The Morgan silver dollar CC contains 90% pure silver and 10% copper. The total silver content of the coin is 24 grams. The durability of silver and copper is what makes the coins such great long term investments. They were first minted in the year 1878 to 1904. They were also produced again in the year 1921 for a final production run. An old farmer Lavere Redfield is the famous Morgan silver dollar CC collector of all time.
He slowly collected coins at there original face value of $1. He was a great investor who invested in many different ventures and at the time of his death has over $100 million dollars. His collection of silver dollars was one of his greatest and most profitable investments. After his death his huge collection was sold for over 7 million dollars at auction in the 1970s. Today there value has increased significantly since the 1970s and would be worth many times more than that.
There value has greatly increased over the years from there initial purchase price of $1 but some years are a lot more valuable than others. Depending on how rare and scarce they are. Some of the most popular and valuable Morgan silver dollars CC include coins which have the CC stamp on them. The CC means that they were produced at the Carson City mint during the silver strike.
They were also produced at 4 other mints which include New Orleans, Denver, Philadelphia, and San Francisco. They all contain different stamps to identify which mint they were produced at. The most famous year to own is the 1895 PF-68. In 1895 according to mint records a total of 12000 coins were minted along with 880 proof specimens. To date only 75 – 80 of these coins are left in the world accountable for which is what makes them so valuable.
Where did the rest of them go? Nobody actually seems to know but the 1895 Morgan silver dollar CC has been known to fetch over $120 000 at auction. There are a lot of theories about what happened but many people believe that the coins were not actually minted or they were melted down right after being made and never sold to the public or put into circulation. Do you want to start investing in Morgan silver dollars CC Are you confused by where is the best and safest place to buy them?