1900 $5 Gold Liberty Head Half Eagle Us Mint Coin

1900 $5 Gold Liberty Head Half Eagle Us Mint Coin

Item specifics

Year: 1891 Composition: 90% Silver, 10% Copper

1900 $5 Gold Liberty Head Half Eagle Us Mint Coin

Detailed item info

Product Information

Q. David Bowers

The following narrative, with minor editing, is from my “Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia” (Wolfeboro, NH: Bowers and Merena Galleries, Inc., 1993)

Coinage Context

Hundreds of thousands of 1891-CC dollars were put into circulation in the late nineteenth century.
Numismatic Information

Commentary: Historically, the 1891-CC is one of just a few Carson City dollars that has been readily available ever since day one. During the century or so since the pieces were minted, Mint State coins have been among the most easily obtainable Carson City Morgan issues. However, after 1962-1964, when it was found that few remained in Treasury hands in comparison to the large quantities of CC dollars in the early 1880s, the 1891-CC became scarce in a relative sense.

Hoard coins: In the early twentieth century, large quantities of Carson City dollars of the 1891 date were shipped to the San Francisco Mint for storage. In 1925-1926, in the early 1940s, and particularly in 1942, many bags of these were paid out at face value, so many in the 1940s that silver dollar dealer specialists such as Norman Shultz stopped buying them. By late 1942, the 1891-CC dollar was by far the commonest Carson City issue in collectors’ and dealers’ hands in Mint State. These continued to be paid out at face value to dealers and others in the 1950s, and also shipped as part of Nevada casino coins. Harry J. Forman bought at least 10 bags from John Skubis and Arnold Rosing; these originally came from San Francisco Mint storage.

Early in the present century, additional quantities of this issue were also shipped to the Treasury Building in Washington, D.C., for storage. In the 1950s, bags of 1891-CC dollars were released from the Cash Room at the Treasury Building. The quantities are not known, but dozens of bags were involved. Dealer Steve Ruddel stated that about 50 bags (50,000 coins) were released from the Treasury Building in 1955 alone. (Jeff Oxman, letter to the author, November 29,1992.)

Dean Tavenner recalled that one bag was released in Deer Lodge, Montana circa 1958-1959. By that time, no more were being released from Treasury stocks. So far as I know, few if any came out in the 1962-1964 Treasury release. However, somewhere still on hand at the Treasury Building in Washington. 5,687 leftover coins from this source were sold by the G.S.A. in the 1970s, with an additional 19 pieces later sold in the “mixed lot” offering.

The Redfield estate (1976) was estimated to have contained three to five bags of Mint State coins, most of which were heavily bagmarked. These probably came out of the San Francisco Mint, to Nevada casinos in the 1950s. Today, few quantity lots of 1891-CC dollars survive. Most have long since been broken up.

Circulated grades: Specimens in worn grade are scarce but not rare. Quantities were put into circulation in the nineteenth century, and many of these pieces still survive. The 1891-CC dollar is sometimes compared to the higher mintage 1890-CC. Wayne Miller wrote this in 1982: “The 1891-CC is scarcer than the 1890-CC in worn condition; it was obviously not released into circulation to the same degree of circulation as the 1890-CC.”

It is likely that many Carson City dollars of the later era-1889 through 1893-were placed into circulation at or near the time of minting, in contrast to many of the earlier (1878-1885) period, that were stored at the Carson City Mint and later shipped to the Treasury Building in Washington, D.C.

Mint State grades: Mint State 1891-CC dollars are considerably scarcer than Carson City issues of the mid-1880s, of course, but there are enough on the market that the issue is not considered to be a key date. At the MS-60 to 62 level, an estimated 40,000 to 70,000 exist, with 20,000 to 40,000 at the next step, MS-63

Product Identifiers
PCGS Number 7206

Key Features
Year 1891
Category Dollars; Morgan Dollar
Country The United States of America
Mint Carson City
Strike Type Business

Other Features
Denomination $1
Mint Location Carson City, Nevada
Mint Mark CC
Diameter 38.1 millimeters
Weight 26.73 grams
Mintage 1618
Composition 90% Silver, 10% Copper
Designer George T. Morgan
Edge Reeded

Coin detail information and example images provided courtesy of Professional Coin Grading Service (PCGS). All Rights Reserved.

Price : $475.00

Ends on : Ended

View on eBay

Share this post

Leave a Reply

Your email address will not be published. Required fields are marked *