Heritage World Coin Auctions
Long Beach Signature US Coin Sale 1256 8-9 Jun 2017
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Morgan Dollars
1889-CC $1 MS64 NGC. The late 1960s was a good time for investors to seek out and purchase Uncirculated 1889-CC Morgan dollars. Already a recognized condition rarity at that time, the famous Carson City issue would only increase in popularity after the GSA sales of the early 1970s. In 1969, an Uncirculated 1889-CC Morgan could be purchased retail for less than $1,000, according to the Guide Book. The GSA sales of 1972 to 1974 changed the landscape of the Carson City Morgan dollar market. Many dates, including all of the early 1880s issues, were flooded into the collecting community in staggering quantities, primarily in Mint State. But the 1889-CC was not so well represented. In fact, only a single '89-CC dollar is known from the entirety of the GSA sales. It was clear that the high-grade population of this key date was not going to increase as did those of most of its counterparts. In just a few short years after the GSA sales, the value of an Uncirculated 1889-CC Morgan more than tripled.
Today, the '89-CC is the rarest of the Carson City issues and is one of the biggest key dates in the Morgan series, regardless of mintmark. The date is scarce in any Mint State grade, but is particularly elusive in MS63. In MS64, it is genuinely rare, and finer representatives are extremely rare and headline auctions whenever they are offered. The last near-Gem NGC coin that we offered was in lot 3664 of our December 2014 Houston Signature sale, where it realized $70,500. PCGS-graded examples in this grade have breached the six-figure barrier in recent years.
The present coin displays well-struck devices with brilliant surfaces that show partial reflectivity in the fields. Light, scattered surface grazes determine the grade but are less obtrusive than those on some other MS64 coins. This coin is a highlight of the current sale and an outstanding key-date Morgan dollar. Census: 43 in 64 (1 in 64+, 1 in 64 ★), 6 finer (4/17).
HID02901242017
1889-CC $1 MS64 NGC. The late 1960s was a good time for investors to seek out and purchase Uncirculated 1889-CC Morgan dollars. Already a recognized condition rarity at that time, the famous Carson City issue would only increase in popularity after the GSA sales of the early 1970s. In 1969, an Uncirculated 1889-CC Morgan could be purchased retail for less than $1,000, according to the Guide Book. The GSA sales of 1972 to 1974 changed the landscape of the Carson City Morgan dollar market. Many dates, including all of the early 1880s issues, were flooded into the collecting community in staggering quantities, primarily in Mint State. But the 1889-CC was not so well represented. In fact, only a single '89-CC dollar is known from the entirety of the GSA sales. It was clear that the high-grade population of this key date was not going to increase as did those of most of its counterparts. In just a few short years after the GSA sales, the value of an Uncirculated 1889-CC Morgan more than tripled.
Today, the '89-CC is the rarest of the Carson City issues and is one of the biggest key dates in the Morgan series, regardless of mintmark. The date is scarce in any Mint State grade, but is particularly elusive in MS63. In MS64, it is genuinely rare, and finer representatives are extremely rare and headline auctions whenever they are offered. The last near-Gem NGC coin that we offered was in lot 3664 of our December 2014 Houston Signature sale, where it realized $70,500. PCGS-graded examples in this grade have breached the six-figure barrier in recent years.
The present coin displays well-struck devices with brilliant surfaces that show partial reflectivity in the fields. Light, scattered surface grazes determine the grade but are less obtrusive than those on some other MS64 coins. This coin is a highlight of the current sale and an outstanding key-date Morgan dollar. Census: 43 in 64 (1 in 64+, 1 in 64 ★), 6 finer (4/17).
HID02901242017