During an estate cleanout in Reno, Nevada, a rare 1889-CC Morgan Silver Dollar was discovered in the bottom drawer of a century-old roll-top desk. Housed in an antique holder, the coin showed minimal signs of wear and later sold at auction for $130,000. As one of the most sought-after key dates in the Morgan series, this discovery thrilled the numismatic world and served as a reminder that coin treasures can still be found in the most unexpected places.
What Is a Morgan Silver Dollar?
The Morgan Silver Dollar was minted from 1878 to 1904, and again in 1921, and it remains one of the most iconic and widely collected U.S. coins. Named after its designer, George T. Morgan, the obverse features Lady Liberty in profile, while the reverse displays an American eagle with outstretched wings.
These coins were produced in Philadelphia, New Orleans, Carson City, San Francisco, and later Denver, and they contain 90% silver and 10% copper, weighing 26.73 grams with a diameter of 38.1 mm. They were struck by the U.S. Mint, with many now being cherished as historic and investment-grade pieces.
Why the 1889-CC Morgan Is So Valuable
The 1889-CC Morgan Silver Dollar is one of the most coveted key dates due to its extremely low mintage — only 350,000 coins were struck at the Carson City Mint, and far fewer survive in high grades.
The example found in Reno was graded MS63 by PCGS, and its attributes included:
- Strong strike and natural toning
- No signs of cleaning or surface damage
- Prominent “CC” mintmark below the eagle on the reverse
- Well-preserved luster and original surfaces
Such coins, especially from Carson City, are sought after not just for rarity but for their connection to the Old West and silver mining history.
Morgan Silver Dollar Value Chart
Here’s a quick breakdown of Morgan Silver Dollar values by type and condition:
| Date & Mint | Grade | Estimated Value |
|---|---|---|
| 1889-CC | MS63 | $90,000 – $130,000 |
| 1881-S | MS65 | $250 – $400 |
| 1893-S | VF30 | $12,000 – $18,000 |
| 1895 (Proof Only) | PR63 | $60,000 – $80,000 |
| 1921 (Common) | AU50 | $35 – $55 |
High-grade examples, low-mintage years, and proof issues are among the most valuable.
How to Identify Authentic Morgan Silver Dollars
Genuine Morgans are easy to identify with a little practice. Look for:
- Liberty Head with cap and wheat stalks on the obverse
- Eagle with outspread wings and arrows/olive branch on the reverse
- A mintmark below the wreath (none = Philadelphia; S = San Francisco; O = New Orleans; CC = Carson City; D = Denver in 1921)
- Reeded edges and 90% silver content
- Weight around 26.73g
If authenticity is in doubt, have the coin certified by a trusted grading service like PCGS or NGC.
Why Collectors Love Morgan Dollars
Morgan Silver Dollars combine artistry, history, and investment appeal. Collectors appreciate them for:
- Their rich detail and iconic design
- A connection to American frontier history
- Varied rarity across dates and mints
- Strong silver bullion content and market value
- Legacy as one of the longest-standing U.S. silver coins
The series is so diverse that it accommodates both entry-level and high-end collectors alike.
Conclusion
The 1889-CC Morgan Silver Dollar pulled from a desk drawer is the kind of story that fuels the passion of coin collectors everywhere. With rarity, historic roots, and impressive value, Morgan dollars remain among the most desired U.S. coins on the market. Whether passed down through generations or hiding in your own home, these silver giants are well worth a second look.
FAQs
What is the rarest Morgan Silver Dollar?
The 1893-S Morgan Silver Dollar is considered the rarest regular-issue coin, especially in uncirculated grades.
Are Morgan Dollars made of pure silver?
No, Morgan dollars are 90% silver and 10% copper, with a silver content of 0.77344 troy ounces.
How can I tell if a Morgan Dollar is valuable?
Look at the mintmark, year, and grade. Rare years like 1889-CC or 1895, and coins graded MS63+ can be worth thousands.