$1 1893-CC CARSON CITY MORGAN
Lot Number:11
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Start Time:6/9/2024 4:00:00 AM
End Time:6/30/2024 10:05:00 PM
Bid Count:6
Current High Bidder:p****4
Starting Bid:$1.00
Bid Increment:$1.50
Current Bid:$21.50

The 1893-CC Morgan Silver Dollar is a coveted collector's item due to its rarity and historical significance. Here's a breakdown of what makes this coin special and factors affecting its value:

Key Date Status:

  • This issue is considered a key date in the Morgan Dollar series due to its relatively low mintage. With only around 677,000 coins minted, it pales in comparison to mintages of millions for other years in the series. This scarcity is a primary driver of its value.

Carson City Mint:

  • The "CC" mintmark indicates it was produced at the Carson City mint, which operated from 1863 to 1893. This mint is known for producing fewer coins compared to the Philadelphia mint, adding to the collectibility of the 1893-CC Morgan.

Value Spectrum:

The value of your 1893-CC Morgan Dollar hinges entirely on its condition. Here's a general range:

  • Circulated Condition: These coins have been in circulation and will exhibit wear. Depending on the details remaining, their value can range from $400 to $4,000. More worn specimens might be closer to $400, while those with a decent amount of detail remaining on Liberty's features and motto can reach higher values within this range.
  • Uncirculated Condition: Uncirculated specimens in top condition can be incredibly valuable. Professional grading services like PCGS or NGC assign a grade (MS-60 to MS-70) that determines the exact worth. Generally, higher grades with sharper details and full luster will command premium prices. An MS-64 grade can reach $10,000 or more, while exceptionally well-preserved MS-70 coins can go for significantly higher, potentially exceeding $50,000.

Additional Factors Affecting Value:

  • Mint State with Bagmarks: It's important to note that many circulated 1893-CC Morgans, even in decent grades, often have bagmarks. These are surface blemishes caused by contact with other coins in sacks during storage. While not ideal, the presence of bagmarks is somewhat tolerated for circulated Morgans from the Carson City mint, especially on lower grades. However, collectors tend to value uncirculated specimens that are free of bagmarks or have minimal marks.
  • Toning: Similar to other silver coins, toning can add a unique patina and influence the value for some collectors depending on the color and distribution. Some toning can be desirable, while others may not be.

Recommendation:

For the most accurate valuation of your 1893-CC Morgan Dollar, it's highly recommended to get it professionally graded by a reputable service like PCGS or NGC. This grading establishes the coin's condition and variety, providing a more precise market value. This information is crucial whether you intend to sell the coin or add it to your collection for safekeeping and potential future appreciation.

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Michigan
United States