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1885-CC $1 MS67 Deep Mirror Prooflike PCGS....

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Sold on Aug 1, 2008 for:
$51,750.00 Bid Source: Live: Floor bidder
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Description

1885-CC Morgan, MS67 Deep Mirror Prooflike
Tied for Finest Known

1885-CC $1 MS67 Deep Mirror Prooflike PCGS. This is one of only two MS67 DMPL examples of this issue certified at PCGS (6/08). The third in this trio of "wonder coins" certified MS67 DMPL by PCGS that also includes an 1881-CC and an 1882-CC. This 1885-CC likely saw a similar route to become among the finest known Morgan dollars of the entire issue.
Although the issue in this case was only 228,000 coins, the General Services Administration's holdings of the date were 65.03%--148,285 examples--of the original mintage. Today the 1885-CC Morgan dollar is, ironically, the rarest of the entire series in circulated condition, although so many nice Mint State pieces exist that the rarity of circulated coins is unappreciated.
The 1882-CC, 1883-CC, and 1884-CC Morgan dollars were, the preceding notwithstanding, the most common coins sold in terms of sheer numbers in the vast GSA dispersal. Respectively, those three issues saw 605,029 coins; 755,518 coins; and 962,638 coins sold, the great majority of them Uncirculated, making the 1881-CC and 1885-CC issues seem a great deal more desirable and elusive in the upper Mint State grades.
The silver-white surfaces on this piece possess extraordinary cartwheel luster and incredibly deep, mirrored fields. Even in this trio of extraordinary coins, the present piece stands out due to its marvelously untroubled surfaces, fathomlessly deep mirrors, and spectacular eye appeal.
Both for the Registry Set collector as well as the type collector, the present offering of Morgan dollars poses a significant opportunity to obtain one--or more--of the finest Morgan dollars ever certified, from the most popular mint in American numismatic history, an unparalleled chance for astute bidders.
From the "A Gift of Undeserved Favor" Collection.(Registry values: P4, N7079)

Coin Index Numbers: (NGC ID# 254S, PCGS# 97161, GSID# 7737)

Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.77346oz
Mintage: 228,000

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The Confident Carson City Coin Collector
by Rusty Goe

The Carson City Mint’s celebrated legacy — replete with landmark achievements, setbacks, mysteries and tall tales — is covered in exacting detail in Goe’s three-volume set.

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Auction Info

2008 July-August Baltimore, MD (ANA) US Coin Signature Auction #1114 (go to Auction Home page)
Auction Dates
Jul-Aug, 2008
30th-3rd Wednesday-Sunday
Bids + Registered Phone Bidders: 16
Lot Tracking Activity: N/A
Page Views: 3,817

Buyer's Premium per Lot:
15% of the successful bid per lot.

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Sold on Aug 1, 2008 for: $51,750.00
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