What makes a 1889 silver dollar rare?
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The rarity of an 1889 silver dollar is primarily determined by its mint mark, which indicates where it was produced. While millions were minted in Philadelphia and New Orleans, the 1889-CC coin from the Carson City mint is exceptionally rare due to its extremely low mintage and scarcity in all grades.
What makes a 1889 silver dollar valuable?
Value of 1889-CC Morgan Silver Dollar
Relatively few coins were released for circulation in the year of mintage. The 1889-CC Morgan silver dollar is very rare in worn grades. In 1992, the coin in worn grades was the second most valuable, after the 1893-S among circulation strike Morgan dollars.
How do I know if my silver dollar is rare?
Defining “Value” in Silver Dollars
A coin's worth is determined by several factors, including: Mintage Figures vs Surviving Population: The mintage figure of a coin allows for a quick judgement of a coin's rarity. Lower mintages often have fewer coins in high grades, as well as fewer surviving populations.
Where is the mint mark on a 1889 dollar?
It can be located on the back of the coin below the Eagle...the "O" mint mark is present above the letters "O" and "L" in the word "Dollar." This 1889 New Orleans Mint Morgan dollar is ranked number 78 with a mintage of 11,875,000.
How to tell if a 1 dollar coin is rare?
One of the easiest ways to tell if a coin is rare is to check the date. If the coin is from before 1800, it's likely rare. Coins minted in the 19th century are also generally considered rare, with a few exceptions. Coins from the 20th century are less likely to be rare, but there are still some that meet the criteria.
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How many 1889 Silver Dollars exist?
The 1889-CC Morgan Silver Dollar has an extremely low mintage of only 350,000 coins struck. It is believed that only 50,000 to 75,000 coins actually made it into circulation, with the rest possibly melted as they were not needed for commerce.
Where can I sell my 1889 silver dollar?
The best places to sell an 1889 Morgan Silver Dollar include reputable coin dealers, numismatic auctions, coin shows, and online platforms that specialize in coins.
What happens if my silver dollar doesn't have a mint mark?
For Peace silver dollars, the mint mark can be found below the word “ONE” and to the left of the eagle's tail feathers. It's common for silver dollars to not contain mint marks, which means that they were minted in Philadelphia.
What years to look for in silver dollars?
Mint produced silver dollars containing 90% silver until 1935. The most popular and traded dollar coins are Morgan silver dollars, which were minted from 1878 – 1904 and again in 1921, and Peace silver dollars, which were minted from 1921 – 1935.
Is it worth keeping silver dollars?
While not every silver dollar holds extraordinary value, certain rare and historically significant coins can be worth a substantial amount. Silver dollars are a fascinating pursuit for collectors, especially those hoping to discover rare pieces with high market value.
How can I test silver coins at home?
Another very simple method for testing silver is to determine the weight with a precision scale. For example an ounce of fine silver must not weigh significantly more or less than 31.1 grams. You can also use a digital caliper to determine the correct dimensions (thickness and diameter) of silver coins.
Should I clean my silver dollar?
Even though it's counterintuitive, you should never clean a coin, as it can significantly reduce its value. Even coins that have substantial dirt, tarnishing, or toning should be kept in their original condition.
What is the hardest Morgan dollar to find?
The 1895 Proof Morgan Dollar reigns as the rarest and most prestigious issue of its type, defined by its proof-only status and extreme scarcity. Other rarities like the 1889-CC, 1893-S, and 1884-S add depth and challenge to Morgan dollar collecting.
Is an 1889 silver dollar a collector's item?
The 1889 CC Morgan Silver Dollar in PCGS-certified Extremely Fine 45 condition is exceptional for any numismatic collection. Its historical significance, Carson City mint mark, and well-preserved condition make it a valuable addition for collectors.
How do I know if my silver dollar is worth money?
Silver dollars have two main types of value: bullion and numismatic. Bullion Value: This is the raw metal value, or “melt” value, representing what the coin would be worth if melted down for its silver content. Numismatic Value: This value considers the coin's rarity, condition, and historical significance.
What if a silver eagle has no mint mark?
A mint mark only appears on Proof, Burnished, and other collector versions of Silver Eagles, like Reverse Proofs. Mint marks do not appear on bullion Brilliant Uncirculated (BU) versions.
What makes an 1889 Morgan silver dollar valuable?
Low Mintage Numbers: The Carson City Mint, based in Nevada, was much smaller than the other U.S. mints and therefore produced fewer coins. In the case of the 1889 Morgan Silver Dollar, only 350,000 were minted, which is a very small number compared to other mints and years.
What should I do with old silver dollars?
You have several options, including local coin shops, online precious metals dealers, online marketplaces, and direct sales to collectors. Rare coins are best sold direct to collectors who may pay a healthy premium.
Which year are Morgan silver dollars most valuable?
The 1893-S stands as the undisputed king of circulation strike rarities, with a tiny mintage of just 100,000 pieces. In high grade, these coins can command prices exceeding $300,000.
Should I get my silver dollar professionally graded?
You should consider getting a coin graded if the potential value outweighs the cost of having the procedure done. Both the NGC and PCGS charge between $20 – $70 for grading, depending on the rarity of the coin you submit, and some extremely rare coins may require an even greater expenditure.
What is the best year of Morgan?
1893‑S. The rare key-date 1893‑S Morgan is the showpiece most collectors need to complete a collection but is difficult to acquire! This rare 90% silver dollar is considered the most desirable Morgan ever struck at a branch mint.
How do I know if my 1889 silver dollar is real?
In addition to the weight, the diameter and thickness of the Morgan silver dollar can be measured to ensure it's authenticity. The diameter and thickness of an uncirculated silver dollar should be 38.1 mm and 2.4mm, respectively. Because of their popularity, Morgan dollars are frequently counterfeited.