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    Description

    1879-CC Dollar, MS65+ Prooflike
    Exceptional White-on-Black Contrast, CAC
    Tied for Finest-Certified Prooflike

    1879-CC $1 MS65+ Prooflike PCGS. CAC. Constructed solely for the purpose of coining local bullion, the Carson City Mint fell victim to greedy silver producers who colluded with railroad owners, making it less expensive to ship bullion to San Francisco than to nearby Carson City. Mint officials were fully aware of the situation, according to the Mint Director's Annual Report for 1879:

    "Notwithstanding the fact that the mint at Carson City is located but a short distance from the productive mines of the Comstock Lode, higher prices were demanded for bullion deliverable at Carson than at San Francisco, and, in addition, the rates charged by the express company for transportation of silver dollars were higher from Carson than from San Francisco. For these reasons, it was decided, with the approval of the Secretary of the Treasury, to suspend the coinage of the standard silver dollar at the Carson mint, and instructions were given February 26, 1879, to the superintendent thereof to coin up as closely as practicable the bullion then on hand ... ."



    Coinage operations were suspended twice in 1879 due to lack of silver bullion, and only 756,000 Morgan dollars were struck at the Nevada Mint. Most of the mintage circulated -- only 4,100 pieces were part of the GSA sales, making the 1879-CC easily the second-rarest Carson City Morgan dollar issue (after the 1889-CC). The present coin is tied with two other examples as the finest-certified 1879-CC with designated Prooflike surfaces.

    Among Morgan dollar collectors, a fully prooflike Gem 1879-CC with brilliant, untoned silver surfaces and extraordinary cameo contrast is one of the most desirable coins in American numismatics. This splendid example features a Normal Mintmark, with exceptional aesthetic appeal. Strong mint luster lends a pearlescent sheen to the thickly frosted central devices, which contrast boldly with mirrorlike fields for outstanding "white-on-black" contrast. The strike is razor-sharp. A spectacular, high-end Gem, the coin is CAC-endorsed as confirmation of its high quality for the grade. Only a few light abrasions and shallow grazes are seen on either side. As expected for its low mintage, prooflike examples are scarce regardless of grade. High-end Gems are rare, with none finer at either service. This coin comes from the Ponderosa Collection, which remains the #1 All-Time Finest PCGS Carson City Morgan Dollars Registry Set, Circulation Strikes. PCGS population: 3 in 65+ Prooflike, 0 finer. CAC: 6 in 65, 0 finer (2/20).
    From The Tara Registry Set of Carson City Morgans. (Registry values: P7, N7079)

    Coin Index Numbers: (NGC ID# 253T, PCGS# 7087)

    Weight: 26.73 grams

    Metal: 90% Silver, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View all of [The Tara Registry Set of Carson City Morgans ]

    Auction Info

    Auction Dates
    April, 2020
    23rd-26th Thursday-Sunday
    Bids + Registered Phone Bidders: 26
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