Rare 1879 Morgan Silver Dollar: The recent unearthing of a long-overlooked 1879 Morgan Silver Dollar has sparked excitement among numismatists worldwide. Hidden for decades within a private estate collection, this historic coin is celebrated not just for its monetary value but also for its fascinating backstory. The 1879 Morgan Silver Dollar is already a sought-after collectible, and its early minting details make it even more desirable for coin enthusiasts.
Key Details of the 1879 Morgan Silver Dollar
| Feature | Description |
|---|---|
| Year | 1879 |
| Designer | George T. Morgan |
| Composition | 90% Silver, 10% Copper |
| Mints | Philadelphia (no mint mark), San Francisco (S), Carson City (CC) |
| Obverse | Lady Liberty with youthful profile |
| Reverse | Eagle with outstretched wings |
| Collector Appeal | Rare varieties, early strike, well-preserved condition |
The Origins of the Morgan Silver Dollar
The Morgan Silver Dollar was first issued in 1878 following the Bland-Allison Act, which required the U.S. Treasury to convert large quantities of silver into coinage. Designed by George T. Morgan, the coin showcased America’s ambition and artistry in the late 19th century. The obverse presents a confident Lady Liberty, while the reverse features a striking eagle symbolizing strength and unity.
By 1879, the Morgan Dollar was still in the early stages of production. Mint officials experimented with dies and struck coins differently across mints, resulting in subtle variations that collectors prize today.
What Makes the 1879 Morgan Silver Dollar Special
The 1879 issue stands out for multiple reasons. Coins were minted in Philadelphia, San Francisco, and Carson City, each offering unique characteristics. Varieties from this year can differ in eagle feather design, reverse patterns, and mint mark placement. These details heavily influence a coin’s rarity and collector value.
Collectors also favor well-preserved examples because many 1879 Morgan Dollars were circulated extensively or melted down. A coin in excellent condition with original luster is now extremely rare, making discoveries like this one particularly significant.
The Journey of the Forgotten Coin
This particular 1879 Morgan Silver Dollar was found tucked away in an old cloth pouch, untouched for decades. It had avoided cleaning and handling that often diminish collectible coins. Experts noted its sharp details, minimal surface imperfections, and natural patina—indicators of a high-grade, unaltered coin.
Rarity, Condition, and Market Demand
In coin collecting, both rarity and condition are crucial for determining value. While millions of Morgan Dollars were minted overall, fewer survive in top condition. The 1879 issue is especially sensitive to grading because early minting sometimes caused weak strikes or minor defects. Coins with strong details and minimal wear attract serious collectors and can command high prices at auction.
Historical Significance of the 1879 Issue
The year 1879 was pivotal in American history, with debates over silver influencing national monetary policy. Owning a Morgan Dollar from this period provides a tangible connection to the post-Civil War era, westward expansion, and industrial growth. Coins from Carson City, in particular, are prized for their association with the silver boom in the American West.
Investment Potential and Collector Appeal
Not every 1879 Morgan Silver Dollar is extremely valuable, but rare varieties in top condition can fetch thousands of dollars. Exceptional coins, especially those with limited production or strong strikes, may reach even higher values. Collectors often view Morgan Dollars as both collectibles and long-term investments, as their popularity and scarcity continue to grow.
Authentication and Preservation
Professional authentication is critical for high-value coins. Grading services assess weight, metal content, strike quality, and surface condition to confirm authenticity. Proper preservation is equally important, with recommendations including archival holders, climate-controlled storage, and minimal handling to maintain value.
Why Collectors Consider It a Treasure
The rediscovered 1879 Morgan Silver Dollar is treasured because it combines historical significance, rarity, and an emotional story. This coin is more than silver; it is a survivor of over a century of change, a testament to history, and a reminder that remarkable finds may still exist in overlooked places.
Final Verdict
The unearthed 1879 Morgan Silver Dollar is a remarkable discovery for collectors. Its combination of historical importance, rarity, and excellent condition makes it a standout among collectible coins. Whether viewed as an investment or a piece of American history, this coin exemplifies why Morgan Dollars remain highly prized.
Disclaimer
This article is for informational purposes only. Coin values fluctuate based on market conditions, condition, rarity, and expert grading. Always consult a professional before buying or selling collectible coins.
