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3097

1875-CC $10 AU53 PCGS....

2009 March Baltimore, MD Signature US Coin Auction #1126

 
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Auction Ended On: Mar 29, 2009
Item Activity: 5 Internet/mail/phone bidders
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Location:

Sheraton Inner Harbor
300 S. Charles Street
Baltimore, MD 21201
(410) 962-8300
Auction Room: Meeting Room "Severn 1"

Description:
Desirable AU53 1875-CC Ten
1875-CC $10 AU53 PCGS. Like other Carson City eagles from the 1870s, the 1875-CC has a meager mintage of just 7,715 pieces. This figure is much lower than the 1875-CC double eagle production of 111,151 pieces. Undoubtedly, bankers and exporters preferred the largest gold denomination possible, since this made payments of large amounts more convenient.
The 1875-CC was rare to begin with, but there were no coin collectors in the Old West, and few could afford to set aside a coin that constituted at least a week's pay. It comes as little surprise that PCGS has certified only one example as Mint State, and also only one piece as AU58. Thus, AU53 and AU55 coins are the finest that can be practically obtained. The present peach-gold representative is uncommonly smooth, although a small mark above the jaw is mentioned as a pedigree indicator. The luster is especially ample on the reverse.
From The Belle Collection of Carson City Coinage.(Registry values: N7079) (NGC ID# 265B, PCGS# 8673)

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