1893-CC Double Eagle NGC MS63. 1893 was the final
year of coinage at the now beloved Carson City Mint
in Nevada. The natural resources of gold and silver,
which was the main reason for the existence of the
Mint, had run out and deposits declined rapidly. As
a result, the Mint that is in most collectors minds
with a romantic view was closed, and a special period
of American coinage ended.
With a mintage of 18,402 coins, of which an estimated
total of 1,000 to 1,200 are known to exist in all
grades, this piece is somewhat less rare than can
be expected for the mintage. Yet, pieces are always
in demand, as it is also one of the more available
Carson City double eagles and collectors seeking a
high quality example of these issues will usually
settle for this issue. The fact that it is not the
most common Carson City double eagle does not outweigh
the attraction the low mintage has to most collectors.
An estimated 450 to 500 are known in all uncirculated
grades, but the large majority of these are in MS-60
and MS-61 grades. Most were mistreated soon after
their mintage, acquiring many bag marks from handling.
As a result, MS-62 pieces are very scarce, and in
MS-63 this issue is very rare, with less than two
dozen known at that grade level.
The final year of coinage brought out the best of
the Mint employees. Most double eagles, as well as
the other issues from this year are of exceptional
quality. Weak strikes, non-lustrous surfaces and badly
alloyed planchets are virtually non existent. This
is the absolute opposite of the first issues from
this Mint, struck in the early 1870’s. Most
of those coins also circulated heavily, as coins were
scarce in western commerce.
The present offering represents a rare opportunity
to acquire one of the finest known 1893-CC double
eagles. Only one piece is graded fine, which is also
one of only three MS-64 Carson City double eagles
certified by either PCGS or NGC. Fully lustrous and
exhibiting bold details, with no distractive, deep
contact marks usually found on these soft gold coins.
An excellent coin that is destined to hold its value
for now and future generations.
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