1889-CC Morgan Dollar – An Irreplaceable Jewel in the World of American Coinage
The 1889-CC Morgan Dollar is one of the most valuable and maximum esteemed cash inside the world of American coin gathering. This is not most effective renowned for its rarity and historic price, however it is also a few of the limited quantity of coins produced at the Carson City Mint, which stays a collector’s treasure.
It is likewise referred to as the “King of Carson City Morgan Dollars” since it comes only a few in excessive excellent (Mint State). Let us examine the complete story of this useful coin – its records, traits, and why this coin is so well-known.
Overview Table: Key Highlights of the 1889-CC Morgan Dollar
| Attribute | Details |
| Mint Location | Carson City (CC) |
| Designer | George T. Morgan |
| Year of Issue | 1889 |
| Original Mintage | 350,000 coins |
| Estimated Survivors | Less than 30,000 |
| Rarity in MS64 Grade | Extremely rare (fewer than 5,000 exist in MS60 or higher) |
| Highest Known Grade | PCGS MS68 (sold for over $880,000) |
| Market Value in MS64 | High six figures, depending on demand and condition |
How was the 1889-CC Morgan Dollar created?
The Morgan Dollar series began in 1878, whilst america authorities enacted the Bland-Allison Act, which commanded the shopping for of huge quantities of silver and coining it into forex.
- The coin turned into designed via George T. Morgan.
- Lovely photo of Lady Liberty at the obverse Picture of an eagle with outstretched wings at the reverse The 1889-CC Dollar become coined at the Carson City Mint in Nevada, which became created to melt down the silver from the Comstock Lode and strike it into cash.
The Carson City Mint simplest lasted for some years and ceased operations in 1893, so the coins it produced are very rare.
Why is the 1889-CC Morgan Dollar so rare?
350,000 coins had been minted in general, which is not a lot, but in next years, america authorities started out melting those silver coins and reusing them, bringing the range of unique coins to a really low stage.
- During the 1970s, the government sold millions of old silver dollars via the GSA (General Services Administration). But only one of this unique coin was available in the GSA sale!
- Nowadays, it is estimated that there are only less than 30,000 1889-CC dollar coins existing.
- Of these, only about 5,000 coins remain in Mint State.
PCGS MS64 Grade – A Special Identification
If you very own an 1889-CC coin with an MS64 grade from PCGS**, then you are the possessor of a completely rare and valuable treasure.
- An MS64 grade shows: The coin is really modern-day, with very, very faint scratches as a way to only be capable of be visible below a microscope.
- An 1889-CC coin on this grade is extraordinarily tough to discover and usually fetches a rate of in the hundreds of thousands.
Historic record-breaking sales
There have been a few record-breaking sales of the 1889-CC Morgan Dollar at auctions:
- A PCGS MS65+ grade unit sold for $660,000 (around ₹5.5 crores) in Aug 2023.
- An MS68 graded unit sold for even higher—around $880,000 years back.
The MS64 coin referred to above has been in the R. Dier and Arizona Collections—collections renowned globally for rare coins of exceptional quality.
Special features of the 1889-CC Morgan Dollar
Stunning Design
- Gorgeous face of Lady Liberty (obverse)
- Strong portrait of the eagle, a symbol of peace and fortitude (reverse)
“CC” Mintmark
- The coin bears “CC” inscribed on the reverse, that it was coined in Carson City
- This distinguishes it and makes it unique compared to other Morgan Dollars
Rarity in High Grade
- Because of the limited amount remaining in Mint State, the coin is highly valuable to collectors.
A Great Investment Option Too
The 1889-CC Morgan Dollar is not only a collectible, it is also a Safe Long-Term Investment
- It is rich in history
- It is always in demand
- Its worth has consistently risen over time
If you own this coin, particularly in MS64 or higher condition, you are the owner of a rare and valuable heirloom.
FAQs
1. What is the 1889-CC Morgan Dollar?
It’s a rare silver coin minted in Carson City, Nevada, known for its low mintage, historic significance, and high collector demand, especially in Mint State condition.
2. Why is the 1889-CC Morgan Dollar considered so rare?
Only 350,000 were minted, and most were melted later. Fewer than 30,000 exist today, with around 5,000 in Mint State, making it highly collectible.
3. What makes the Carson City Mint special?
The Carson City Mint operated briefly and struck coins using silver from the Comstock Lode, making any coin with the “CC” mintmark rare and historically important.
