In 1879, greedy miners and railroad magnates conspired to make it cheaper to ship silver from the Comstock Lode to the San Francisco Mint for coinage, rather than depositing the bullion at the nearby Carson City facility. These actions resulted in a severe shortage of bullion at the Nevada coinage factory. Accordingly, the Carson City Mint struck a small mintage of just 756,000 Morgan dollars in 1879, before suspending production on February 26. Some coins were released into circulation over the years, and many of the coins in government storage were probably melted in 1918, when the Pittman Act took effect. The 1879-CC was not as well represented as some other issues in the GSA sales of the 1970s. Today, the 1879-CC is the second-rarest Morgan dollar from the Carson City Mint.
$14,500 in PCGS price guide.
Offered at $12,495
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