This specific piece represents a United States silver coin minted in 1889 at the Carson City Mint. Featuring a depiction of Liberty on the obverse and an eagle on the reverse, it is composed of 90% silver and 10% copper. The “CC” mintmark signifies its origin at the Carson City Mint in Nevada, a branch of the U.S. Mint that operated from 1870 to 1893. Examples from this mint are often sought after by collectors due to their relatively low mintage numbers compared to other mints like Philadelphia or San Francisco.

The significance of this coin stems from its historical context and the rarity associated with its mint. The Carson City Mint produced coins during a period of significant silver mining activity in the American West, contributing to the economic development of the region. The relatively limited quantities of these coins produced compared to other mints make them desirable collector’s items, often commanding a premium in the numismatic market. Their value is influenced by factors such as condition, rarity, and the demand from collectors.

Further aspects to consider when evaluating these coins include their grading, authentication, and the factors that influence their market value, which will be explored in subsequent sections. These considerations are vital for both novice and experienced numismatists interested in understanding the intricacies of this particular coin.

1. Carson City Mint

The Carson City Mint is inextricably linked to the identity and value of an 1889-CC Morgan Silver Dollar. The “CC” mintmark on the coin directly indicates that it was struck at this specific branch of the United States Mint, located in Carson City, Nevada. This origin is not merely a geographic detail; it is a primary factor influencing the coin’s collectibility and market price. The Carson City Mint operated for a relatively short period and produced smaller quantities of coins compared to the Philadelphia or San Francisco Mints. This limited production translates to greater scarcity for coins bearing the “CC” mintmark.

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The historical context further amplifies the importance of the Carson City Mint. Established during the height of the Comstock Lode silver boom, the mint played a crucial role in processing the silver extracted from the Nevada mines. Consequently, the coins produced at Carson City are tangible artifacts of this significant period in American history and economic development. For example, an 1889 Morgan Silver Dollar struck in Philadelphia carries a certain historical value, but an 1889-CC coin carries the added weight of its direct association with the silver mining boom and the specific operational history of the Carson City Mint.

Therefore, the “Carson City Mint” component of the “1889-CC Morgan Silver Dollar” is fundamental to its numismatic significance. Its presence signifies a coin of limited mintage, originating from a mint with a unique historical narrative. This understanding is essential for collectors assessing the coin’s authenticity, determining its value, and appreciating its place within the broader landscape of American coinage. Removing the “CC” mintmark, hypothetically, from an 1889 Morgan Silver Dollar drastically reduces its value and historical appeal, demonstrating the practical importance of this specific mint’s association with the coin.

2. Silver Content

The silver content of an 1889-CC Morgan Silver Dollar directly influences its intrinsic value and market price. This coin is composed of 90% silver and 10% copper, with the silver component being the primary driver of its raw material worth. The fluctuating price of silver on the commodities market directly correlates to the base value of the coin, regardless of its condition or numismatic significance. An increase in the spot price of silver will elevate the floor value of the coin, while a decrease will lower it. For example, if silver is trading at $25 per ounce, the silver content of an 1889-CC Morgan Silver Dollar contributes a calculable base value to its overall worth. This intrinsic value acts as a safeguard against the coin becoming entirely worthless, even in a scenario where its collectibility diminishes.

Furthermore, the silver content plays a role in the coin’s historical significance. The Morgan Silver Dollar was authorized by the Bland-Allison Act of 1878, which mandated the U.S. government to purchase large quantities of silver for coinage. This act was, in part, a response to pressure from silver mining interests in the Western United States. The 1889-CC Morgan Silver Dollar, therefore, serves as a tangible representation of this historical policy and the economic forces that shaped the late 19th-century American economy. The physical presence of silver within the coin links it directly to the debates and policies surrounding silver coinage during that era. The coin’s 90% silver composition anchors it to this narrative in a way that a base metal token simply could not.

