To those who are not familiar with the intricacies of the Carson City Mint Morgan dollar series, the 1892-CC might at first seem like a common issue in Mint State. After all, the issue does have a generous mintage of 1.3 million pieces, and the lower mintage 1880-CC, 1881-CC and 1885-CC are readily obtainable in all grades from MS60 to MS65 (if not even MS66). Those 1880s issues, however, were widely represented in the GSA sales of CC-mint silver dollars conducted from 1972 through 1980, thus explaining the relative commonness of Mint State coins in today's market. For the 1892-CC, on the other hand, a single coin is all that the GSA counted among its holdings. Without the benefit of a large influx of coins from that source, the 1892-CC actually numbers among the scarcer Carson City Mint Morgans even in lower Mint State grades, and despite the aforementioned generous mintage.
In Gem Mint State this issue is an important condition rarity. An impressive piece in all regards, both sides are possessed of a brilliant, otherwise frosty textured sheen that yields to decided semi-prooflike reflectivity in the fields. Fully struck throughout, and uncommonly free of even trivial distractions. (PCGS 7214)