1889-CC Morgan Silver Dollar. MS-61 PL (PCGS). CAC.

1889-CC Morgan Silver Dollar. MS-61 PL (PCGS). CAC.，Offered is a wonderful original and aesthetically pleasing 1889-CC, a fabled key date Morgan dollar issue. The obverse exhibits slightly mottled golden-copper iridescence that leaves a small swath of brilliance in the center. On the reverse a halo of bolder copper-gray peripheral toning is seen around an untoned center. Mirrored fields are readily evident under a light and the strike is sharp over all design elements. Very attractive for the assigned grade, this premium quality example is sure to see spirited bidding among advanced collectors.<p>The 1889-CC is the rarest Carson City Mint Morgan silver dollar, and not because the mintage of 350,000 pieces is the lowest in this mintmarked series. In fact, both the 1881-CC and 1885-CC have lower mintages, although those issues are much more plentiful than the 1889-CC in Mint State. As with so many issues in the Morgan dollar series, it is the distribution of the coins (or lack thereof) and not the mintage that defines rarity, especially in Uncirculated condition. Given the scarcity of worn examples we believe that few 1889-CC dollars were released into circulation in or near the year of issue. Rather, virtually the entire mintage was placed into storage in federal vaults, the destination for most Morgan dollars upon striking. Limited quantities were released from government holdings from the mid 1920s to the early 1960s, mostly in the West. Only a few single coins and rolls were paid out from the Treasury Department during the 1930s and 1940s, and by the time of the GSA sales of Carson City Mint Morgan dollars during the 1970s only a single 1889-CC remained in government hands. Most of the other coins that initially went into storage -- the majority of the mintage -- were undoubtedly included among the 270,232,722 silver dollars melted under provisions of the Pittman Act of 1918.<p>Given the long standing popularity of both the Morgan dollar series and Carson City Mint coinage among specialized collectors, the small number of Mint State 1889-CC dollars remaining is nowhere near adequate to meet demand. This is a particularly desirable survivor, fully prooflike, with original toning and above average preservation relative to the assigned grade. Worthy of the strongest bids.<p>，From the A.J. Vanderbilt Collection. Earlier from our (Stacks) sale of January-February 1969, lot 298. Lot tag included.，