After a four-year hiatus, the Carson City Mint was authorized to resume coinage in July 1889, although operations did not commence until October due to repairs that needed to be performed on the building and machinery. Morgan dollar production in the final quarter of the year reached 350,000 coins. Unlike earlier silver dollar issues from this mint that were largely dumped into long-term storage and forgotten, the 1889-CC seems to have been released — at least in part — into circulation. Worn coins are plentiful today, and Mint State pieces are scarce by comparison.
The 1889-CC has long been the condition key of the Carson City Morgans, but its status as one of the key dates of the entire series was established permanently in the 1970s, when no large quantities of this date emerged from the GSA sales. A single GSA coin, sold in the Mixed CC offerings, stood as a glaring reminder of just how challenging high-grade 1889-CC Morgans would continue to be.
This survivor displays more pronounced Cameo contrast on its reverse than its obverse, but the latter is still more heavily frosted than is apparent in our image. The NGC population is 30 with 13 graded higher, none better than MS64. Listed at $75,000 in the CDN CPG and $71,500 in the NGC price guide.
Offered at $65,500
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