Silver Dollar Blog - 1879 Silver Dollar

Oct 12, 2011

1879 silver dollar1879 Silver Dollar

Mintage Circulation strikes: 14,806,000
Proofs: 1,100
There is no mint mark on the coin which means it was minted in Philadelphia.

Varieties of the 1879 Silver Dollar:
CC Mint has two varieties one has a doubled "CC" mint mark known as the 1879-CC "Capped Die" and the other variety has a clear "CC"

1879-CC Silver Dollar
Mintage Circulation strikes: 756,000
Proofs: 0
Minted in Carson City – CC

1879-S Silver Dollar
Mintage Circulation Strikes: 9,110,000
Proofs: 0
Minted in San Francisco - S  

1879-O Silver Dollar
Mintage Circulation strikes: 2,887,000
Proofs: est. 12
Minted in New Orleans

Random Fact of 1879

New Orleans mint was in operation from 1838-1861, but it was closed during the American Civil War which lasted from 1861-1865 and during the reconstruction. It didn't open up again until 1879 closing its doors for good in 1909. During its time in history the New Orleans mint produced over 427 million silver and gold coins. The most common produced by the New Orleans Mint was the Morgan Silver Dollar. 

In 1861 the US government suspended specie payments. A specie payment is when you trade paper currency for a gold coin.  They suspended these specie payments during the civil war because the government didn't want to use up all the reserves of gold and silver. Come 1862 the greenback was issued a legal-tender note. On January 1st, 1879 the Specie Resumption Act takes place where you can trade a greenback for gold. Folks felt their greenback were as good as gold. 

 Image credit goes to coinforgeryebay


 



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