The 1889-CC Morgan Dollar is one of the rarest and most valuable coins in U.S. history. Produced at the Carson City Mint, this coin is highly sought after by collectors due to its limited mintage, its exceptional quality, and its rich historical background. In this article, we’ll explore why this particular coin is so special and what makes it worth up to $660,000 in auctions.
The History Behind the 1889-CC Morgan Dollar
The Carson City Mint, located in Nevada, was closed in 1885 due to financial cuts by President Grover Cleveland. However, the mint reopened in 1889 under President Benjamin Harrison, and it began producing a limited number of coins, including the 1889-CC Morgan Dollar. The mint’s low production rate that year—just 350,000 coins—contributed to the rarity and value of this coin.
Why Is the 1889-CC Morgan Dollar So Valuable?
The value of the 1889-CC Morgan Dollar is driven by its rarity and condition. Coins in top-grade conditions, like the MS65+ grade (certified by the Professional Coin Grading Service), are especially valuable. These high-grade coins are well-preserved with sharp details and little to no imperfections. The coin’s unique toning, which can feature colors like reddish-gold, cobalt-blue, and rose, adds to its visual appeal.
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
The 1889-CC Morgan Dollar is also known for its frosty details and reflective appearance, which give it a high-quality, proof-like look. These features, combined with the coin’s rarity and historical significance, make it highly desirable to collectors. Coins that have been preserved in top condition are especially prized and can sell for hundreds of thousands of dollars at auctions.
Current Market Value and Auction History
Over the years, the 1889-CC Morgan Dollar has fetched impressive prices at auctions. In recent years, examples in high grades have been sold for more than $660,000. This makes the coin not only valuable for its historical importance but also a lucrative investment for collectors.
Conclusion
The 1889-CC Morgan Dollar is much more than just a coin—it’s a piece of American history. With its limited production, stunning appearance, and historical significance, it’s no wonder that this coin continues to be one of the most valuable and sought-after coins in the world. Whether you’re a seasoned collector or new to the hobby, owning an 1889-CC Morgan Dollar is a special achievement, and its value is likely to keep rising.
FAQ’s
Why is the 1889-CC Morgan Dollar so valuable?
The 1889-CC Morgan Dollar is valuable due to its rarity, limited mintage of just 350,000 coins, and high demand from collectors. Coins in excellent condition or with unique toning can sell for over $660,000.
What makes the 1889-CC Morgan Dollar unique?
This coin was minted at the Carson City Mint, which has a rich history. Its limited production, beautiful toning, and exceptional quality make it one of the most sought-after coins by collectors.
How much is the 1889-CC Morgan Dollar worth?
The value of the 1889-CC Morgan Dollar can vary depending on its condition. In high grades (like MS65+), it can be worth up to $660,000 or more, especially at auction.