Heritage World Coin Auctions
FUN Signature US Coin Sale 1251 4-6 & 8-9 Jan 2017
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Morgan Dollars
1889-CC $1 MS62 PCGS. The Carson City Mint resumed coinage operations in October of 1889, after a three-year hiatus. Only 350,000 Morgan dollars were produced during the remainder of the year, a low production total, even by CC-mint standards. Most of the coins were released into circulation and saw heavy wear and attrition in the 19th century. Few high-quality specimens were saved by collectors and the elusive nature of the 1889-CC became clear to numismatists as soon as Morgan dollar collecting became popular. The series apparently ended in 1904 (it was resurrected briefly in 1921), triggering increased interest among collectors, and the 1889-CC began appearing at auction occasionally before World War I. Fort Worth coin dealer B. Max Mehl offered examples in both his H.O. Granberg Sale ( Mehl, 7/1913), lot 632 and Arthur C. Nygren Collection (Mehl, 11/1914), lot 139.
The small portion of the 1889-CC mintage that was held in government storage at the time of issue was quietly paid out over the years in small amounts, here and there. These coins were easily absorbed by the collecting community, with no attendant fanfare. By the time of the GSA Sales of the 1970s, only one example of the 1889-CC remained in government custody. Today, the 1889-CC Morgan dollar is the most elusive issue of the Carson City series and collectors prize examples in all grades and conditions. This is one of the rare Uncirculated examples that was preserved for one reason or another over the decades. The surfaces are satiny rather than frosted and each side is brilliant except for a streak of golden that runs along the right side of the obverse. The strike details are complete and there are only the small abrasions one would expect from an MS62 dollar.
1889-CC $1 MS62 PCGS. The Carson City Mint resumed coinage operations in October of 1889, after a three-year hiatus. Only 350,000 Morgan dollars were produced during the remainder of the year, a low production total, even by CC-mint standards. Most of the coins were released into circulation and saw heavy wear and attrition in the 19th century. Few high-quality specimens were saved by collectors and the elusive nature of the 1889-CC became clear to numismatists as soon as Morgan dollar collecting became popular. The series apparently ended in 1904 (it was resurrected briefly in 1921), triggering increased interest among collectors, and the 1889-CC began appearing at auction occasionally before World War I. Fort Worth coin dealer B. Max Mehl offered examples in both his H.O. Granberg Sale ( Mehl, 7/1913), lot 632 and Arthur C. Nygren Collection (Mehl, 11/1914), lot 139.
The small portion of the 1889-CC mintage that was held in government storage at the time of issue was quietly paid out over the years in small amounts, here and there. These coins were easily absorbed by the collecting community, with no attendant fanfare. By the time of the GSA Sales of the 1970s, only one example of the 1889-CC remained in government custody. Today, the 1889-CC Morgan dollar is the most elusive issue of the Carson City series and collectors prize examples in all grades and conditions. This is one of the rare Uncirculated examples that was preserved for one reason or another over the decades. The surfaces are satiny rather than frosted and each side is brilliant except for a streak of golden that runs along the right side of the obverse. The strike details are complete and there are only the small abrasions one would expect from an MS62 dollar.