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1889-CC $1 MS64 Deep Mirror Prooflike PCGS. CAC....
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Description
1889-CC Dollar, MS64 Deep Mirror Prooflike
Extraordinary Carson City Key
Unimprovable Quality, CAC Approved
1889-CC $1 MS64 Deep Mirror Prooflike PCGS. CAC. Ex: DT
Miller. The Carson City Mint, which was only operational for a
relatively short period between 1870 and 1893, left an indelible
mark on the numismatic landscape. Its Western heritage, low-mintage
issues, and the high rates of attrition that those issues
experience combine to make the coins struck at the Nevada facility
among the most popular in American coin collecting.The 1889-CC Morgan dollar is a premier example of the legacy and popularity of the Carson City Mint, its scarcity emblematic of the limited productions that characterized the mint's operations. The essence of rarity that surrounds the 1889-CC issue is rooted in its remarkably low mintage of 350,000 coins. That limited production was a direct consequence of the political and economic circumstances prevailing at the time. The late 1880s and early 1890s were marked by heated debates over silver's role in the nation's monetary system, leading to sporadic minting activities at the Carson City Mint. The cessation of operations at the Carson City Mint from 1885 to 1889 was largely due to a decline in local mining output from the Comstock Lode, which reduced the bullion available for minting. This decline coincided with economic challenges and political debates surrounding the gold standard versus bimetallism, impacting the mint's functionality. The political environment, favoring gold over silver along with budgetary constraints, further challenged the operation of smaller mints like Carson City. The operational costs of running the mint amidst diminishing returns and a decrease in demand for silver coinage made its closure a financially prudent decision. Federal policies regarding silver procurement and coinage were also in a state of flux, contributing to the uncertainty surrounding the mint's operations. The Carson City Mint reopened in 1889 following shifts in federal policies and a resurgence in local mining activities, though the challenges surrounding silver mining and coinage continued. The 1889-CC Morgan dollar emerged amidst these turbulent times, its limited mintage reflecting the uncertainties of the silver mining industry and the nation's evolving monetary policies.
Rusty Goe (2020) estimates that perhaps as many as 325,000 of the 350,000 coins struck may have been sent to the melting pot. He suggests 11,000 to 15,000 survivors in all grades, including 1,250 to 2,000 pieces in Mint State. Most of the Uncirculated coins at PCGS fall between MS61 and MS63. Prooflike and Deep Prooflike coins are elusive in any grade, though again, most are in MS61 to MS63 condition.
To say this is an exceptional offering almost fails to do it justice. The coin is extraordinary. It is almost unbelievable to encounter an example of such a famous, sought-after issue in such remarkable condition, not only in terms of its preservation but also in terms of its field-device contrast. Liberty and the eagle stand out dramatically against clean, watery mirrors. A blanket of pale rose-gold patina gently covers largely brilliant surfaces, confirming the coin's originality and greatly enhancing its elegant eye appeal. Population: 22 in 64 (1 in 64+) Deep Mirror Prooflike, 0 finer. CAC: 9 in 64, 0 finer (11/23).(Registry values: P9, N7079)
From The David T. Miller #1 PCGS Registry Set of DMPL/PL Morgan Dollars With Varieties.
Coin Index Numbers: (NGC ID# 2559, PCGS# 97191, Greysheet# 7750)
Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.85oz
View all of [The David T. Miller #1 PCGS Registry Set of DMPL/PL Morgan Dollars With Varieties ]
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.
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.
Auction Info
2024 January 10 - 14 FUN US Coins Signature® Auction #1371 (go to Auction Home page)
Auction Dates
January, 2024
10th-14th
Wednesday-Sunday
Bids + Registered Phone Bidders: 36
Lot Tracking Activity: N/A
Page Views: 1,543
Buyer's Premium per Lot:
20% of the successful bid per lot.
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