What may stand out to most coin collectors about 1889 Morgan Silver Dollars is the return of the Carson City Mint issues. Absent since 1886, CC-mint coins not only returned to the Morgan Dollar lineup, but they did so in grand fashion, in terms of their modern-day values. While their original mintage was low, their existing population today is even lower, and being a part of one of America’s most popular coin series only puts more stress on their value.
The 1889 Morgan Silver Dollar was produced in four mints: Carson City, New Orleans, Philadelphia, and San Francisco. The most valuable 1889 Morgan Silver Dollar carries the "CC" mintmark used by the Carson City Mint. It always carries a premium value because of very low production, making it the rarest 1889 Morgan Dollar. The New Orleans Mint used an "O" and the San Francisco Mint an "S”. The main mint in Philadelphia did not use a mintmark. Proof examples of Morgan Dollars from all years, including 1889, are rare which makes them expensive.
1889 Morgan Silver Dollar Mintage Figures
- 1889: 21,726,000; $35+
- 1889-CC: 350,000; $2,000+
- 1889-O: 11,875,000; $35+
- 1889-S: 700,000; $75+
- 1889 Proof: 811; $3,000+
It is highly recommended if you buy an 1889 Morgan Dollar that it is certified by a reputable third-party coin grading company. Simply too many counterfeit 1889-CC Morgan Dollars exist, and with prices as high as they are for the coin, buying an authenticated piece is by far the most sensible thing a coin collector or investor can do in regards to this piece. Other than the 1889-CC Morgan Dollar, the only other significantly priced issue for that year is the proof Morgan Silver Dollar. As rare as Morgan Silver Dollars are, the 1889 proof is another coin that should never be bought unless it has been slabbed. Slabbed coins are placed in special holders and graded by various coin-grading companies to determine what condition the actual coin is in. This is best way to safeguard your investment in an 1889 Morgan Silver Dollar.