The election of Benjamin Harrison as President in 1888 was a boon to the powerful Silver Lobby. A pro-silver Republican, Harrison allowed the Carson City Mint to resume coinage operations in 1889. Although the facility officially reopened its doors on July 1 of that year, the first Morgan dollars were not delivered until October. By year's end, a paltry total of just 350,000 pieces had been achieved.
When offered in Mint State at all, the 1889-CC is apt to be in lower grades with extensively bagmarked surfaces. On the other hand, approximately 50% of extant Mint State coins are Prooflike, if not Deep Mirror Prooflike--a total that should come as no surprise for a low mintage issue. Uncommonly well preserved, this minimally abraded example is free of individually distracting bagmarks. Both sides are untoned with pleasingly reflective fields supporting sharply impressed devices. The latter features are very softly frosted in texture with the result that modest cameo contrast is evident at a few angles. One of the highlights of this important sale. (PCGS 7191)
US$ 125,000 - 145,000
£100,000 - 120,000