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Lot
3821

1889-CC $1 AU58 PCGS....

2013 March 21 -22 & 24 US Coin Signature Auction - Dallas #1183

 
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Auction Ended On: Mar 22, 2013
Item Activity: 13 Internet/mail/phone bidders
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Location: Heritage Auctions
3500 Maple Avenue
Dallas, TX 75219

Description:

1889-CC Dollar, AU58
Key Morgan Issue, Bright Shimmering Fields
1889-CC $1 AU58 PCGS. With the advent of coin grading and encapsulation by NGC, PCGS, ANACS, and others, the coin-collecting community has bifurcated into two types: those who collect coins in "slabs," and those who prefer their coins raw. While we do not recommend the practice, one subset of collectors is known to buy certified coins (with their various [and varying] assurances of grade and authenticity), crack them out, and put them "raw" into coin albums. This piece may be a candidate for such collectors, given the steep price differential between AU grades and Mint State for the 1889-CC Morgan dollar..

This coin provides many of the attractions of a Mint State piece, including bright reflective fields, minimal wear, and an overall attractive appearance, at a fraction of the price of an MS62 or finer coin. The surfaces are silver-gray with tinges of pink and gold, and Liberty's cheek is exceptionally clean. Expect strong bidding to win this prize.
Ex: Long Beach Signature (Heritage, 2/2009), lot 1823.(Registry values: P9, N2998) (NGC ID# 2559, PCGS# 7190)

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