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1882-CC Morgan Silver Dollar NGC MS63

Your Price: $258.00
Item Number - :2-0072
1882-CC Morgan Silver Dollar NGC MS63

On December 31, 1970, President Richard Nixon signed legislation authorizing the General services Administration (GSA) to dispose of around 3 million Morgan Silver Dollars. These coins had been held in Treasury vaults for decades, and the government decided to get into the Coin Dealer business! The 'auctions', really just 'mail bid sales', began on October 31, 1972. Five of these mail bid sales were held between that date and June 30, 1974. The sales were moderately successful, but not a 'sell-out'. Finally, in 1980, two final sales were held to finish off the inventory. In total, the 7 sales realized over $94 million for the U.S. Treasury.

The 'slabs' holding the coins in the sale weren't popular at the time. Many were simply cracked out and put into books, tubes, whatever. The result…relatively fewer of the original slabs and boxes survive today.

NGC graded and banded in their original holders with box and papers. The grade is on the band.

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