Price: 1,725.00 - SOLD - 1/26/2013* Free Shipping and Insurance for coins at $10K or above.
1889-CC Morgan Dollar - 1889-CC Morgan S$1 NGC VF25 CAC. This nicely toned 1889-CC Morgan Dollar has light, mainly white, devices against darker toned fields, creating an almost cameo effect. The fields are a mixture of tan, green, blue, and gold, with gold being slightly more prominent on the reverse. The grade of VF25 is confirmed by the CAC sticker. About two-thirds of Libertys hairlines show. The surfaces are original, attested to by the color seen on both sides, and clean for the grade with no notable abrasion marks. The ear is very well defined, and the hair above the forehead is plain. Some feathers show on the eagles breast except at the center, in keeping with the grade. The presence of the CAC sticker also indicates that the coin is of premium quality and fully merits the grade assigned.
When first discovered, gold and silver found in Nevada had to be shipped over the Sierra Nevada Mountains to the branch mint in San Francisco. This trip was dangerous and expensive. The Nevada mine owners asked Congress to establish a branch of the mint in their state, and legislation was enacted in 1863. Carson City was chosen as the location for the mint facility because it was near some of the major mining sites. In 1873 silver was demonetized; however, the Bland-Allison act of 1878 required the Treasury Department to coin two to four million silver dollars each month. The act attempted to keep silver at artificially high levels. Large quantities of Morgan dollars were minted, but they did not circulate well and were kept in Treasury storage vaults.
In 1884 Democrat Grover Cleveland became president. He fired all the Republican appointees including the top officials at the Carson City Mint and shut it down. A year later it reopened as an assay office. When Republican Benjamin Harrison became president, he fired Clevelands appointees and replaced them with Republicans. In 1889 coining operations resumed.
George T. Morgan designed the dollar. The only complaint with the design was that Liberty was too heavy. For his model, Morgan used Anna Williams, a school teacher from Philadelphia. Charles Barber also submitted a design. His design showed Liberty as also being too heavy, but she was also dumpy looking and had a fat neck. Morgans reverse showed an eagle that looked unnatural. Barbers seemed more real. In any case, it was Morgans designs that were selected for the dollar. It is an irony that the first Morgan dollar was presented to Rutherford B. Hayes, the president who had vetoed the authorizing act.
Morgan was born on January 4, 1845 in Birmingham, England. Morgan attended the Birmingham Art School and won a scholarship to the South Kensington Art School. He worked as an assistant under the Wyons at the British Royal Mint. In 1876 Morgan immigrated to the United States and was hired as an assistant to William Barber at the United States Mint. Morgan reported directly to Mint Director Henry R. Linderman, whose office was moved to Washington D.C. in 1873, no doubt upsetting Engraver Barber and his son, Assistant Engraver, Charles Barber. Morgan was involved in the production of pattern coins from 1877 until his death in 1925. He designed varieties of the 1877 half dollar, the Schoolgirl dollar of 1879, and the Shield Earring coins of 1882. He became the seventh Chief Engraver in 1917 with the death of Charles E. Barber. Today, Morgan is most known for his design of the Morgan Dollar of 1878 to 1921. A recently found, although never released design was for the $100 Gold Union.
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