These Morgan Silver Dollars are from one of the most significant silver dollar hoards ever, a massive hoard of more than 2 million coins accumulated by a collector in Florida. Each of these coins originated in Government Services Administration (GSA) releases from 1972 to 1980, and comes in the original holder, with a blue wraparound label that features the date and coveted “CC” mint mark from the Carson City Mint. This offer features a three-piece set with three different dates-1882, 1883, and 1884!
The great Treasury Hoard began in the early 1960s when word leaked out that some ultra-rare dates were being found in bags of coins being distributed at face value to the public-causing a frenzy that was epitomized by long lines of collectors and dealers that wrapped around the Treasury Building. More than 152 million Morgan Silver Dollars were distributed before public distribution was shut down in March of 1965 at which time an audit of the remaining 28 million coins was taken. That audit showed that of the remaining coins, 2.9 million were Carson City-struck Morgans-which led to a powder keg of excitement among collectors.
Because the government wanted to avoid the chaos that engulfed the first distribution, a plan was devised to distribute these very special coins in such a way that provided equal opportunity to everyone who wanted one, using a mail system, with minimum prices and buying limits. The GSA launched the first sale of Carson City Morgan Silver Dollars on October 31, 1972, the first of seven sales between 1972 and 1980. And THAT’S where these 90% silver Carson City Morgans come from! Each was carefully and quietly amassed by a Florida collector and now they’re being made available to eager collectors who missed out on the Treasury Hoard and GSA sales all those decades ago!
8 сен 2024
