The 1879-CC Morgan Dollar is one of the most intriguing coins in American numismatic history, particularly in its Deep Mirror Prooflike (DMPL) variety, graded MS-65 by the Professional Coin Grading Service (PCGS). The “CC” mintmark signifies that the coin was produced at the Carson City Mint in Nevada, a facility known for minting a smaller number of coins compared to other mints, which adds to the rarity and allure of this particular piece.
In this essay, we will explore the historical context, significance, and the specific attributes of the 1879-CC Morgan Dollar in DMPL MS-65 condition, while also examining the factors that make it such a coveted collector’s item.
Historical Context of the Morgan Dollar
The Morgan Dollar series, designed by George T. Morgan, was minted from 1878 to 1904, with a brief revival in 1921. The coin was introduced as part of the Bland-Allison Act of 1878, which mandated the U.S. government to purchase large quantities of silver and coin them into dollars.
This was largely a political move to appease silver mining interests, particularly in the western states, and to boost the economy during a period of economic depression.
The Carson City Mint, where the 1879-CC Morgan Dollar was struck, was located near the rich silver mines of Nevada’s Comstock Lode. However, despite its proximity to silver sources, the Carson City Mint produced fewer coins than other mints, partly due to its remote location and relatively short lifespan of operations (1870-1893). This limited production run makes Carson City coins, particularly Morgan Dollars, highly desirable among collectors.
The 1879-CC Morgan Dollar: Significance and Rarity
Among the various Morgan Dollars, the 1879-CC stands out for several reasons. It was the second year of production for the series, and fewer than 1 million were struck that year (756,000 to be exact).
This relatively low mintage compared to other years has contributed to the scarcity of the 1879-CC Morgan Dollar, making it a key date in the series. However, its rarity is magnified in certain grades and finishes, particularly in the Deep Mirror Prooflike (DMPL) category.
The DMPL designation refers to a coin that exhibits deeply reflective, mirror-like surfaces on both sides. These coins are not actual proof coins, which were specially struck for collectors, but they possess qualities that resemble proof coins.
This mirror-like finish is the result of new, highly polished dies striking the coin, usually early in the die’s life. As a result, DMPL Morgan Dollars are much scarcer than their non-prooflike counterparts, especially in higher grades.
The grade of MS-65, or Mint State 65, represents a coin that is in nearly perfect condition with only minor imperfections, such as small contact marks or slight abrasions that are not immediately visible to the naked eye. For an 1879-CC Morgan Dollar to be graded MS-65 by PCGS with the DMPL designation is exceptionally rare, making this coin a “trophy” piece for advanced collectors.
The Appeal of the 1879-CC Morgan Dollar DMPL MS-65
Several factors contribute to the high demand for the 1879-CC Morgan Dollar in DMPL MS-65 condition. These factors include the historical significance of the Carson City Mint, the coin’s rarity, the appeal of its reflective surfaces, and the general allure of high-grade Morgan Dollars among numismatists.
Carson City Mint Legacy
The Carson City Mint’s history is intertwined with the American West and the silver boom, giving its coins a unique place in U.S. coinage history. The “CC” mintmarks has always been a symbol of the Old West, and collectors who value historical context are drawn to coins produced there.
This mintmark represents a time when the United States was expanding westward, silver mining was at its peak, and the U.S. economy was undergoing significant transformations.
Rarity in High Grades
While 756,000 1879-CC Morgan Dollars were struck, very few have survived in MS-65 condition, and even fewer exhibit the deep mirror-like surfaces that earn the DMPL designation. This rarity makes the coin extremely desirable among collectors.
DMPL coins are known for their eye appeal, and in MS-65, the coin’s reflectivity combined with its preservation adds substantial value. According to PCGS population reports, only a small number of 1879-CC Morgan Dollars have been graded MS-65 DMPL, highlighting their scarcity in such premium condition.
The DMPL Designation and Eye Appeal
The DMPL designation adds a level of prestige to the 1879-CC Morgan Dollar. The deeply reflective surfaces on both the obverse and reverse of the coin are what numismatists refer to as “deep mirrors,” and these mirrors can reflect text from a considerable distance.
This mirror-like quality is highly prized among collectors because it dramatically enhances the visual appeal of the coin. On top of that, the contrast between the reflective fields and the frosted devices (raised portions like the Liberty head and eagle) gives the coin a cameo effect, which is usually only found on proof coins.
The combination of the coin’s age, the fact that it was struck at the Carson City Mint, and the rarity of DMPL surfaces make the 1879-CC Morgan Dollar in MS-65 DMPL a true gem in the numismatic world.
Market Value and Collectibility
The market value of an 1879-CC Morgan Dollar in DMPL MS-65 is reflective of its rarity, historical significance, and demand among collectors. Prices for such coins can range significantly, often exceeding tens of thousands of dollars depending on the strength of the DMPL surfaces, eye appeal, and overall condition of the coin.
As of recent auctions, an 1879-CC Morgan Dollar DMPL MS-65 has fetched prices upwards of $40,000 to $60,000 or more, illustrating the high demand for such a rare and beautiful coin.
The 1879-CC Morgan Dollar, particularly in DMPL MS-65, represents not just a piece of currency but a tangible connection to a formative period in American history.
For collectors, owning a high-grade example of this coin is akin to owning a piece of the American West, a testament to the artistry of U.S. coinage, and a symbol of the country’s economic expansion during the late 19th century.
Conclusion
In conclusion, the 1879-CC Morgan Dollar in DMPL MS-65 condition is a highly coveted piece in the world of numismatics, representing a blend of historical significance, rarity, and beauty. Struck at the iconic Carson City Mint, this coin holds a special place in U.S. history, particularly for collectors who value the Old West and the silver boom.
Its deeply reflective surfaces, combined with a high-grade Mint State condition, make it a standout coin in any collection. As demand for rare Morgan Dollars continues to grow, the 1879-CC DMPL MS-65 will likely remain one of the most sought-after coins, both for its aesthetic appeal and its place in the annals of American coinage.
