The 1873-CC Seated Liberty Silver Dollar is one of the most sought-after coins among collectors. Its unique history and rarity make it a prized piece in numismatic circles. The coin was minted at the Carson City Mint (hence, “CC”), which adds to its allure. Due to various factors like a low mintage and the melting of many coins over the years, finding an 1873-CC Seated Liberty Silver Dollar in good condition is extremely rare. Let’s explore its background, value, and what makes this coin special.
History of the 1873-CC Seated Liberty Silver Dollar
The 1873-CC Seated Liberty Silver Dollar was produced during a period of economic transition in the United States. Here are some key historical aspects:
- Mint Location: The coin was minted in Carson City, Nevada, which is why it carries the “CC” mint mark.
- Low Mintage: Only around 2,300 coins were produced, making it one of the lowest mintages of the Seated Liberty Dollar series.
- Economic Shift: The coin was minted during a time when the U.S. was moving towards a gold standard, and silver dollars were being phased out.
Design of the 1873-CC Seated Liberty Silver Dollar
The design of this coin is another reason collectors love it. Here’s what makes the design stand out:
- Obverse (Front Side): Features Lady Liberty seated on a rock, holding a shield in one hand and a liberty cap on a pole in the other.
- Reverse (Back Side): Displays an eagle with outspread wings, holding arrows and an olive branch, symbolizing both readiness for war and the desire for peace.
- Mint Mark: The “CC” mint mark appears below the eagle, indicating its origin from the Carson City Mint.
Why Is the 1873-CC Seated Liberty Silver Dollar So Rare?
The rarity of this coin can be attributed to several factors:
- Low Mintage Numbers: With only around 2,300 coins minted, it was scarce from the start.
- Melting of Coins: Many coins were melted down when the U.S. transitioned to a gold standard, further reducing the number of coins in existence.
- Condition: Most surviving coins are in poor condition, making high-grade specimens extremely valuable.
Value of the 1873-CC Seated Liberty Silver Dollar
The value of an 1873-CC Seated Liberty Silver Dollar can vary greatly based on its condition and grade. Here’s a general breakdown:
- Low-Grade Condition: Coins in poor or heavily circulated condition might sell for $10,000 to $20,000.
- Mid-Grade Condition: A coin in a moderate grade, such as VF (Very Fine), can be worth $50,000 to $100,000.
- High-Grade Condition: An uncirculated or mint condition coin can fetch over $500,000, with some examples even reaching the million-dollar mark at auctions.
Collecting the 1873-CC Seated Liberty Silver Dollar
If you’re interested in collecting this rare coin, here are some tips:
- Check for Authenticity: Due to its value, counterfeit coins are common. Make sure to purchase from reputable dealers.
- Grading Is Key: The coin’s grade has a huge impact on its value, so it’s worth getting a professional appraisal.
- Storage: Store the coin in a temperature-controlled environment to prevent damage, and consider using protective cases.
Conclusion
The 1873-CC Seated Liberty Silver Dollar is a piece of American history, reflecting a time of economic change and the growth of the nation. Its rarity, low mintage, and the fact that many were melted make it a true treasure for coin collectors. Owning one is like holding a piece of history that has survived over a century. If you’re lucky enough to find one, it could be a valuable addition to your collection and a great investment.
FAQ’s
1. How can I tell if my 1873-CC Seated Liberty Silver Dollar is real?
To verify authenticity, have your coin graded by a professional service like PCGS or NGC. Look for key details like the “CC” mint mark and check for signs of wear that match its age.
2. What makes the 1873-CC Seated Liberty Silver Dollar so valuable?
Its value comes from a combination of rarity, historical significance, low mintage, and the fact that many were melted down, making surviving coins very scarce.
3. Can I find an 1873-CC Seated Liberty Silver Dollar at a local coin shop?
While it’s possible, it’s unlikely due to the coin’s rarity. Most often, these coins are sold through specialized auctions or from well-established dealers.
4. How much does an 1873-CC Seated Liberty Silver Dollar weigh?
The coin weighs approximately 26.73 grams, which is typical for silver dollars of this era.
5. Is it worth investing in an 1873-CC Seated Liberty Silver Dollar?
Yes, if you can find a genuine and well-preserved coin, it can be a great investment due to its historical importance and potential to appreciate over time.