1870-CC $10 MS (PCGS#8658)
Spring 2022 U.S. Coins Auction
- 拍卖行
- Stack's Bowers
- 批号
- 5290
- 等级
- G6
- 价格
- 458,490
- 详细说明
- Historic First Year 1870-CC Eagle
A Formidable Rarity
1870-CC Liberty Head Eagle. Winter 1-B. Good-6 (PCGS).
A coin that holds tremendous appeal for Liberty Head eagle specialists and Carson City Mint enthusiasts. Richly original and problem free for the assigned grade, this 1870-CC exhibits dominant deep honey color with speckled reddish-russet highlights over the lower left obverse and along the upper reverse border. The rim on the reverse is largely indistinct, that on the obverse generally intact, while both sides retain outline detail to virtually all major design elements. The most notable exception is the first C in the mintmark, which has been effaced by a concentration of light surface marks. The second C is bold, however, and there is no doubt which coinage facility was responsible for producing this important coin.
The first Carson City Mint gold eagle, the 1870-CC has a mintage of just 5,908 pieces. There is some debate concerning the exact number of coins extant from this mintage, with PCGS CoinFactsestimating that just 45 to 60 pieces have survived. Doug Winter's 2001 estimate of 35 to 45 examples seems low today, and the PCGS CoinFactsfigure might be too imprecise, especially since it is likely based solely on the number of grading events. Rusty Goe provides what we feel is a more accurate estimate of 60 to 75 survivors in his outstanding reference The Confident Carson City Coin Collector(2020). In any event, the 1870-CC is generally regarded as the rarest Carson City Mint eagle, just barely edging out the 1879-CC for this honor. (Opinions differ here, as well, with Jeff Garrett and Ron Guth ranking the 1879-CC ahead of the 1870-CC.) The 1870-CC eagle is also one of the rarest Carson City Mint gold coins of any denomination, ranking near the top of this listing alongside not only the 1879-CC eagle but also the 1870-CC double eagle.
Most survivors are in lower grades, as here, and the 1870-CC is unknown in Mint State. As the first issue in this perennially popular mintmarked gold series, and a well established rarity, the offering of any 1870-CC eagle is an important occasion. Indeed, we anticipate excitement, keen interest and strong competition when bidding opens for this lot.
Provenance: From the Fairmont Collection-Hendricks Set.
PCGS# 8658. NGC ID: 264U.
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