The 1889 Morgan Silver Dollar is one of the most valuable coins in history, with some examples selling for as much as $880,000. This coin has fascinated collectors for decades due to its rarity, unique features, and historical significance. Understanding what makes this coin so special can help you determine if you might have a hidden treasure in your collection.
Why Is the 1889 Morgan Silver Dollar So Valuable?
The 1889 Morgan Silver Dollar from the Carson City Mint (marked “CC”) is extremely rare because only a limited number of them were produced. This low mintage combined with high demand from collectors has significantly increased its value.
Features of the 1889 Morgan Silver Dollar
The coin features a portrait of Lady Liberty on the front and an eagle on the back. The “CC” mintmark for Carson City is what makes certain 1889 Morgans highly valuable, as they were produced in very small numbers compared to other mints.
How Rare Is the 1889 Morgan Silver Dollar?
The 1889 Carson City Morgan Silver Dollar is rare because many of the coins minted at Carson City were melted down, making the remaining coins highly sought after by collectors.
How Much Can the 1889 Morgan Silver Dollar Be Worth?
A standard 1889 Morgan Silver Dollar can be worth hundreds or thousands of dollars, but the rare Carson City version in excellent condition has fetched prices as high as $880,000 at auctions.
How to Check If You Have a Valuable Morgan Silver Dollar
To determine if your Morgan Silver Dollar is valuable, check for the “CC” mintmark on the reverse side under the eagle. If it’s an 1889 Carson City coin and is in great condition, it could be worth a fortune.
The 1889 Morgan Silver Dollar is a prized possession for coin collectors, especially those minted in Carson City. With only a limited number still in existence and the potential to sell for as much as $880,000, this coin’s value continues to rise. If you have one of these rare coins, it’s worth getting it appraised to find out its true worth
Why is the 1889 Morgan Silver Dollar so valuable?
The 1889 Morgan Silver Dollar is valuable due to its rarity, especially the ones minted in Carson City, which were produced in very low quantities.
What is the highest price ever paid for a 1889 Morgan Silver Dollar?
The highest price paid for a Carson City 1889 Morgan Silver Dollar is $880,000 at auction.
How can I tell if my Morgan Silver Dollar is valuable?
Look for the “CC” mintmark on the reverse side of the coin under the eagle. Coins with this mark, especially from 1889, are highly valuable.
What makes Carson City Morgan Silver Dollars so rare?
Many Carson City Morgan Silver Dollars were melted down, leaving very few in circulation, making them rare and highly sought after by collectors.
Is every 1889 Morgan Silver Dollar worth a lot?
While all 1889 Morgan Silver Dollars have some value, the ones minted in Carson City with the “CC” mintmark are the most valuable, especially in good condition.