In summary, the silver content of an 1889-CC Morgan Silver Dollar is a critical factor in determining its value and understanding its historical context. It provides a base level of intrinsic worth tied to the commodities market, while also connecting the coin to the significant silver policies of the late 19th century. While factors like condition and rarity can significantly increase the coin’s value beyond its silver content, understanding the fundamental role of silver in the coin’s composition is essential for any collector or investor. The challenge lies in separating the intrinsic silver value from the numismatic value, a skill necessary for making informed decisions in the coin market.

3. Rarity

The rarity of an 1889-CC Morgan Silver Dollar is a primary determinant of its value in the numismatic market. The Carson City Mint produced a relatively small mintage of these coins compared to other mints, immediately establishing a foundation for scarcity. This limited initial supply creates a fundamental condition for rarity. Furthermore, factors such as melting, loss, and damage over time have reduced the number of surviving specimens. This attrition further compounds the initial scarcity, increasing the value of the remaining coins. For example, an 1889 Morgan Silver Dollar minted in Philadelphia may be relatively common and readily available, whereas the 1889-CC variant commands a significant premium due to its lower survival rate and lower original mintage. Without the element of rarity, the 1889-CC Morgan Silver Dollar would be substantially less valuable, irrespective of its silver content or historical context.

The grading services provided by organizations like PCGS and NGC play a crucial role in quantifying the rarity of these coins. A coin graded in uncirculated condition (MS) is significantly rarer, and thus more valuable, than a circulated specimen. The combination of low mintage and high grade creates a multiplicative effect on value. For instance, an 1889-CC Morgan Silver Dollar in MS65 condition is exponentially rarer than one graded AU50. The pursuit of these high-grade examples drives intense competition among collectors, pushing prices upward. The rarity, as certified by grading services, directly translates into tangible monetary value. The implication of this understanding directly impacts buying and selling practices. The knowledge of the mintage figures will also affect an investor’s choices.

Ultimately, the rarity of the 1889-CC Morgan Silver Dollar is a complex interplay of original mintage, survival rates, and condition. This scarcity, when recognized and validated by reputable grading services, is the primary driver of its value in the numismatic market. Understanding this relationship is essential for anyone interested in collecting, investing in, or simply appreciating this specific coin. The challenge, however, lies in accurately assessing the degree of rarity and understanding its implications for the coin’s long-term value. The coin’s appeal is rooted in its low mintage, a key factor in its present high value and demand.

4. Condition Grading

Condition grading is a critical factor influencing the value and desirability of an 1889-CC Morgan Silver Dollar. The grade assigned to a coin reflects its physical state, indicating the degree of wear, surface preservation, and overall visual appeal. Professional grading services provide standardized assessments, allowing collectors and investors to compare and evaluate coins objectively. The assigned grade directly impacts the market value of the coin.

• Impact of Wear on Grade

  Wear, resulting from handling and circulation, is a primary determinant in assigning a grade. Coins showing significant wear, such as flattened details, smoothed surfaces, and indistinct features, receive lower grades. An 1889-CC Morgan Silver Dollar exhibiting heavy wear is less desirable and commands a lower price compared to a coin with minimal wear. The degree of wear present directly correlates to the assigned grade and, consequently, its market value.

• Importance of Surface Preservation

  The surface condition, including the presence of scratches, abrasions, and other imperfections, is closely examined during grading. A well-preserved surface enhances the coin’s visual appeal and contributes to a higher grade. An 1889-CC Morgan Silver Dollar with minimal surface damage is more valuable than one with extensive scratches or cleaning marks. The condition of the surface contributes significantly to the final assigned grade. Coin cleaning is generally frowned upon, and can significantly impact the grade.

• Grading Scales and Standards

  Standardized grading scales, such as the Sheldon Scale, provide a framework for assigning numerical grades to coins. These scales range from 1 (Poor) to 70 (Perfect Mint State). Professional grading services adhere to these established standards, ensuring consistency in grading practices. An 1889-CC Morgan Silver Dollar graded MS-65 (Mint State Grade 65) is considered to be in exceptional condition and commands a substantial premium over a coin graded, for example, VF-20 (Very Fine Grade 20). A lack of standard for coin grading would be confusing for investors.

