1893-CC $1 MS (PCGS# 7222)

PN Silver Dollar Session

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    5015
  • Grade:
    MS66
  • Price:
    $92,000.00
Lot Description
1893-CC $1 MS66 PCGS. Ex: Jack Lee. Among the most interesting coincidences in U.S. Mint lore is the "Rule of 23," which suggests that mints will last for a period of approximately 23 years or extend their lifespan for over a century. Charlotte (1838-1861), Dahlonega (same years), and the first iteration of the New Orleans Mint (same years) all fit into the former category, while Philadelphia, Denver, and San Francisco have enjoyed at least a century of longevity. The "Rule of 23" bodes well for West Point, which passed through its "danger year" of 2007 largely without incident. After the Southern gold mints were shuttered, another Mint began operations in 1870, this one in a dusty town in the Nevada desert, Carson City. Like Charlotte and Dahlonega, it had a tumultuous history, with production in fits and starts. It did not take anything like the Civil War to shut down the Carson City Mint, however; instead, an administrative decision demoted Carson City to an Assay Office in 1893, 23 years after production started. In its final year of existence as a mint, Carson City struck both gold coins and silver dollars. Judging by the combined certified population, which shows this to be the only MS66 1893-CC Morgan dollar with any reflectivity designation (11/08), there is a strong argument to be made for this example as the single most important representative of the issue ever put up for auction. The crisply struck portrait and eagle are carefully preserved, and the luster is powerful; though light gray shadings drape most of the fields, each side shows substantial mirrors, and one could make the case that the present piece deserves a Prooflike designation. Eye appeal is spectacular. An incredible opportunity for the Morgan dollar connoisseur. From The Arno Collection. See: Video Lot Description
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