Estimated grade. Ex. Hesslein (1920) Sold by Bowers & Ruddy Mar '80 Price realized $30000
The 1893-CC $1 is an immensely popular coin because of its Mint of origin, the fact that it is the last of the CC Dollars, and because sufficient quantities remain to make it easy to obtain. The 1893-CC, along with the 1889-CC and the 1879-CC, is one of the three scarcest Morgan Dollars. Interestingly, the PCGS Population Report shows similar quantities of each, but breaking down the data shows dissimilar patterns. The 1889-CC is a great rarity in Mint State and is so valuable in all grades that thousands of circulated examples have been sent in for grading. The 1879-CC comes in two varieties (Clear and Capped Mintmarks) but, here again, a substantial percentage of submissions are of circulated examples. Not so with the 1893-CC, where the bulk of the population rests within the Mint State range. However, because of poor storage, the overall quality of the 1893-CC Dollars is lower than for both the 1879-CC and 1889-CC Dollars. The typical 1893-CC Dollar shows excessive bagmarks and sometimes comes weakly struck in the centers, as evidenced by flat hair over Liberty's ear and flat feathers on the eagle's breast. Gem 1893-CC Dollars are very rare, more so than the 1879-CC and 1889-CC, and the finest 1893-CC $1 is a single PCGS MS-66.
Branch Mint Proofs exist of this date (see PCGS nos. 7347 and 388529).
Jack Lee Collection - Arno Collection - Heritage 1/2009:5015, $92,000
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