• Authentication and Slabbed Coins

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  Condition grading is often coupled with authentication to ensure the coin is genuine and unaltered. Grading services encapsulate graded coins in protective holders (“slabs”), providing an additional layer of security and assurance to buyers and sellers. An 1889-CC Morgan Silver Dollar authenticated and graded by a reputable service provides confidence in its genuineness and condition. “Slabbed” coins often achieve higher prices in the market compared to raw coins, due to the perceived security and objective assessment they offer.

The condition grading process offers a structured and objective assessment of an 1889-CC Morgan Silver Dollar’s physical state, directly impacting its value and collectibility. This assessment considers wear, surface preservation, and adherence to standardized grading scales. The combination of grading and authentication provides buyers with confidence in their purchases, making condition grading an essential aspect of the numismatic market.

5. Numismatic Value

The numismatic value of an 1889-CC Morgan Silver Dollar transcends its intrinsic silver content, reflecting its worth as a collectible artifact. This value is influenced by a confluence of factors, including rarity, condition, historical significance, and market demand. A key driver is the “CC” mintmark, indicating its origin at the Carson City Mint, which had a lower mintage compared to other mints. Well-preserved examples command significant premiums due to their scarcity and aesthetic appeal. For example, an 1889-CC Morgan Silver Dollar in MS65 condition can fetch prices significantly higher than its melt value, demonstrating the impact of numismatic factors. Understanding these drivers is essential for assessing the coin’s fair market value.

Condition grading provided by reputable services such as PCGS and NGC directly impacts the numismatic value. A coin graded as Mint State (MS) is generally more valuable than a circulated specimen, with higher grades correlating to higher values. This effect occurs because the physical condition serves as a proxy for its preserved historical integrity. Moreover, the coins certification provides a layer of guarantee about its authenticity and grading standards. This grading practice ensures greater transparency and trust among investors. For example, a coin graded as AU50 will fetch a lower price in comparison to an MS65 coin, a result of differences in preserved state. Investors must be conscious of the influence condition has on the coins monetary assessment.

In summary, the numismatic value of an 1889-CC Morgan Silver Dollar stems from its limited production, condition, and the unique history tied to the Carson City Mint. This value greatly exceeds the coin’s intrinsic silver content, a factor that makes it an appealing collectible item for enthusiasts and investors. The interplay of these factors, especially the grading services and market demand, will ultimately dictate the price that an 1889-CC Morgan Silver Dollar commands. It is crucial to consider each of these aspects when evaluating, buying, or selling the coin. This allows you to make informed decisions in the dynamic numismatic market.

Frequently Asked Questions

The following questions address common inquiries regarding the 1889-CC Morgan Silver Dollar, providing concise and authoritative answers based on established numismatic knowledge.

Question 1: Why is the 1889-CC Morgan Silver Dollar valued higher than other Morgan Silver Dollars?

The 1889-CC Morgan Silver Dollar’s elevated value is primarily attributable to its low mintage at the Carson City Mint, coupled with its historical significance. Compared to other mints, Carson City produced fewer coins, making surviving examples scarcer and more desirable among collectors.

Question 2: How does the condition of an 1889-CC Morgan Silver Dollar affect its value?

The condition of an 1889-CC Morgan Silver Dollar is a critical determinant of its value. Coins in better condition, with minimal wear and well-preserved surfaces, command significantly higher prices than those exhibiting substantial wear or damage. Professional grading services provide standardized assessments of condition.

Question 3: What does the “CC” mintmark signify on an 1889 Morgan Silver Dollar?

The “CC” mintmark indicates that the coin was struck at the Carson City Mint in Nevada. This mintmark is highly sought after by collectors due to the limited production and historical context associated with the Carson City Mint’s operation during the silver mining boom.

