The 1889-CC Morgan Dollar is one of the most coveted coins in American numismatics, celebrated for its rarity, historical significance, and timeless appeal. Struck at the legendary Carson City Mint, this silver dollar is the epitome of collecting excellence. Often referred to as the “King of Carson City Morgan Dollars,” its scarcity in high grades and fascinating history make it a treasure for both seasoned collectors and aspiring numismatists.
This article dives into the intriguing story of the 1889-CC Morgan Dollar, exploring its origins, rarity, and importance in the world of coin collecting. Whether you’re new to numismatics or a veteran, understanding the history and value of this coin will deepen your appreciation for its place in the annals of American history.
Overview Table: Key Highlights of the 1889-CC Morgan Dollar
| Attribute | Details |
| Mint Location | Carson City (CC) |
| Designer | George T. Morgan |
| Year of Issue | 1889 |
| Original Mintage | 350,000 coins |
| Estimated Survivors | Less than 30,000 |
| Rarity in MS64 Grade | Extremely rare (fewer than 5,000 exist in MS60 or higher) |
| Highest Known Grade | PCGS MS68 (sold for over $880,000) |
| Market Value in MS64 | High six figures, depending on demand and condition |
The Birth of the 1889-CC Morgan Dollar
The Morgan Dollar series was introduced in 1878 as a response to the Bland-Allison Act, which mandated the purchase of large amounts of silver to support the mining industry. Designed by George T. Morgan, the coin featured an elegant portrait of Lady Liberty on the obverse and a bold depiction of an eagle with outstretched wings on the reverse.
The 1889-CC Morgan Dollar was minted at the Carson City Mint, a facility established to process silver from Nevada’s Comstock Lode. Carson City coins are particularly cherished by collectors for their historical significance and connection to the American frontier. The mint’s operations ceased in 1893, making its coins even more desirable due to their limited production span.
Why Is the 1889-CC Morgan Dollar So Rare?
The 1889-CC Morgan Dollar stands out as one of the rarest coins in the Morgan Dollar series, not because of its mintage but due to the limited number of surviving specimens. While 350,000 coins were originally struck, many were melted down during the early 20th century as the U.S. government repurposed silver for other needs.
Unlike other Carson City issues, the 1889-CC was scarcely represented in the General Services Administration (GSA) sales of the 1970s, where hundreds of thousands of silver dollars were sold. Only one 1889-CC coin was included in these sales, further amplifying its scarcity. Today, fewer than 30,000 of these coins are believed to exist, with only about 5,000 in Mint State (MS) grades.
The Prestige of PCGS MS64
For collectors, an 1889-CC Morgan Dollar graded PCGS MS64 represents a near-perfect example of this iconic coin. The MS64 grade, given by the Professional Coin Grading Service (PCGS), signifies a coin that has only minor imperfections visible under magnification, making it highly desirable among numismatists.
The scarcity of the 1889-CC Morgan Dollar in MS64 cannot be overstated. With only a few thousand surviving in Mint State grades, opportunities to acquire such high-quality examples are rare. Coins of this caliber often command six-figure prices, reflecting their combination of beauty, rarity, and historical importance.
Historical Sales and Record-Breaking Values
The 1889-CC Morgan Dollar has consistently achieved record-breaking prices at auctions. Notable sales include a PCGS MS65+ specimen that sold for $660,000 in August 2023, while an MS68 example fetched over $880,000 more than a decade ago. These figures demonstrate the coin’s enduring appeal and value as an investment.
The MS64 coin featured here carries an illustrious pedigree, having belonged to the prestigious R. Dier and Arizona Collections. These collections are celebrated for their exceptional numismatic treasures, adding to the allure of this remarkable piece.
Unique Features of the 1889-CC Morgan Dollar
1. Exquisite Design
- The obverse features a beautifully detailed portrait of Lady Liberty, showcasing George T. Morgan’s artistic brilliance.
- The reverse depicts a heraldic eagle clutching an olive branch and arrows, symbolizing peace and strength.
2. The “CC” Mintmark
- The Carson City Mint’s “CC” mintmark on the reverse sets this coin apart, representing its origin during the Western silver boom.
3. Rarity in High Grades
- The combination of low survival rates and limited Mint State examples ensures its place as a numismatic treasure.
Investment Potential of the 1889-CC Morgan Dollar
The 1889-CC Morgan Dollar is more than just a collectible; it’s a tangible asset with historical and financial value. Its rarity and significance ensure consistent demand, making it a sound investment for collectors. Over the years, high-grade examples have shown remarkable appreciation, cementing the coin’s reputation as a top-tier numismatic investment.
Investing in coins like the 1889-CC requires patience and expertise, as opportunities to acquire high-grade specimens are few and far between. However, for those who succeed, the rewards are often well worth the effort.
Tips for Collectors
- Buy from Reputable Sources: Ensure authenticity by purchasing from trusted dealers or auction houses.
- Focus on Graded Coins: Coins graded by PCGS or NGC provide assurance of quality and authenticity.
- Research Pedigree: Coins with notable ownership histories often carry additional prestige and value.
- Be Patient: High-quality 1889-CC Morgan Dollars rarely come to market, so be prepared to act when the opportunity arises.
FAQs
1. What makes the 1889-CC Morgan Dollar so special?
Its rarity, historical connection to the Carson City Mint, and limited number of surviving examples make it highly collectible.
2. How much is an 1889-CC Morgan Dollar worth?
Values vary, but high-grade specimens often sell for six figures or more.
3. What does PCGS MS64 mean?
It refers to a coin graded by the Professional Coin Grading Service (PCGS) with a Mint State grade of 64, indicating near-pristine quality.
4. Why are Carson City coins so collectible?
Carson City coins are associated with the American frontier and were struck in limited quantities, making them historically significant and desirable.
5. Where can I find an 1889-CC Morgan Dollar?
Reputable dealers and major auction houses occasionally offer these rare coins, but availability is limited.
Final Thoughts
The 1889-CC Morgan Dollar is a masterpiece of American numismatics, embodying a rich blend of history, artistry, and rarity. Its appeal extends beyond collectors, captivating anyone with an interest in the stories behind America’s most treasured coins.
If you ever have the opportunity to acquire an 1889-CC Morgan Dollar, especially in a grade like PCGS MS64, don’t hesitate—it’s a piece of history worth owning. Share your thoughts, experiences, or collecting stories in the comments below, and don’t forget to explore more about the fascinating world of Morgan Dollars!
