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The 1889-CC in Mint State is the most elusive Carson City Morgan dollar and far surpasses its closest rivals, the 1879-CC and 1893-CC, in rarity. Offerings of higher-grade coins are apt to be one at a time instead of by the roll or bag. Relatively few coins were released for circulation in the year of mintage. The 1889-CC is very rare in worn grades. In 1992, the coin in worn grades was the second most valuable, after the 1893-S among circulation strike Morgan dollars. Mint State 1889-CC pieces are few and far between. Coins usually show an average strike at best. The luster varies from shallow to satiny to frosty.
This rare date can be found in circulated grades on occasion, running the gamut from well-worn Good to AU with many of the survivors in the EF-AU range. Far more collections have circulated examples than have Uncirculated coins.
A rare prize in Mint State, this date is often found prooflike. MS-60 to 62 are the grades typically encountered, and anything above that level is a remarkable coin indeed. Gems exist but are priced at lofty levels out of the reach of most collectors. If a Mint State-63 coin can be found with not too many bagmarks and solid design details, and if your bank account is well fortified, by all means snap it up!
None produced.
The example to the left was sold by Stack's Bowers Galleries in the March 2021 Showcase Auction, where it realized $50,400.
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