1889-CC $1 MS63 PCGS. Judging by the mintage, the 1889-CC would not appear to be the rarest C...

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Snow-White Select Uncirculated 1889-CC Morgan Dollar

1889-CC $1 MS63 PCGS. Judging by the mintage, the 1889-CC would not appear to be the rarest Carson City Morgan dollar. After all, the 1881-CC and the 1885-CC both have lower mintages. However, while the latter two issues were released in vast quantities as part of the GSA hoard during the 1970s, only a single 1889-CC dollar participated in those sales. Virtually all the entire mintage either went directly into circulation, or met the furnaces to fulfill the demands of the Pittman Act, that caused the melting of over 270 million silver dollars.
One reason for the low mintage of the 1889-CC dollar, other than the millions of San Francisco Mint dollars already stored unwanted in Treasury vaults, was that the Carson City Mint closed in 1885, and did not reopen until 1889. Silver dollars were struck there for only part of the year. These subsequently circulated extensively, and many survivors are now in VF and lower grades. XF and AU examples are scarce, and in extremely high demand from collectors. Uncirculated 1889-CC dollars are very rare by the standards of the series, with the great majority of these in bagmarked, lower-end Uncirculated grades. At the Select level, however, this issue is highly elusive.
The present piece is well struck and has pleasing semi-reflective luster as the coin is viewed at different angles. The unusually clean surfaces easily confirm the quality implied by its grade, and both sides exhibit a snow-white, fully brilliant appearance. This impressive key date Morgan dollar will be the centerpiece of any high grade collection. Population: 81 in 63, 30 finer (6/06).
From The Chicago-Ark Collection.(Registry values: P9, N4719)

Coin Index Numbers: (NGC ID# 2559, PCGS# 7190, GSID# 7554)

Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.85oz
Mintage: 350,000

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