Imagine finding a coin worth $120,000 in your everyday pocket change! That’s exactly what happened with a rare Morgan Silver Dollar. This incredible discovery has collectors and numismatists buzzing with excitement. Let’s explore why this coin is so special and how you could potentially find valuable treasures, too.
What Is the Morgan Silver Dollar?
The Morgan Silver Dollar, minted between 1878 and 1904, and again in 1921, is one of America’s most iconic coins. Designed by George T. Morgan, the coin features a beautiful image of Lady Liberty on one side and a majestic heraldic eagle on the other.
These coins are popular with collectors due to their:
- High silver content
- Intricate design
- Historical significance
What Makes the $120,000 Coin Unique?
This particular coin is an 1879-CC Morgan Silver Dollar, known as the Capped Die variety. Here’s why it stands out:
- Rarity
This coin has a unique over mintmark error, where the “CC” (Carson City Mint mark) was punched twice, creating a fascinating anomaly. Such errors are extremely rare and highly valued. - Condition
The coin was graded MS64+ by the Professional Coin Grading Service (PCGS), meaning it’s in near-perfect condition. High-grade coins fetch significantly higher prices. - Historical Connection
Coins minted at the Carson City Mint are highly sought after because this mint produced fewer coins compared to others and has a rich history.
Auction Highlights
In 2023, this 1879-CC Capped Die Morgan Silver Dollar sold for an astounding $120,000 at auction. This sale reflects the high demand for rare and pristine Morgan Dollars among collectors and investors.
Key Details of the $120,000 Coin
| Attribute | Details |
|---|---|
| Year | 1879 |
| Mint | Carson City (CC) |
| Variety | Capped Die Over Mintmark |
| Grade | MS64+ (PCGS) |
| Auction Price | $120,000 (2023) |
Conclusion
The $120,000 Morgan Silver Dollar is more than a coin—it’s a piece of history and a lesson in the hidden value of everyday items. Whether you’re a collector or just curious, staying informed and observant can help you uncover treasures that might be right under your nose.
FAQ’s
What makes the 1879-CC Morgan Silver Dollar so rare?
Its unique over mintmark error and low mintage make it highly collectible.
How can I spot valuable coins in circulation?
Look for key dates, mint marks, and any design errors or anomalies.
What’s the best way to store rare coins?
Use coin holders or albums and keep them in a dry, temperature-controlled environment.