1876-CC 20C MS(PCGS#5300)

The January 2013 Americana Sale

拍卖行

Stack's Bowers

批号

13170

等级

MS65

价格

3,514,078

详细说明

1876-CC Twenty-Cent Piece. MS-65 (PCGS). Secure Holder. Boldly lustrous warm champagne-gold surfaces exhibit wisps of deeper champagne in the fields; the reverse field is prooflike in appearance. The strike is sharp throughout with just a touch of softness in Liberty's tresses and the very highest peak of the eagle's chest; all other details are crisp and sharp. Low magnification reveals some light and well-hidden scratches at Liberty's lap area, as well as a few scattered flecks near star 1, but with no other noticeable marks present. All of the known 1876-CC twenty-cent pieces are from the same pair of dies. LIBERTY is boldly doubled, as are stars&nbsp;2 through 9. Patches of raised die lines are seen at Liberty's foot and at both sides of the date, and the top of an errant 8 is seen in the dentils below the existing 8 in the date.<br /> <br /> We have been fortunate enough over the years to present our "fair share" of 1876-CC twenty-cent pieces, the most recent of which was the MS-64 example from the <em>Battle Born Collection, </em>offered by us in 2012 at our annual ANA Auction, where the coin realized a full-bodied final&nbsp;price of $460,000. In the process of writing that catalog, Jeff Ambio, Rusty Goe and Q. David Bowers did an admirable job of describing both the coin and the history behind it, as well as the history of the denomination. We graciously reprint Rusty Goe's enlightening and definitive commentary herein, followed by Dave Bowers's numismatic reflections.<br /> <br /> <strong>"How Should A New Nation Make Change?<br /> <br /> </strong>Thomas Jefferson called it 'Money Arithmetic' when he wrote about the necessity of making it easy for the citizens of the newly formed United States of America to figure out how to make change. Robert Morris, the Superintendent of Finance in the new Confederation, warned in 1782 that money units should be denominated using a decimal system. He said this would make the new nation's money system easier for the masse