Lot 1206
1893-CC $5 Liberty. NGC graded MS-64. Lustrous, satiny, and definitely choice for the grade. Attractive warm golden red iridescence graces the obverse; the reverse shows lively warm golden red toning as well. Nicely struck. This handsome 1893-CC is one of 60,000 examples of the date struck during the final year of coinage operations in Carson City. A prized rarity in Mint State. Several dozen 1893-CC half eagles are believed to exist in Mint State, but with relatively few exceptions these are clustered around the MS-60 and MS-61 categories, and cluttered around with bagmarks, with some probably more properly being About Uncirculated 58. The currently offered MS-64 coin is very important. Pop 7; 3 in 65, none finer.
In 1893 Augustus G. Heaton commented in his Mint Marks treatise that alert collectors would be well advised to purchased current Carson City coins, such being readily available at face value. Apparently, few if any individuals heeded his advice. So far as we know, not more than two or three numismatists took notice of these coins during the year of issue. At the time, a change in the administration in Washington, D.C. brought into power President Grover Cleveland, who, as an economy move, shut down the Carson Mint as superfluous when there was a more productive facility only a couple of hundred miles away in San Francisco.
Estimated Value $13,000 - 15,000.
Ex: Ashland City.
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| Realized $13,800 |
