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LOT #1787  | 
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1893-CC $1 MS65 NGC....

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Sold on Jul 31, 2008 for:
$48,875.00 Bid Source: Mail/Fax bidder
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Description

Impressive MS65 1893-CC Dollar
One of the Finest Examples Available of This Key Issue

1893-CC $1 MS65 NGC. During the previous Seated Liberty era few dollar coins circulated in this country. More valuable as bullion, thousands of silver dollars were exported to Asia. Successive Acts between 1873 and 1878 removed authorization for a domestic dollar, created a Trade dollar to satisfy export demands, and finally, not only reinstated the standard dollar but mandated the production of millions of new ones from government silver purchases (the Bland-Allison Act of 1878). The Morgan dollar was the result of this political whirlwind.
Designed by George T. Morgan, Liberty's portrait is likely modeled after Philadelphia school teacher Anna Williams. The reverse eagle, smaller and perhaps not as majestic as previous designs, was derided by some who called the coin the "buzzard dollar." Reportedly dissatisfied with Chief Engraver William Barber's previous efforts, Mint Director Henry Linderman's justification for selecting Assistant Engraver Morgan's design was " ... I selected the one with the lowest relief [requiring the] lightest power to strike." (Q. David Bowers, A Guide Book of Morgan Silver Dollars). Due to advance preparation by Linderman, a few Morgans were produced for inspection within a week after Bland-Allison became law. Produced prolifically through 1904, and then again in 1921, and unused Morgans were stored by the millions in government vaults until dispersed in the 1960s.
This coin touches three popular coin collecting interests. It is a Morgan silver dollar, it has the Carson City mintmark, and it is the final Morgan issue from that mint. Fairly plentiful in NGC Census and PCGS Population Reports up to MS63, 1893-CC certification numbers decline significantly at Choice Uncirculated and drop dramatically at Gem. Only 18 coins (including possible resubmissions) have been certified as MS65 by NGC and PCGS combined, with none higher. In demand at all grades, this Gem is an uncommon opportunity for the serious collector.
This is a dazzling, all-brilliant coin. A great many of the better-grade 1893-CC dollars available are weakly struck in the centers. Others, such as this one, are fully defined--a definite plus when purchasing this expensive, key issue dollar. Virtually unmarked on each side, there are no noticeable or mentionable abrasions, an uncommon feature on this final-year CC dollar. (Registry values: P8, N7079)

Coin Index Numbers: (NGC ID# 255S, PCGS# 7222, GSID# 7610)

Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.77346oz
Mintage: 677,000

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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: 7
Lot Tracking Activity: N/A
Page Views: 1,765

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Sold on Jul 31, 2008 for: $48,875.00
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