The 1889-CC Morgan Dollar is one of the most valuable and rarest coins in U.S. history. It was minted in Carson City, Nevada, and today, collectors value it for its rarity and unique backstory. Coins like these don’t just hold historical significance but also remarkable market value. This article explores the history of this iconic coin, its rarity, and its unique features that make it so desirable to collectors.
Historical Background of the 1889-CC Morgan Dollar
The Carson City Mint, where the 1889-CC Morgan Dollar was produced, has a unique history tied to the politics and economy of late 19th-century America. In 1885, the mint was closed due to budget cuts by President Grover Cleveland’s administration. However, with the election of President Benjamin Harrison in 1889 and the appointment of William Windom as Treasury Secretary, the mint was reopened. This was a significant event in American coin history, as it allowed for a limited production of coins, including the 1889-CC Morgan Dollar.
The 1889-CC Morgan Dollar is considered the “King of the Carson City Series.” With only 350,000 pieces minted that year, it became one of the lowest production numbers in the Morgan Dollar series. Unlike other mints like Philadelphia, which produced millions, the Carson City Mint’s limited output contributed greatly to its coins’ rarity and desirability.
Why the 1889-CC Morgan Dollar Is So Valuable
For collectors, condition plays a significant role in a coin’s value. The 1889-CC Morgan Dollar in MS65+ grade, certified by the Professional Coin Grading Service (PCGS) and approved by the Certified Acceptance Corporation (CAC), is exceptionally rare and valuable. Coins in this grade have sharp details and are free from major imperfections. Additionally, the 1889-CC Morgan Dollar often has colorful tones—reddish-gold, cobalt-blue, rose, and orange-gold hues—which enhance its beauty and appeal.
Table: Quick Facts About the 1889-CC Morgan Dollar
| Attribute | Description |
|---|---|
| Mint | Carson City Mint (CC) |
| Year | 1889 |
| Composition | 90% Silver, 10% Copper |
| Weight | 26.73 grams |
| Mintage | 350,000 coins |
| Notable Grade | MS65+ (PCGS certified, CAC approved) |
| Distinctive Features | Rare toning and proof-like frosty details |
| Auction Value | Up to $660,000 in high-grade condition |
Fascinating Details of the 1889-CC Morgan Dollar
This Morgan Dollar is noted for its frosty appearance, with highlights that give it an almost proof-like reflectivity. For collectors, the coin’s well-preserved condition and toning make it a masterpiece. It’s also one of the highest-graded examples by both PCGS and CAC, enhancing its prestige and demand. Known as the “King of the Carson City Series,” its value continues to rise, with the potential to reach even higher prices at auction.
Current Value and Auction History of the 1889-CC Morgan Dollar
The 1889-CC Morgan Dollar has seen impressive prices at auctions. While an 1893-S Morgan Dollar might sell for a million dollars in similar condition, this 1889-CC, with its unique history, can achieve similar valuations. In fact, examples in pristine condition have fetched over $660,000 in recent years. As a result, collectors view it as a prime piece for their portfolios.
For those interested in U.S. coin history or building a notable collection, this coin is highly desirable due to its rarity and association with the historic Carson City Mint.
Conclusion
The 1889-CC Morgan Dollar stands as an exceptional piece of American history and numismatic value. This coin represents more than silver and copper—it’s a glimpse into a historic era when the Carson City Mint produced limited coinage, making each piece rare and precious. For collectors, it’s an opportunity to own a significant piece from the era of the Wild West and turbulent 19th-century politics. If you’re lucky enough to have this coin, its value will likely keep climbing, securing its place as a top-tier collectible.
FAQ’s
Why is the 1889-CC Morgan Dollar so valuable?
The 1889-CC Morgan Dollar is rare because it was produced in low quantities at the Carson City Mint, making it one of the hardest-to-find Morgan Dollars. Its historical significance and scarcity in high grades add to its value.
How can I tell if my 1889-CC Morgan Dollar is genuine?
A genuine 1889-CC Morgan Dollar will have a “CC” mintmark beneath the eagle on the reverse side. To confirm authenticity, it’s best to have the coin graded by a certified grading service like PCGS or NGC.
What factors affect the value of a Morgan Dollar?
Factors include the coin’s mint, condition (grade), rarity, and any unique characteristics, such as color toning. Well-preserved examples with eye-catching toning are especially valuable.