1876-CC $10 MS (PCGS#8675)
Spring 2022 U.S. Coins Auction
- 拍卖行
- Stack's Bowers
- 批号
- 5303
- 等级
- AU53
- 价格
- 229,245
- 详细说明
- CAC-Approved AU 1876-CC $10
Unknown in Mint State
1876-CC Liberty Head Eagle. Winter 1-A, the only known dies. AU-53 (PCGS). CAC.
A highly significant offering for the advanced collector specializing in Carson City Mint gold. Impressively sharp for an 1875-CC ten, we note just a touch of softness to the hair curls over Liberty's brow and the lower portion of the eagle. The surfaces are attractively original with faint pinkish-rose overtones to dominant deep honey-gold. Considerable luster remains in the protected areas and testifies to the overall superior preservation.
All three coinage facilities that produced eagles in 1876 turned out very small quantities of this denomination. The Specie Payment Resumption Act of January 14, 1875, ensured a focus on subsidiary silver coin production the following year in anticipation of the impending return of such pieces to widespread domestic circulation. Double eagle coinage was also a priority for the United States Mint in 1876 as the nation struggled to increase its gold reserves in competition with Germany and other European nations that had adopted the gold standard early in the 1870s. All of this activity came at the expense of the lower gold denominations as converting a given amount of bullion to double eagles was most efficient. Indeed, the mintage for the 1876-CC ten amounted to just 4,696 pieces, only 130 to 160 examples of which have survived in all grades (per Rusty Goe, 2020). With premium quality AUs particularly elusive in today's market and Mint State coins unknown, the present offering is sure to be of keen interest to advanced collectors.
Provenance: From the Fairmont Collection-Hendricks Set.
PCGS Population: 10; 4 finer (AU-58 finest). There are also no Mint State grading events listed at NGC. CAC Population: 6 in all AU grades.
PCGS# 8675. NGC ID: 265D.
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