Question 4: How can one authenticate an 1889-CC Morgan Silver Dollar?

Authentication involves verifying the coin’s genuineness through careful examination of its design details, weight, and metallic composition. Reputable third-party grading services are often employed to provide professional authentication and grading, encapsulating the coin in a tamper-evident holder.

Question 5: What is the silver content of an 1889-CC Morgan Silver Dollar, and how does it influence its value?

The 1889-CC Morgan Silver Dollar contains 90% silver and 10% copper. While the silver content contributes to the coin’s intrinsic value, its numismatic value, driven by rarity and condition, typically far exceeds its melt value.

Question 6: Where can one find reliable pricing information for an 1889-CC Morgan Silver Dollar?

Reliable pricing information can be obtained from reputable coin dealers, auction records, and price guides published by established numismatic organizations. These sources provide market data based on actual sales and expert analysis.

The preceding questions and answers serve as a foundational guide for understanding the key aspects influencing the value and desirability of the 1889-CC Morgan Silver Dollar.

Subsequent sections will delve into specific aspects of grading, authentication, and market trends affecting this iconic coin.

Tips for Evaluating 1889-CC Morgan Silver Dollars

The following tips provide guidance for individuals interested in evaluating 1889-CC Morgan Silver Dollars, focusing on key factors that influence their value and collectibility.

Tip 1: Examine the Mintmark: Verify the presence and authenticity of the “CC” mintmark. Counterfeit coins often lack a properly formed or positioned mintmark. Consult reputable resources to compare the mintmark with known examples.

Tip 2: Assess the Coin’s Condition: Evaluate the coin’s condition using established grading standards. Pay close attention to wear patterns, surface preservation, and the presence of scratches or other damage. Uncirculated examples command significant premiums.

Tip 3: Investigate Mintage Figures: Understand the mintage figures for the 1889-CC Morgan Silver Dollar. Low mintage numbers contribute to rarity and increased value. Consult historical records to verify mintage data.

Tip 4: Research Provenance: Investigate the coin’s provenance, if possible. Coins with documented histories or connections to notable collections may be more valuable. Reputable auction houses often provide provenance information.

Tip 5: Seek Professional Authentication: Obtain professional authentication and grading from reputable services such as PCGS or NGC. These services provide expert assessment and encapsulate coins in tamper-evident holders, enhancing their marketability.

Tip 6: Compare Market Prices: Monitor market prices from reputable sources, including auction records, dealer listings, and price guides. This research will provide a benchmark for determining fair market value.

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Tip 7: Consider Eye Appeal: Assess the coin’s overall aesthetic appeal. A coin with attractive toning or exceptional luster may be more desirable to collectors, even within the same grade.

These tips provide a framework for evaluating 1889-CC Morgan Silver Dollars, highlighting the importance of authenticity, condition, rarity, and market knowledge. Adhering to these guidelines can help individuals make informed decisions when buying, selling, or collecting these coins.

Further investigation into specific grading standards and market trends is recommended for a more comprehensive understanding of the 1889-CC Morgan Silver Dollar’s value.

Concluding Remarks on the 1889-CC Morgan Silver Dollar

This examination has underscored the multi-faceted nature of the 1889-CC Morgan Silver Dollar. Its intrinsic value, derived from silver content, is overshadowed by numismatic factors such as its origin at the Carson City Mint, the limited mintage, and the condition of surviving specimens. The “CC” mintmark serves as a key identifier, instantly linking the coin to a historically significant period of silver production in the American West. Professional grading services play a vital role in establishing a coin’s condition, thereby significantly impacting its market value. Market demand, influenced by rarity and collector interest, further shapes the coin’s worth.

The enduring allure of the 1889-CC Morgan Silver Dollar lies in its tangible connection to American history and its inherent scarcity. Its value, both financial and historical, demands diligent research and informed evaluation. As market dynamics evolve, continued vigilance and adherence to established numismatic principles remain essential for all stakeholders invested in this iconic coin.