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Lot
5477

1871-CC $20 AU50 NGC. Variety 1-A....

2011 April Rosemont CSNS Signature & Platinum Night US Coin Auction #1154

 
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Auction Ended On: Apr 28, 2011
Item Activity: 10 Internet/mail/phone bidders
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Location: Donald E. Stephens Convention Center
5555 N. River Road
Rosemont, IL 60018
Description:
1871-CC Twenty, Almost Uncirculated
Second Rarest Carson City Double Eagle
An Absolute and Condition Rarity
1871-CC $20 AU50 NGC. Variety 1-A. The 1871-CC is easily the second rarest Carson City twenty, after the legendary 1870-CC. The mintage was 17,387 pieces, but apparently attrition took a heavy toll, as only 200-250 examples are believed known today in all grades. An AU example, such as this, is an important offering for the CC gold collector. As Doug Winter succinctly expressed it in his latest CC reference: "For most collectors, a nice example of this date represents their single greatest expenditure on a Carson City double eagle."
This particular double eagle has an interesting history, being preserved in the same family for nearly a century. The coin was originally purchased by the current consignor's grandmother in 1917, as a graduation gift for her sister, who had just completed her studies at Slippery Rock State Normal School. The coin was presented in a "Best Wishes" envelope from the People's Bank of Unity, in Unity, Pennsylvania, with a special pocket to hold the coin. From a note on the envelope, we gather the new owner passed the gift on to her daughter in 1927. The coin was subsequently passed down through the family until the present time. These records are preserved by the consignor's family.
The striking details seen here are average for the issue, which is to say far above average when compared to the 1870-CC. The stars and eagle's plumage are well-detailed. The only area of softness is the hair curls around Liberty's face, a weakly struck area on most Type Two twenties. The surfaces are light reddish-gold, with good remaining luster around the devices. The only mentionable flaw is a shallow scratch in the field above Liberty's head. Census: 21 in 50, 72 finer (3/11).(Registry values: N1793) (NGC ID# 26AB, PCGS# 8961)

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