The 1889 CC Morgan dollar is one of the most sought-after coins among collectors. Its rich history, unique features, and the stories behind it make it a fascinating topic. In this article, we’ll explore what makes the 1889 CC Morgan dollar special, how it came to be, its significance in the world of numismatics, and why collectors value it so highly.
What is a Morgan Dollar?
The Morgan dollar is a silver coin that was minted in the United States from 1878 to 1904 and then again in 1921. Designed by George T. Morgan, this coin features Lady Liberty on the front and an eagle on the back. The Morgan dollar is famous for its beauty and the quality of its craftsmanship. Each coin weighs 26.73 grams and contains 0.7734 troy ounces of silver.
The Significance of the 1889 CC Morgan Dollar
The 1889 CC Morgan dollar was minted in Carson City, Nevada. The “CC” stands for Carson City, which was a significant minting location during the silver rush. The 1889 CC Morgan dollar is particularly rare and valuable because only a limited number were produced. According to historical records, only about 350,000 of these coins were struck, making them hard to find today.
The Carson City Mint was known for producing high-quality coins, and the 1889 CC Morgan dollar is no exception. Collectors are drawn to it not only because of its rarity but also due to its unique characteristics and the story it tells about America’s history.
Key Features of the 1889 CC Morgan Dollar
- Design: The obverse (front) of the coin features a profile of Lady Liberty, while the reverse (back) showcases a majestic eagle. The design is rich in detail and reflects the artistry of the time.
- Mint Mark: The “CC” mint mark on the coin indicates that it was minted in Carson City. This is crucial for collectors as it distinguishes it from other Morgan dollars minted in different locations.
- Rarity: Due to the limited number of coins produced, the 1889 CC Morgan dollar is considered rare. Many coins have been lost over the years, adding to its scarcity.
- Value: The value of an 1889 CC Morgan dollar can vary significantly based on its condition and rarity. Coins in better condition can sell for thousands of dollars, making it a prized possession for collectors.
How to Identify an 1889 CC Morgan Dollar
Identifying an 1889 CC Morgan dollar involves examining several key features:
- Mint Mark: Look for the “CC” mint mark, which is located just below the eagle on the reverse side of the coin. This distinguishes it from other Morgan dollars.
- Condition: The condition of the coin can greatly affect its value. Coins are graded on a scale from 1 to 70, with higher numbers indicating better condition. Coins that are uncirculated (not used in commerce) are the most valuable.
- Detail: Examine the details of the coin, such as the hair on Lady Liberty’s head and the feathers on the eagle’s wings. The clearer the details, the higher the coin’s value.
- Color and Luster: Genuine Morgan dollars should have a certain sheen or luster. A dull or tarnished coin might be a counterfeit or one that has been improperly stored.
The Market for 1889 CC Morgan Dollars
The market for the 1889 CC Morgan dollar is robust, with collectors and investors actively seeking these coins. Various factors influence the price, including:
- Condition: Coins in better condition are worth significantly more. A high-quality uncirculated coin can fetch over $10,000 at auction.
- Demand: As more collectors enter the market, demand for the 1889 CC Morgan dollar increases, driving up prices.
- Historical Significance: The coin’s connection to the Carson City Mint and the silver rush adds to its appeal, making it a valuable piece of American history.
Recent Prices and Sales
Here’s a table showcasing recent auction prices for the 1889 CC Morgan dollar based on different grades:
| Grade | Recent Auction Price |
|---|---|
| MS-60 (Mint State) | $5,000 – $8,000 |
| MS-63 | $10,000 – $15,000 |
| MS-65 | $25,000 – $30,000 |
| MS-67 | $50,000+ |
Collecting Tips for the 1889 CC Morgan Dollar
If you’re interested in collecting the 1889 CC Morgan dollar, here are some tips to consider:
- Do Your Research: Understand the market and know the value of the coins before making a purchase.
- Buy from Reputable Dealers: Always buy from trusted dealers or auction houses to avoid counterfeit coins.
- Check for Certifications: Look for coins that have been graded and certified by reputable grading services like the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC).
- Join a Community: Consider joining numismatic clubs or online forums where you can connect with other collectors and learn more about the hobby.
- Be Patient: Finding the right coin at the right price can take time, so be patient and persistent in your search.
Conclusion
The 1889 CC Morgan dollar is more than just a coin; it’s a piece of American history that tells a story of the nation’s past. Its rarity, beauty, and significance make it a favorite among collectors. Whether you’re an experienced numismatist or just starting, understanding the 1889 CC Morgan dollar can enhance your appreciation of this remarkable coin.
Collecting coins like the 1889 CC Morgan dollar can be an exciting and rewarding hobby. With its rich history and potential for value appreciation, it’s no wonder that this coin remains a popular choice for collectors worldwide.
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FAQs
What is the historical significance of the Carson City Mint?
The Carson City Mint played a crucial role during the silver rush, producing coins that helped facilitate commerce in the West.
Why is the 1889 CC Morgan dollar so valuable?
Its rarity, unique design, and historical significance contribute to its high value among collectors.
How can I tell if my 1889 CC Morgan dollar is authentic?
Look for the “CC” mint mark and examine the coin’s details, condition, and luster. Getting it graded by a professional is also recommended.
Where can I buy an 1889 CC Morgan dollar?
You can purchase these coins from coin dealers, online auction sites, or at coin shows. Make sure to choose reputable sources.
What should I do if I want to sell my 1889 CC Morgan dollar?
Get the coin appraised by a professional, and consider selling through an auction house or a trusted dealer for the best price.