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1872-CC $10 AU58 PCGS. Variety 1-B....

2012 February 2-5 US Coins Signature Auction- Long Beach #1167

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Auction Ended On: Feb 3, 2012
Item Activity: 5 Internet/mail/phone bidders
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Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

1872-CC Liberty Eagle, AU58
Underrated Absolute and Condition Rarity
Tied for Finest Certified
1872-CC $10 AU58 PCGS. Variety 1-B. The 1872-CC Liberty eagle is one of the rarest issues of the series, especially in high grade. Until 1978 most sources listed the mintage of the 1872-CC as 5,500 pieces, but the Guide Book changed its listing to 4,600 pieces at that time, reflecting the delivery warrants of 1,100 pieces in July 1872, 1,600 examples in September 1872, and 1,900 specimens in December of that year. Both David Akers and Doug Winter consider the 1872-CC an underrated issue as both an absolute and condition rarity.
Doug Winter estimates the surviving population of the 1872-CC at just 60-70 pieces in all grades, and most examples seen are well-worn and heavily bagmarked. Properly graded XF coins are prized by collectors, and examples in higher AU grades are very rare. The 1872-CC is currently unknown in Mint State. PCGS has graded only three coins in AU58, with none finer, while NGC has yet to certify any coin above AU55 (12/11).
The present coin shows only the slightest sign of actual wear, and the design elements display much finer detail than the typical example of this date. Some of the stars are a little flat, but they all show complete radials. Liberty's hair is a little soft around the ears, but other areas retain sharp definition. The reverse dies were weakly impressed in some areas, causing all examples seen to have incomplete detail in the upper portion of the vertical shield stripes, the eagle's right leg, and the area below the shield. The attractive yellow and greenish-gold surfaces are brightly lustrous and show only minor signs of contact. A few planchet voids are present in the left obverse field. This delightful specimen is one of the finest known examples, and a comparable example may not become available for years.(Registry values: N7079) (NGC ID# 2652, PCGS# 8664)

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