1893-CC Liberty Head Double Eagle. MS-62 (NGC).Sharply struck with crisp features are underlined by the bright even medium-light orange gold patination and the rich satiny surfaces are remarkably free of any serious detractions or abrasions that are typical of these large heavy coins. 1893 was a momentous year for the nations economy. The expansion of the railroads was funded largely through copious loans that proved to be high risk as creditors realized that the new railroads did not produce immediate dividends and began to call in their chits. This caused a significant credit crunch that rippled through the financial system as railroads could not pay back their immediate creditors, who in turn had overextended themselves with larger banking houses. The resulting panic was felt nationwide as more than 15,000 businesses of various types including some 500 banks defaulted on their loans and shut down. Meanwhile, the long struggling Carson City Mint was facing its own troubles as the Comstock Lode had essentially dried up by this, essentially eliminating the Nevada facilitys raison detre. The Carson City Mint finally ceased operations in 1893, The 18,402 double eagles struck at Carson City in 1893 proved to be part of the mints swan song when all coin production ceased by the end of the year and its doors finally shut. While the mintage figures are nowhere near the mints high water mark in 1876 or even just three years earlier, the 1893-CC double eagle is exceptional in that unlike most previous issues which generally circulated locally, the majority were sent to overseas banks where they sat for decades. As coins were repatriated to an appreciative numismatic audience, many 1893-CC specimens were included and mostly in the high circulated and lower Mint State preservation levels. Because of this, this has proven to be an especially popular issue among collectors who wish just one Mint State double eagle from this historic mint, alongside Western gold specialists. This example will more than fit the bill and will find a position of honor in any cabinet.From the Rosie Collection.