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1872-CC $10 XF45 PCGS....

2008 June West Palm Beach, FL (Summer FUN) Signature Coin Auction #1110

 
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Auction Ended On: Jun 27, 2008
Item Activity: 8 Internet/mail/phone bidders
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Location:

Palm Beach County Convention Center
650 Okeechobee Blvd.
West Palm Beach, FL 33401

Description:
Choice XF 1872-CC Ten Dollar
1872-CC $10 XF45 PCGS. Rusty Goe recently wrote about the 1872-CC in the May supplement of the Coin Dealer Newsletter. He asked, "How does a date that rarely appears in auctions or on the bourse floor wind up with a population of 100 coins? This is the mystery of the 1872-CC gold eagle. Other than the harshly cleaned and otherwise numismatically abused examples that surface from time to time, collectors rarely see this date for sale."
The presumed explanation is dealer resubmissions. Since the value triples between XF45 and AU55, there is a strong incentive to attempt a higher grade. The present piece has surprisingly sharp wing feather detail for the XF45 level. Liberty's hair to the right of the coronet is also bold. The luster is slightly subdued, but unmistakable. Distributed minor to moderate obverse marks are unobtrusive beneath the straw-gold toning.
From the Fern E. Wagner Trust.
(Registry values: N4719) (NGC ID# 2652, PCGS# 8664)

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