By order of the Treasury Secretary, the Carson City Mint ceased coining operations on June 1, 1893. Gold and silver deposits had dwindled to the point where it was costing too much to keep the mint running, although it remained open as an assay office and refinery.(1)
Ironically, 1893 was the only year of its existence in which Carson City outpaced all other U.S. Mint facilities in the issuance of Morgan dollars. Silver dollar production nationwide was severely curtailed during the Panic of 1893.
Fascinating Fact: A dozen or so proofs were struck from re-polished dies reportedly in a small ceremony to observe the end of coin production in Carson City.(3)
The 1893-CC Morgan dollar in any grade is cherished by collectors because of its scarcity and its status as the last of its kind. Long term value trends are strongly positive, though this esteemed date has lost some of its luster since the 2008-2012 timeframe. This situation most likely will be corrected in the not-so-distant future.
Please Note: For the Morgan dollar price trend survey, only grades F-12, VF-20, EF-40, AU-50, and MS-60 were analyzed. Higher grades, Prooflike (PL), and Deep Mirror Prooflike (DMPL) were omitted because in these conditions, even rather ordinary Morgan dates can attain astronomical values that could easily skew results. The goal of the survey is to identify coins demonstrating superior price trend histories, regardless of grade.
|Estimated survivors in all grades: 48,935
? The survivor estimate from PCGS represents an average of one or more experts' opinions as to how many examples survive of a particular coin in all grades. Survival estimates include coins that are raw, certified by PCGS, and certified by other grading services.
Learn more at PCGS.
|PCGS Rarity Scale: 2.5
? The 'PCGS CoinFacts Rarity Scale' assesses the relative rarity of all U.S. coins, based on estimated surviving examples. The scale runs from 1.0 to 10.0. The higher the number, the rarer the coin.
Learn more at PCGS.
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|Trendline Avg = 17.34||GOOD|
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|Last updated 9-4-23||Return to Key Date Coin List|
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