1871-CC $5 MS(PCGS#8323)

Spring 2022 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

5126

等级

XF45

价格

122,264

详细说明

Highly Desirable 1871-CC Half Eagle 1871-CC Liberty Head Half Eagle. Winter 1-A. EF-45 (PCGS). CAC. This is an originally preserved, visually appealing example toned in rich olive-honey and deep orange-gold. The surfaces are impressively smooth for the assigned grade and reveal ample remnants of mint luster. Bold Choice EF detail throughout. While gold coinage from Carson City in the facility's first year of operation in 1870 was little more than symbolic, production in 1871 was stepped up courtesy of bullion deposits totaling $1,003,810, an increase of more than 800% from the previous year. One obverse die and two reverse dies were employed to produce the 20,770 half eagles struck in 1871. The Winter 1-A reverse die was first used in 1870, then again in 1873, showing the Carson City Mint's resourcefulness in reusing still serviceable dies. The first batch of 6,100 half eagles were delivered by Coiner Granville Hosmer in January 1871, then delivering the remaining balance of 14,670 pieces in the second half of the year. The use of gold and silver in the West was central to the local economy, especially in the more remote portions of Nevada and neighboring areas. Most of the coins that came off the mint's presses went into immediate use and generally stayed in the region, rather than being exported overseas. Because there were for all intents and purposes no numismatists in the region, survivors exist more by pure happenstance than by intention. The coins saw heavy commercial use and many show the telltale evidence of the rigors of circulation. By the time interest in mintmark collecting began to pick up in the late 1890s and beyond, these coins had already been in use for more than two decades. Carson City Mint expert Rusty Goe (2020) estimates that perhaps only 140 to 180 pieces remain in existence. Unblemished examples of the 1871-CC half eagle are scarce in all grades, which attests to the significance of the present offering for astute Carson City Mint gold collectors. Provenance: From the Fairmont Collection-Hendricks Set. PCGS# 8323. NGC ID: 25WD. Click here for certification details from PCGS. Click here to see Coins in Motion.[“Coins]