The Carson City Morgan Dollar stands as a highly sought-after piece within the Morgan Silver Dollar series, which is recognized as the most collected series in the history of the United States Mint! To say that these coins are revered in the collector’s world is an understatement. Minted in Carson City, Nevada, these coins hold both historical significance and intrinsic value, with roots that trace back to the mystique and adventure of the American Wild West of the 1800’s.
Carson City, Nevada, became an important location during the American Wild West era, because of the 49er gold rush and the Comstock Lode. The Carson City Mint was established in 1870 as a response to the massive quantities of silver discovered, and this mint produced a variety of coins including the Seated Liberty Dollars. During its 19 years of operation, the mint created 57 different types of gold coins and 8 different denominations before casing operations in 1893.
All of the coins minted during the operational years of the Carson City Mint have high collectible value, because of the limited years that the mint was in operation. The Carson City Morgan Dollars especially are in high demand, and enjoy consistent and enduring popularity due to their limited supply. In one case, the 1873-CC No Arrows Dime sold in 2012 for $1,880,000! Granted, this dime has only one surviving specimen, but this goes to show how much these Morgan Dollars can appreciate in value over time.
Despite this extreme example, with only 13 coins in the Carson City Morgan Dollar series, completing a starter’s collection is surprisingly achievable for collectors with an average budget. For collectors considering a plan, focusing on the entire 13-coin series is recommended. A complete set, whether of average or above-average quality, offers the thrill of finding unique and historic coins. The flexibility of the collection allows for adjustments based on individual goals and budget considerations (considering coins of an average quality, for example, can make this more financially achievable), making the Carson City Morgan Dollar Collection a great choice no matter what your budget!