1879-CC $20 MS(PCGS#8989)

1879-CC $20 MS (PCGS#8989)

October 2018 Baltimore U.S. Coins Auction

详细说明: Scarce Low Mintage 1879-CC $20 1879-CC Liberty Head Double Eagle. AU-53 (PCGS). Attractive honey-gold patina brightens to more of a golden-orange shade as the surfaces dip into a light. Direct viewing angles also call forth appreciable remnants of original mint luster. Sharply defined with a pleasingly smooth appearance for the assigned grade, this is an uncommonly high grade and attractive coin in a Carson City Mint double eagle from the 1870s. While generous quantities of double eagles were being produced at Philadelphia and San Francisco during the 1870s, many of which ended up in foreign bank vaults for generations, this was not the case at the Carson City Mint. Here, double eagles -- and gold coins in general -- were almost exclusively made for local consumption, where they performed yeoman's duty in commerce. Specie redemption was permitted for Legal Tender notes in January of 1879, prompting concern that there may be a run on gold. When the run never materialized, the need for double eagles waned and coinage of the denomination ceased early in the year at the Nevada facility. The limited production run of 10,708 pieces for the 1879-CC double eagle was accomplished in two batches using a single pair of dies. Elusive in all grades, the addition of any example is a notable accomplishment for the advanced numismatist. PCGS# 8989. NGC ID: 26B7. Click here for certification details from PCGS.