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Lot
7654

1871-CC $20 XF45 NGC. Variety 1-A....

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

 
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Auction Ended On: Aug 12, 2011
Item Activity: 6 Internet/mail/phone bidders
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Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:
Choice XF 1871-CC Twenty Dollar
1871-CC $20 XF45 NGC. Variety 1-A. An early Carson City double eagle that has pleasing design definition and consistent straw-gold color. Luster fills the legends and individually outlines the obverse stars. As is customary for moderately circulated large denomination gold, there are distributed abrasions, but only a bagmark near obverse star 4 merits singular mention. A scant 17,387 pieces were struck, none of which were given numismatic consideration in the Western frontier. Since paper money was valued at a considerable discount to gold, gold coins such as the present example were the lynchpins of Nevada commerce, yet were indifferently handled at the banks and casinos.(Registry values: N1793) (NGC ID# 26AB, PCGS# 8961)

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