Lot 1587
1889-CC. NGC graded AU-55. Well struck with plenty of luster still remaining, all untoned. Popular Key Date. Silver dollar issuance terminated in 1885 but began again in 1889 at the Carson City office creating a three-year hiatus when there were no CC dollars made. Some point to a few irregularities that had popped up which caused the Treasury Department to close the Mint while an inquiry was made. Others to the installation of a Democratic administration overseen by Grover Cleveland whose budget-cutting included the Carson mint. In 1889, Cleveland left office. In 1889, a Republican administration returned to power. In 1889, the Carson Mint received new funding. Coincidence? Upon reopening, there was only time to strike 350,000 silver dollars before the next calendar year began. Hence, this date's infrequent appearance at auction, especially in choicer grades (PCGS # 7190) .
Estimated Value $4,000 - 4,400.
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| Realized $6,325 |
