of the year. This led to a meager production of less than 300,000 silver dollars. Luckily for the collectors of today, nearly half of those coins survived in original bags until the GSA sales. To show what a huge affect this had on the number of survivors, one need only look at a coin with a slightly large mintage, the 1893-O.
This 1885-CC Morgan Dollar has been placed in a protective holder. The Morgan Silver Dollar is named after its designer George T. Morgan and was minted from 1878 to 1904 and again 1921. These iconic silver coins continue to be one of the most popular coins to collect in the United States.
This coin is in uncirculated state being that it was kept in a safe at Carson City when the American dollar had the silver standard. The Silver standard is when every U.S. dollar was backed by a dollar's worth of silver, giving the paper itself value. When America dropped their silver standard, these Morgan dollars were taken from the safe and sold at auction. Making a wonderful little time capsule for today's consumer.
Coin Specifications:
- Face Value of $1, backed by the U.S. Government
- Designed by George T. Morgan
- Mint/Mint Mark: Morgan Dollars were minted in Carson City (CC), San Francisco (S), Denver (D) and Philadelphia (No Mint Mark)
- Obverse: Profile of Liberty wearing a Phrygian cap with the word "Liberty" on her hair band, bordered by "E Pluribus Unum," the date of issue and thirteen small stars representing the original colonies.
- Reverse: Features a bald eagle clutching an olive branch and a bundle of arrows, surrounded by "United States of America," "One Dollar," and "In God We Trust."
- Edge Type: Reeded
- Actual Metal Type and Content: 0.7734 Troy Ounce of .900 Fine Silver
- Weight: 26.73 grams
- Brand: U.S. Mint
*Images are of actual coin you will receive.
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