Coin Specifications

Category: Morgan Dollars (1878-1921)
Mint: Carson City
Mintage: 677,000
Catalog: KM-110
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $12.27 (10/9/2015)
Diameter: 38.1mm
Numismatic specification data provided by Krause Publications NumisMaster.
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1893 CC S$1 MS obverse 1893 CC S$1 MS reverse

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There are no NGC varieties for this coin.

Description & Analysis

Anyone who has ever been to Carson City, Nevada, has probably walked or driven past the old mint. For coin collectors the little stone building is nostalgic, a place that lures our imaginations back to a time of simplicity in the American West. Most of the public, of course, has no idea that this place on the main street, just a few blocks from the seat of state government and within "jingling" noise distance of the casinos, once poured out a river of beautiful, bright, brand-new coins, mostly silver coins, made from ore taken from mines not far away. The Comstock Lode created Nevada's first millionaires, out of ordinary men. At first they had no market for their product. The Bland-Allison Act of 1878 was a political boondoggle of its time, a favoritism of American brand, born to use up the tons of silver that eventually shored up the wealth of the Treasury, but in 1878 was a godsend to nobody but the silver miners. A dozen years after the Morgan dollar was born, millions sat unused in government vaults as backing for the increasing volume of paper currency "certificates" in circulation. In 1890, the Bland-Allison Act was repealed. The Sherman Act replaced it on July 14 of that year. In his masterful study Fractional Money, Neil Carothers explains that "Under the new provisions the Treasury was to buy 4,500,000 ounces of silver per month, to be paid for with Treasury notes that were to be legal tender. The notes were to be redeemable in gold coin or in silver dollars coined from the bullion purchased." This act, in fact, bolstered government support for Nevada's silver miners, providing a use for their product. Some 5.8 million silver dollars were minted every month beginning in 1890, yet most of the Treasury notes were redeemed in gold. The government's vaults soon bulged with gleaming new silver dollars. "In 1893," Carothers notes, "a series of adverse economic developments brought disaster to the Treasury." Its store of gold was being rapidly diminished, while silver was accumulating. "This operation, which would eventually destroy the solvency of the government, was merely the process by which the excessive issues of silver dollars and paper money were displacing gold ... " which was being exported to Europe. In 1890 the Sherman Act was repealed. "As a net result of the laws of 1878 and 1890 the country acquired approximately 570,000,000 silver dollars," Carothers states. Politicians argued the merits of gold versus silver. Silver dollars circulated mainly in the west and south. When the Carson City Mint was closed in 1893, the nation was awash in silver dollars, gleaming new coins not quite worth their intrinsic value. It was the end of an era at Carson City, and an alluring rarity was born.

Even if the 1893-CC silver dollar was not a low mintage issue with a low survival rate, it would still be popular as the final year of issue, just as the 1893-CC double eagle is of interest to collectors.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


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Price Guide

Last Updated: 9/22/2015

Click on a price to see historical prices, comparison charts and trends.

1893 CC S$1 MS
Base $ 215 280 370 730 1500 2350 2750 3000 3700 5400 6750 10000 17750 71000 120000 210000 - - -
$ 1700 - - - - - 7750 11750 27000 - - - -
1893 CC S$1 MS Prooflike
Base $ - - - - - - - - 4000 5850 8000 12750 33500 - - - - - -
$ - - - - - - - - - - - - -
1893 CC S$1 MS Deep Prooflike
Base $ - - - - - - - - - 7250 9500 19500 55000 - - - - - -
$ - - - - - - - - - - - - -

The World Coin Price Guide is independently compiled by Krause Publications’ NumisMaster. NGC makes this information available to its website visitors as a free service, but in no way does the information provided represent NGC’s official opinion or policy. For example, varieties listed in the World Coin Price Guide may not necessarily be recognized by NGC. Please contact NGC Customer Service with any questions.

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Total Graded: 4047
Low Grade: PrAg
Average Grade: 50
High Grade: 66

Upcoming Auctions

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
1/21/1998 NGC VG 8   Teletrade Auction 1017, 1017/Lot# 1786 $70.85
2/1/2009 NGC VF 20   Goldberg February 1-4, 2009 Pre-Long Beach Coin and Currency Auction, 51/Lot# 1222 $517.50
6/2/2010 NGC XF 45   Heritage Auctions 2010 June Long Beach, CA Signature US Coin Auction #1140, 1140/Lot# 1155 $1,265.00
9/4/2011 PCGS MS 63   Bonhams Coins and Medals, 19251/Lot# 1068 $4,329.00
9/18/2011 PCGS XF 45   GreatCollections GreatCollections Coin Auctions 09/18/2011, 136/Lot# 17618 $1,507.00
9/8/2013 NGC G 4   Heritage Auctions Internet Coin Auction Session(1), 131338/Lot# 28270 $158.63
4/6/2014 PCGS G 4   David Lawrence Rare Coins Internet Auction # 798, 807/Lot# 900 $210.00
6/30/2014 NGC AG 3   Stack's Bowers iAuction 3488, 6037/Lot# 20506 $203.28

NGC Registry

NGC Registry Score 1893 CC S$1 MS
1893 CC S$1 MS Prooflike
1893 CC S$1 MS Deep Prooflike
Registry Image Gallery
Grade: MS 64
Points: 5574
Owner: Dr. B K
Grade: MS 61
Points: 3786
Owner: TopnotchCoins
View the Registry Image Gallery

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