1889-CC $20 NGC AU58
CAC. One of the nicest 1889-CC Double Eagles
for under 10K you will ever see, this highly
lustrous and really premium quality Type 3 double
eagle gold coin from Carson City is only matched
by 9 other specimens with only others with claims
to higher grades. Yup, only 10 coins including
this really exceptional specimen have been given
the green sticker stamp of approval by CAC.
You have the opportunity to view this coin first
, for only $9,250.00 total, we will include
insured express shipping and our own Photo-Specimen.
Authorized in 1863, the Carson
City Mint began coinage in 1870 and continued
until 1893. It was then operated as a government
assay office until 1933 when it was closed
as a cost cutting measure. During its operation
it made fifty-seven different types of gold
coins. It also converted gold bullion and
oar into gold bars, which were shipped to
San Francisco for coinage there. Coins issued
from the Carson City used the CC mint mark.
Originally established to convert silver from
the Comstock Lode to coinage, the Carson City
Mint also processed gold in to gold coins.
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.
Between 1870 and 1873, mintage
at Carson City was limited because of political
reasons. The Mint Superintendent, H.F. Rice
was dismissed because of claims that the mint
issued some light weight and debased coins.
Rice could have been executed. This partly
verified information led to frequently seen
edge test marks on the gold pieces of this
period. Those who wanted the Carson City Mint
closed use this discovery to urge the closing.
Their real motive was that they wanted the
lucrative shipping contracts to move the oar
to San Francisco.
The first coin produced was
the Liberty Seated 1870-CC dollar. A person
who had deposited silver at the mint received
2,303 silver dollars. Shortly afterwards,
gold eagles, half eagles and double eagles
were struck. The Mint did not strike coins
made of copper or nickel, and it never struck
half dimes, gold dollars, quarter eagles,
or three dollar gold coins.
In 1873 silver was demonetized;
however, the Bland-Allison act of 1878 required
the Treasury Department to coin two to four
million sliver 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 Cleveland’s appointees and
replaced them with Republicans. In 1889 coining
operations resumed.
In its population report,
CAC shows 10 1889-CC coins in AU58 condition
with 5 higher.
AND NOW YOU HAVE A CHANCE TO PURCHASE
THIS 1889-CC $20 NGC AU58 CAC. BUY
IT HERE !
