Coin Specifications

Category: Morgan Dollars (1878-1921)
Mint: Carson City
Mintage: 1,133,000
Catalog: KM-110
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $15.24 (4/19/2014)
Diameter: 38.1mm
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1882 CC S$1 MS obverse 1882 CC S$1 MS reverse


  
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Description & Analysis

Collectors owe a debt of gratitude to the General Services Administration sales of the 1970s (ended in 1980) for the dispersal of millions of Mint State CC-mint Morgan dollars. When the price of silver began to rise and silver dollars became worth more than their melt value, the Treasury ceased payments of silver dollars in March 1964. As the Bowers-Borckardt Silver Dollar Encyclopedia explains, although the Carson City Mint had ceased coinage in 1893, it continued to store many millions of CC Morgans until 1899, when about 5 million coins were transferred--mostly to Treasury vaults in Washington, D.C., with some others going to the San Francisco Mint.

All of those CC-mint dollars were promptly forgotten, for decades.

Collector interest in mintmarked coins was spurred, coincidentally, in 1893 by the publication of a small pamphlet by Augustus Heaton called Mint Marks. The book listed "causes of attractiveness" of various mintmarked coins, forever altering the landscape of U.S. numismatics. Collectors became accustomed to collecting coins according to whether they had an S for San Francisco, a D for Dahlonega (and later Denver), a CC, an O for New Orleans, or a C for Charlotte. (Other mint marks--W for West Point, and P for Philadelphia--were many years in the future.)

In the quarter-century from 1910-1935, when the Peace dollar series ended, collector interest had increased in collecting Morgan dollars by mintmark. In the 1940s and 1950s, some dealers obtained quantities of various CC-mintmarked dollars at face value, making a good living reselling the nice ones. (The smallest quantities were those for 1879, 1889, and 1893, presaging the current market conditions of today.) When the Treasury stopped silver dollar payouts in 1964, many thousands of CC Morgan dollars dated from 1880 through 1885, in particular, remained. (The history of the Morgan dollars from four mints over a period of 90 years is a complex one; see Bowers for much more information.)

Of the original mintage of 1,133,000 1882-CC silver dollars, the General Services Administration still held more than 605,000 coins, or about 53.4% of that total.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.

GRADE SUMMARY

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Price Guide

Last Updated: 2/10/2014

Click on a price to see historical prices, comparison charts and trends.

1882 CC S$1 MS
  GVGFVF4045505355586061626364656667686970
Base $ 72.00 79.00 89.00 99.00 103 103 107 110 115 130 205 215 220 265 295 560 1150 7500 47500 - -
$ 115 120 120 130 145 225 235 255 290 390 600 2250 12850 -
1882 CC S$1 MS Prooflike
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - 215 230 240 300 350 725 2200 11000 - - -
$ - - - - - 235 245 270 330 400 800 3950 14000 -
1882 CC S$1 MS Deep Prooflike
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - 230 245 330 485 750 1900 4400 36500 - - -
$ - - - - - 245 265 365 575 1100 2550 6000 - -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 34642
Low Grade: PrAg
Average Grade: 63
High Grade: 67


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
4/22/2014 MS 64   Heritage Auctions Internet Coin Auction Session(2), 131416/Lot# 20854
4/22/2014 AU 58   Heritage Auctions Internet Coin Auction Session(2), 131416/Lot# 20603
4/27/2014 MS 66   Heritage Auctions 2014 April 23 - 27 CSNS US Coin Signature Auction - Chicago Session(3), 1204/Lot# 4716
4/27/2014 MS 65   Heritage Auctions 2014 April 23 - 27 CSNS US Coin Signature Auction - Chicago Session(9), 1204/Lot# 10142
4/27/2014 MS 65   Heritage Auctions 2014 April 23 - 27 CSNS US Coin Signature Auction - Chicago Session(9), 1204/Lot# 12105


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
1/13/2003 NGC MS 65   Heritage Auctions 2003 Orlando, FL. (FUN) Bullet Sale #309, 309/Lot# 1181 $333.50
6/19/2005 NGC MS 64   Teletrade Auction 2054, 2054/Lot# 1719 $231.00
12/11/2011 NGC MS 64   Heritage Auctions Internet Coin Auction Session(2), 131151/Lot# 26274 $207.00
1/29/2012 PCGS MS 64   Goldberg January 29 - February 1, 2012 The Pre-Long Beach Auction, 67/Lot# 823 $228.00
6/17/2012 PCGS MS 64   GreatCollections GreatCollections Coin Auctions 06/17/2012, 27/Lot# 55095 $242.60
7/27/2013 PCGS MS 66   Stack's Bowers The August 2013 Chicago ANA World's Fair of Money , 192/Lot# 30823 $1,075.13
12/22/2013 PCGS MS 66   David Lawrence Rare Coins Internet Auction # 783, 792/Lot# 687 $1,075.00


NGC Registry

NGC Registry Score 1882 CC S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base27227830433636637838138639240943961564265574582011731928448592341175521611
27428631434637037938238839741949762464668577093714242780606810074150400
0000003823883974194976246466857709371424278060681007400
00000038439040342955663365071579510551676363276511091400
1882 CC S$1 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base29530133036339540640941542043947764266772583897412962335471960891361825094
29731034137339840741141642645153265068676288310811642312951758598174430
0000004114164264515326506867628831081164231295175859800
00000041341843246458765870580092811881988392456321110800
1882 CC S$1 MS Deep Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base3303363664044374504534614664875226677058421138138122683447859199972038837801
3323463784154414514554624734985706797509401219167626615161905913460261920
000000455462473498570679750940121916762661516190591346000
0000004584644805106186927961039130019723054687695281692400
Registry Image Gallery
Grade: MS 67*
Points: 7740
Owner: CT's COINS
 
Grade: MS 67
Points: 7604
Owner: CT's COINS
 
View the Registry Image Gallery

Related Articles

NGC Certifies Double Struck Morgan Dollar in GSA Holder

4/1/2006  — NGC recently certified a Double Struck 1882-CC Morgan Dollar, still encapsulated within its GSA holder.
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