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Lot 0302 1889-CC Morgan $1 NGC MS63 DPL

Currency:USD Category:Coins & Paper Money Start Price:15,000.00 USD Estimated At:30,000.00 - 40,000.00 USD
Lot 0302 1889-CC Morgan $1 NGC MS63 DPL
Silver Dollar coinage reemerged in 1889 at the Carson City office after a three-year absence. Political considerations in Washington caused the Treasury Department to close the Mint while the Cleveland administration was in a tight-budget mode. Upon reopening (after Cleveland was voted out of office in 1888), there was only time enough to strike 350,000 Silver Dollars before the new calendar year began. Hence, this date's infrequent appearance at auction, especially in higher grade. (The Carson mint would remain open only until 1893, when it was permanently shut down.) The 1889-CC Morgan Dollar is one of the lowest mintage issues of the entire series. All were struck during the final three months of the year with monthly production of 100,000 coins each in October and November, and 150,000 coins in December.

Like several others before it, this is a highly desirable coin in deep mirror prooflike quality and is completely devoid of toning. Curiously, nearly half of the Mint State survivors are prooflike or deep mirror prooflike in finish, compared to other CC-mint dollars where frosted luster seems to outweigh prooflikes. The main source of irritation as far as advanced Morgan Dollar collectors are concerned is that there simply are not enough choice quality coins to satisfy demand. This beautiful MS63, a glittering survivor, is nicely contrasted between the frosty textured devices and deep, mirrored fields. The lightest blushes of toning iridescence are seen here and there, but the coin basically presents as brilliant. The scattered abrasions include a few luster grazes on Liberty's cheek and elsewhere. Sharply struck.