1879-CC $1 MS (PCGS# 7086)

2014 April 23 - 27 CSNS US Coin Signature Auction - Chicago #1204

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    5643
  • Grade:
    MS66
  • Price:
    $64,625.00
Lot Description
1879-CC $1 MS66 NGC. Normal Mintmark. The 1879-CC is of course one of the three great keys to the Carson City Morgan dollar set -- or two great keys, if you consider the 1879-CC and 1889-CC to be the foremost rarities and the 1893-CC to be a lesser light, a thought that has occurred to us more than once. The 1879-CC Morgan dollars were released to circulation to a far greater extent than many Carson City issues of the time, and Mint State examples are elusive as a result. There are several hundred examples surviving in all grades of Mint State, but incessant collector demand for this, a key coin in what is likely America's most-collected single series among advanced numismatists, keeps price high. A considerable number of the survivors of this issue are Prooflike, although Gem Prooflike examples are great rarities. The present MS66 NGC-certified piece is a coin that shows much prooflike tendencies, with brilliant, reflective flash in the fields contrasted against well-frosted, devices front and back. The surfaces are untoned, further emphasizing the high degree of contrast. This piece is in the remarkably high numeric grade of MS66, a level few survivors of the issue, Prooflike or not, will ever see. NGC has seen only two examples in this grade (including the current piece), regardless of contrast level. PCGS adds two others to the number of submissions -- not necessarily separate coins -- in MS66. The only singular abrasions are one above Liberty's eye and one in the right obverse field, away from the focal points. This notably high-grade 1879-CC should no doubt soon find its way into a fine collection or Registry Set. Census: 2 in 66, 0 finer (3/14).
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