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Lot
3629

1872-CC $20 MS60 NGC....

2008 May Long Beach, CA Signature Auction #1108

 
Sold for: $33,350.00 (includes BP )
Bid Source: Live: Floor bidder
Auction Ended On: May 30, 2008
Item Activity: 8 Internet/mail/phone bidders
1,349 page views
Description:
Extremely Rare 1872-CC Twenty, MS60
1872-CC $20 MS60 NGC. Carson City double eagles coined in the early 1870s are extremely rare in full Mint State grades. NGC has only certified 10 such pieces, and PCGS has graded just two in MS60 with none finer.
In 2001, Doug Winter wrote: "The 1872-CC is a reasonably scarce issue in all grades, although it is sometimes available in Extremely Fine. About Uncirculated coins are not easily located and most examples in this grade range are no better than marginal About Uncirculated-50 quality. ... Uncirculated 1872-CC double eagles are extremely rare with just two or three currently known."
More recently, Jeff Garrett and Ron Guth updated the commentary about this Carson City Mint issue: "As is evident by the large number of examples seen at auction in the last 15 years, the 1872-CC double eagle is scarce but available. This must be qualified by condition, however, as most of the coins seen are Very Fine or Extremely Fine. High-grade examples are very rare. The population data for About Uncirculated condition are greatly inflated by resubmissions. The resubmissions have resulted in the seven or eight coins that have been designated as Mint State in recent years."
This brilliant yellow-gold piece is sharply defined with excellent surfaces for the grade. The usual scattered marks on each side are kept to a minimum. In fact, we are unsure why it was only certified as MS60. Census: 5 in 60, 7 finer (4/08).(Registry values: N7079) (#8964)

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Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 376, Lot 8066 Friday, June 3, 2005 60 NGC $27,370.00
View prices realized from this item in other grades (you must be signed in)
PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.
Price Guide*
Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
PCGS+
58 $32,500 $29,450 $22,650 $20,500 $20,500 $27,000 $32,500
60 $46,500 $46,150 $35,500 $32,500 $32,500 $49,000 ---
61 --- $61,760 $45,750 $42,000 $42,250 $55,000 ---
*All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information.
Population Guide
Service Grade Population in this Grade Population of Higher Grade Population in All Grades + Mintage Engraver
PCGS Not available from PCGS 26,900 James B. Longacre
NGC 60 5 7 402 -
CAC 60 0 1 22 -
*This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auctions.
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