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Lot
7330

1870-CC $20 VF25 NGC. The 1870-CC is one of the most ...

2004 January Long Beach Signature Sale #342

 
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Auction Ended On: Jan 30, 2004
Item Activity: 13 Internet/mail/phone bidders
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Description:
Very Rare and Historic 1870-CC Double Eagle, VF25
1870-CC $20 VF25 NGC. The 1870-CC is one of the most famous issues to originate at the historic Nevada facility. It is also the first double eagle struck in the Carson City Mint and a spectacular rarity that is among the most widely acclaimed issues in the entire series of Liberty twenties. It is surpassed in overall rarity only by the ultra-rare 1861 Paquet, the 1856-O, and the business strikes of 1882 and 1886, but none of these important issues garner more attention than is generated by the appearance of an 1870-CC. Only 3,789 pieces were originally produced and reliable estimates place the number of survivors in the neighborhood of 45 pieces.
From the standpoint of condition rarity, the '70-CC ranks first in the series, with most known examples, condition-wise, falling in line with the present example. Both obverse and reverse are light in color and a trifle bright, with softness beyond wear on the obverse stars. A number of small to medium sized contact marks are consistent with a large gold coin that saw what was obviously years of circulation. Two die pairings were used for the 1870-CC, this being the Winter-Cutler 1-A die variety, identifiable by the size of the date and the placement of the mintmark above the N in TWENTY. We are indeed fortunate to offer our third 1870-CC twenty in the past three sales, and we expect interest again to be very high for this highly sought-after rarity.
From a Magnificent Collection of Double Eagles. (#8958) (Registry values: P10, N65000) (NGC ID# 26A8, PCGS# 8958)

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