1879-CC $20 MS(PCGS#8989)

August 2023 Global Showcase Auction U.S. Coins

拍卖行

Stack's Bowers

批号

1386

等级

AU55

价格

157,285

详细说明

Low Mintage 1879-CC $20 1879-CC Liberty Head Double Eagle. AU-55 (PCGS). Displaying warm honey-orange color overall, both sides also exhibit intermingled deep olive that provides additional eye appeal. This is lustrous coin and sharply struck, offering nearly full definition to most design elements. Just right for a collection of high grade Liberty Head or CC-Mint double eagles. 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 would 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 production run of 10,708 pieces for the 1879-CC double eagle was accomplished in two batches using a single pair of dies. Fairly elusive in all grades, Carson City Mint expert Rusty Goe (2020) accounts for only 265 to 375 survivors in all grades, only 11 or 12 of which are Mint State. While the addition of any 1879-CC double eagle is a notable accomplishment, the acquisition of this rare Choice AU survivor from the extensive Fairmont holdings would establish the buyer as one of the leading collectors of CC-Mint and/or Liberty Head gold coinage in today's market. Provenance: From the Fairmont Collection - Rhone Set. PCGS Population: 29; 34 finer, 11 of which are Mint State (MS-62 finest). PCGS# 8989. NGC ID: 26B7. Click here for certification details from PCGS. Image with the PCGS TrueView logo is obtained from and is subject to a license agreement with Collectors Universe, Inc. and its divisions PCGS and PSA. Click here to see Coins in Motion.[“Coins]