1879-CC $1 MS (PCGS# 7086)

2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago #1208

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    5607
  • Grade:
    MS65
  • Price:
    $49,937.50
Lot Description
1879-CC $1 MS65 NGC. Ex: GSA Hoard. Millions of Carson City Morgan silver dollars were retained in Treasury vaults for several decades until they were offered for sale to collectors in the 1970s. Most of those coins were dated 1882, 1883, and 1884. The Government Services Administration administered the sale that offered 2.8 million Carson City dollars of nearly ever date. One-third of the total, almost 1 million coins, were 1884-CC dollars. For perspective, only 4,123 1879-CC dollars were distributed. Gem examples are seldom encountered whether they were from the GSA hoard or from other sources. NGC and PCGS have certified 147 examples as MS65, and only four finer (7/14). This lovely piece is brilliant and untoned with exceptional surfaces and frosty silver luster. Census: 43 in 65 (1 in 65+, 1 in 65 S), 2 finer (7/14).
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