1871-CC $10 MS(PCGS#8661)

October 2018 Baltimore U.S. Coins Auction

拍卖行

Stack's Bowers

批号

2145

等级

AU50

价格

121,186

详细说明

Seldom Offered 1871-CC Eagle 1871-CC Liberty Head Eagle. AU-50 (NGC). A highly significant absolute and condition rarity from the early Carson City Mint eagle series. Evenly patinated in a blend of warm olive-gold and more vivid reddish-orange patina, both sides retain appreciable remnants of satiny luster as the coin dips into a light. Striking detail is bold to sharp over most design elements. Quoting Rusty Goe's contributions to our presentation of the Battle Born 1871-CC eagle offered in our August 2012 ANA Auction:"Superintendent Henry F. Rice's success in deploying a bullion fund, which allowed him to pay depositors promptly, and in gaining approval for his mint to accept custom assaying and refining work, had increased business substantially. Bullion deposits soared to over $5 million in 1871 compared to 1870's total of $266,000. This meant the Carson Mint had received nearly half of the precious metals mined on the Comstock in 1871. During the Big Bonanza period from 1874 through 1878, Nevada's coin factory would consider it fortunate to receive one fifth of the Comstock's yield."Still, with the huge increase in bullion deposits in 1871, coinage production in Carson City, while advancing substantially from 1870's output, remained sparse. The Carson Mint turned out 4,225 eagles in the first half of the year and added 2,960 more in the second half. Some sources have reported that an additional 900 pieces were minted sometime between July and December; but I believe this has to do with fiscal-year versus calendar-year reporting."The exact mintage is in doubt, therefore, with the Guide Book providing a figure of 8,085 pieces and Goe accepting a lower total of 7,185 coins that does not include the 900 examples referred to above. Regardless, the 1871-CC went the way of all early Carson City Mint gold issues, circulating extensively in the American West and suffering a high rate of attrition. We believe that only 100 to 150 coins are extant in all grades, most of which are clustered at the VF level. Retaining unusually bold definition and superior surface quality, this noteworthy AU would make an impressive addition to an advanced gold cabinet. PCGS# 8661. NGC ID: 264X. Click here for certification details from NGC.