Lot 2039
1892-CC Morgan Dollar. PCGS graded MS-65. Well struck and white. Swirls of silvery cartwheel luster with richer texture than average for an 1892-CC. Topping this, the dies left their rigid impression behind without the least weakness or imprecision, which should be of prime importance to bidders looking for the best.
Unlike some of the other Carson City Mint dates in the Morgan Dollar series, the '92-CC was not found in the 1962-1964 Treasury Department releases to any extent. It seems that when the federal government halted distribution from this source in March 1964, only a single example of this issue remained. Nevertheless, numismatists have never really considered the 1892-CC to be a rare coin in Gem Mint State, at least not in an absolute sense, but events are beginning to sway that impression. Since most examples at that level are noticeably (if not heavily) bagmarked, however, the this particular example is a well-respected condition rarity at or above the Gem threshold (PCGS # 7214) .
Estimated Value $7,500 - 8,000.
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| Realized $8,338 |
