Forgotten 1879 Morgan Silver: The recent discovery of a long-forgotten 1879 Morgan Silver Dollar has captured the attention of coin collectors worldwide. Hidden for decades in an old estate collection, this historic silver dollar is celebrated not only for its monetary worth but also for the story it carries. The Morgan Silver Dollar series is already legendary, and the 1879 issue is particularly prized due to its early production, subtle design variations, and historical significance in American coinage.
Overview of 1879 Morgan Silver Dollar Varieties and Values
| Mint | Variety | Key Feature | Estimated Morgan Dollar Value |
|---|---|---|---|
| Philadelphia (P) | Standard Strike | Early Morgan design, common | $50 – $500 |
| San Francisco (S) | Early Strike | Stronger detail, sharper strikes | $200 – $2,000 |
| Carson City (CC) | Carson City Mint | Limited mintage, western silver association | $1,500 – $15,000+ |
| Philadelphia (P) | Weak Strike | Minor die flaws, less detail | $50 – $300 |
| San Francisco (S) | Rare Die Variety | Differences in reverse eagle feathers | $500 – $3,000 |
| Carson City (CC) | High-Grade Examples | Original luster preserved | $3,000 – $20,000+ |
The Birth of the Morgan Silver Dollar
Introduced in 1878 following the Bland-Allison Act, the Morgan Silver Dollar was created to convert large amounts of silver into circulating coinage. Designed by George T. Morgan, the coin features a youthful Lady Liberty on the obverse and a powerful eagle with outstretched wings on the reverse. By 1879, mint officials were still refining techniques, and slight variations in dies, strikes, and mint marks make coins from this year particularly interesting to collectors.
Why the 1879 Morgan Silver Dollar is Special
Several factors make the 1879 Morgan Silver Dollar stand out. Coins were minted in Philadelphia, San Francisco, and Carson City, each exhibiting unique characteristics. Subtle differences in reverse designs, eagle feather details, and mint mark placement can greatly influence collector interest and value. Well-preserved examples are increasingly rare, as many coins were circulated extensively or melted down over the decades.
The Story of the Forgotten Coin
This recently unearthed 1879 Morgan Silver Dollar was found among a late relative’s estate. Preserved in a small cloth pouch and largely untouched, it avoided the cleaning or handling that often reduce a coin’s value. Experts noted its sharp details, minimal surface marks, and natural patina, indicating it may have been set aside shortly after minting and forgotten for generations.
Rarity, Condition, and Collector Demand
In numismatics, rarity and condition are closely connected in determining value. Although millions of Morgan Silver Dollars were minted overall, far fewer survive in high-grade condition. Coins with clear detail, minimal wear, and original surfaces are highly sought after. Professional grading verifies authenticity and ensures accurate valuation.
Historical Importance of the 1879 Issue
The year 1879 was a pivotal period in American monetary history. Debates over silver and the nation’s economic policies were shaping coinage, and the Morgan Dollar became a tangible representation of these discussions. Coins from Carson City are especially prized for their connection to the silver boom and western expansion.
Market Value and Investment Potential
Not every 1879 Morgan Silver Dollar commands high prices, but rare varieties, early strikes, and high-grade examples can fetch thousands of dollars. Collectors view these coins both as historical artifacts and as investment assets. The popularity of Morgan Dollars remains steady, and high-quality 1879 coins are increasingly scarce.
How Collectors Authenticate and Preserve Morgan Dollars
Professional grading services examine weight, metal composition, strike quality, and surface details to confirm authenticity. Proper storage in climate-controlled environments and archival holders is recommended to preserve value. Even minor mishandling or cleaning can significantly reduce a coin’s worth.
Why Collectors Consider It a Treasure
Collectors prize coins like this forgotten 1879 Morgan Silver Dollar because they combine history, rarity, and human connection. It is more than a silver dollar—it is a tangible piece of post-Civil War America and a link to the country’s expansion and industrial growth. The excitement of discovering such treasures in everyday settings keeps the hobby vibrant.
Final Verdict
The 1879 Morgan Silver Dollar demonstrates the enduring appeal of rare coins. Its combination of historical significance, collector demand, and remarkable preservation makes it a standout in the Morgan Dollar series. Whether valued for its investment potential or its connection to American history, this coin is a reminder that extraordinary discoveries can still emerge from ordinary collections.
Disclaimer
This article is for informational purposes only and does not constitute financial, investment, or appraisal advice. Coin values can fluctuate over time. Professional evaluation is recommended before buying, selling, or insuring any collectible Morgan Silver Dollar.
