1879-CC $20 MS(PCGS#8989)

December 2020 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

2422

等级

AU50

价格

94,380

详细说明

Scarce Low Mintage 1879-CC $20 1879-CC Liberty Head Double Eagle. Winter 1-A, the only known dies. AU-50 (PCGS). OGH. Vivid light rose-orange patina blankets both sides of this sharply struck and appreciably lustrous example. Premium quality for the assigned grade, and attractive in all regards, the presence of wispy hairlines on the obverse seems to have been all that held this coin back from a Choice AU rating at PCGS. 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 may 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 limited production run of 10,708 pieces for the 1879-CC double eagle was accomplished in two batches using a single pair of dies. Elusive in all grades, the addition of any example is a notable accomplishment for the advanced numismatist. Provenance: From the Collection of Richard Jewell. PCGS# 8989. NGC ID: 26B7. Click here for certification details from PCGS.