LOT Old Heritage Auctions  /  2008 Jan. FUN Signature Coin Auction #454  / 

2973

1879-CC $1 MS65 PCGS

Currency:USD Category:Coins & Paper Money Start Price:17,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1879-CC $1 MS65 PCGS
<B>1879-CC $1 MS65 PCGS.</B></I> Normal Mintmark. After the healthy mintage of more than 2.2 million Carson City Morgan dollars in their premiere year, in 1879 the mintage dwindled to just 756,000 pieces, split about 60:40 between the Perfect Mintmark, or Large CC, and the so-called "Capped Die" mintmark varieties. While the Perfect Mintmark is slightly more available, it is also more popular than the Capped Die variety. The latter is also known as the Large CC Over Small CC variety.<BR> At one time the 1879-CC was considered less scarce than either the 1881-CC or 1885-CC dollars, but that changed in 1964 when it was discovered that the Treasury releases contained only 4,123 examples of the 1879-CC in that horde. The GSA populations for the 1881-CC and 1885-CC, respectively, were 147,485 and 148,285 coins, or about one-half and two-thirds of the respective original mintages (Goe, <I>The Mint on Carson Street</B></I>)! Further negative impact on the availability of the '79-CC dollar was caused by the generally accepted belief that huge quantities were melted as the direct result of the Pittman Act of 1918. And, even though roughly 5,000 examples have survived in Mint State grades, only approximately 200 or less can be considered Gem or better, according to Dave Bowers in his <I>Guide Book of Morgan Silver Dollars </B></I>(2007). Once considered common, the 1879-CC dollar was treated as bullion and handled with little care through the years. The heft of a silver dollar resulted in many abrasions and ticks, sometimes severe, as these coins were thrown into canvas bags and wantonly transported to and fro. <BR> The present phenomenally frosty silver-white, untoned Gem is housed in an old-style PCGS green-label holder. Brilliant cartwheel mint luster cascades around each side, and there is some contrast between the fields and devices, although insufficient for a Prooflike designation. Very nearly the finest quality obtainable: As of (11/07) PCGS has certified 89 coins (including duplications) in MS65, with only two pieces finer.<BR><BR><B>Coin Engraver:</B> George T. Morgan<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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