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Heritage World Coin Auctions
ANA Signature US Coin Sale 1258  2-6 Aug 2017
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Lot 4049

Starting price: 1 USD
Price realized: 19 000 USD
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Morgan Dollars
1889-CC $1 MS60 PCGS. VAM-4. The 1889-CC Morgan dollar is not rare in any absolute sense, but as the key to the Carson City series, even when compared to its closest rivals the 1879-CC and 1893-CC issues, it is safe to say there is far more demand from many thousands of series aficionados than there is a supply of acceptable examples. The recorded mintage of 350,000 pieces suffered extensive circulation and may have also been reduced by the melting of silver dollars in the aftermath of the Pittman Act of 1918. The result is that the 1889-CC has a fairly low Mint State population that numbers only in the hundreds, not the thousands or tens of thousands as is the case with other Carson City dollars.
The VAMWorld site lists five known die pairings for the 1889-CC dollar, plus one other that "may not exist" and one known counterfeit die. VAM-4 is a Normal Date variety with the date position close to the bust and not recut. The CC mintmark is slightly tilted left. Due to the value and high demand for 1889-CC dollars, third-party grading and authentication is recommended.
This Uncirculated example is housed in an old green label PCGS holder and displays vibrant, brilliant mint luster. The satiny surfaces show light marks but they are evenly distributed with little impact on the eye appeal. A sharp strike complements a hint of reflectivity in the fields.

HID02901242017
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