1889-CC $1 MS (PCGS# 7190)

The August 2013 Chicago ANA World's Fair of Money

  • Auctioneer:
    Stack's/Bowers
  • Lot Number:
    4374
  • Grade:
    MS68
  • Price:
    $881,250.00
Lot Description
All bets will be off, the room will be up for grabs and the sky will be the limit when this crosses the auction block! We expect a lot of excitement. In addition to the Ultra Gem grade there is no finer pedigree than the Louis E. Eliasberg Collection.&nbsp;This smooth and silky&nbsp;Morgan dollar&nbsp;softly mingles mint brilliance&nbsp;with a casual blend of champagne gold throughout, all&nbsp;coupled with rich royal blue, crimson, and deep gold at the rims and among the devices.&nbsp;Try as you might, even under low magnification, you won't find a mark or blemish worthy of discussion here. Well-known as the rarest of all dates in the Carson City Morgan dollar series -- with only the 1879-CC and the 1893-CC issues giving it a run for the money but only&nbsp;in the lower range of Mint State -- the 1889-CC blossoms into its true rarity status at MS-64 or so. Once you move beyond a MS-64 piece, you are in&nbsp;territory as rare as the coin itself. <strong><em>The present Gem is undoubtedly the finest certified example of the date from any major third-party grading service;</em></strong> it is three grading points finer than the next-best graded from PCGS, that piece "just" MS-65. It is a full grading point finer than the best the NGC <em>Census </em>has to report. The pedigree is as impeccable as the coin itself, having resided in the collections of John G. Mills, sold by S. &amp; S.H. Chapman in April 1904 -- Mills evidently hand-picked the coin at a time when collecting branch mint coinage was in its infancy in America; J.M. Clapp; John H. Clapp; the Clapp Estate; Richard E. Eliasberg, Sr., in which collection it remained for 55 years before making its next public auction debut. When offered by Bowers and Merena in the landmark sale of the Louis E. Eliasberg, Sr. Collection, April 1997, lot 2280, the then-uncertified piece -- called MS-66 in the catalog -- realized $462,000 after an intense bidding war. In today's robust numismatic market, we have reason to believe
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