{"id":5404,"date":"2021-03-26T17:24:58","date_gmt":"2021-03-26T16:24:58","guid":{"rendered":"https:\/\/thomasnumismatics.com\/actualites\/carson-city-morgan-dollar-the-us-treasure\/"},"modified":"2021-08-05T15:03:20","modified_gmt":"2021-08-05T13:03:20","slug":"carson-city-morgan-dollar-the-us-treasure","status":"publish","type":"actualites","link":"https:\/\/thomasnumismatics.com\/en\/blog\/carson-city-morgan-dollar-the-us-treasure\/","title":{"rendered":"Carson City Morgan Dollar: the US Treasure"},"content":{"rendered":"\n

Are you looking for a Carson City Morgan Dollar? Do you know its history and the reasons why this silver coin became legendary? Let’s take a look back at the political context, the creation of the Carson City mint, and the 1970s historic sales of the General Services Administration (GSA).<\/p>\n\n\n\n

The political and historical context of Carson City Morgan dollars<\/h2><\/h2>\n\n\n\n

Until 1964, the Americans could exchange paper money against a Silver Certificate, which could then be redeemed for silver coins, like the Morgan dollar. This silver certificate system was created in the United States in response to the discontent of the Free Silver movement and to reintroduce silver dollars. This citizens’ rally followed the Coinage Act of 1873, which ended bimetallism by demonetizing silver coinage.<\/p>\n\n\n\n

Silver certificates stopped in 1964. At that time, Americans could only exchange their silver certificates for silver bullion. The U.S. Treasury had approximately 3 million coins left. This stock of old silver dollars was frozen and transferred to the West Point Silver Bullion Depository in New York pending the government’s decision.<\/p>\n\n\n\n

The Carson City Morgan dollar mint<\/h2><\/h2>\n\n\n\n

These silver coins were primarily minted in the Carson City workshop, an annex of the United States Mint located in Nevada. The mint was located near Comstock Lode, the legendary silver mine of the Wild West.<\/p>\n\n\n\n

\"Dollar
\u00a9picryl by Historic American Buildings Survey<\/figcaption><\/figure><\/div>\n\n\n\n

Established in 1863 during the height of the silver boom, but only operational from 1870 on, it operated until 1893. The silver coins were not really released as legal tender, but they rather resulted from political pressure of the Nevada silver mines\u2019 owners.<\/p>\n\n\n\n

The U.S. Treasury purchased millions of dollars of silver per month from the mine owners. They constituted large cash reserves.<\/p>\n\n\n\n

The Carson City Nevada Mint produced 50 silver coinage and 57 golf coinage for 23 years, including the superb Morgan dollars, the most sought-after coins for worldwide numismatists. These coins were named after their engraver, Charles T. Morgan and bear the CC mint marks. The first Morgan Dollars minted in Carson City date back to 1878.<\/p>\n\n\n\n

Here are the details of the coins minted in Carson City and their years of production.<\/p>\n\n\n\n

Carson City silver coins<\/h3><\/h3>\n\n\n\n