1889-CC $1 MS64 Prooflike NGC....

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Magnificent 1889-CC Morgan Dollar, MS64 Prooflike

1889-CC $1 MS64 Prooflike NGC. In Silver Dollars and Trade Dollars of the United States, Q. David Bowers calls the 1889-CC "the rarest and most desired issue among Carson City Morgan dollars." Likely reasons for the scarcity of this date are the small original mintage and the melting of an estimated 250,000 examples over the years. Bowers estimates a surviving population of 400-800 pieces in MS64 grade, with a significant portion of those qualifying for the Prooflike designation. Considering the extremely large collector base for Morgan silver dollars, the small population is under significant pressure to satisfy collector demand.
The small original mintage was the result of the short period of time available for coinage--just three months at the end of 1889. The Carson City Mint reopened on July 1, 1889, after a four-year hiatus. The facility was in poor condition due to neglect and idleness, and necessary repairs to the building and machinery imposed a long delay on coining operations. Coinage was finally resumed in October; the Mint was able to produce only 350,000 silver dollars by year-end. Much of the production was released in the 19th century and releases continued until 1964, when the government decided to hold back Carson City dollars for the GSA sales. By that time, there was only one specimen of the 1889-CC left in Treasury vaults.
The present coin is a magnificent example of this desirable date. The fields are deeply reflective and contrast well with the frosty devices. The excellent strike imparts full detail to all design elements, and the brilliant surfaces show only a moderate number of handling marks. The numeric grade of this coin is nearly unimprovable within the Prooflike designation. Sixteen coins have been certified in MS64 Prooflike at NGC and PCGS combined, with only one finer (3/09).(Registry values: P9, N7079)

Coin Index Numbers: (NGC ID# 2559, PCGS# 7191, Greysheet# 7555)

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

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