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Lot
5201

1875-CC $10 AU55 NGC....

2011 January Tampa FUN Signature & Platinum Night US Coin Auction #1151

 
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Auction Ended On: Jan 6, 2011
Item Activity: 6 Internet/mail/phone bidders
601 page views
Location: Tampa Convention Center
333 S. Franklin St.
Tampa, FL 33602
Description:
1875-CC Ten Dollar, AU55
Conditionally Scarce, Low-Mintage Issue
1875-CC $10 AU55 NGC. Two mints, Philadelphia and Carson City, struck eagles in 1875. In most years, the Philadelphia issue would have a much higher mintage than that of the Carson City pieces. The situation in 1875, however, was an extraordinary reversal of the norm, and for all gold denominations below the double eagle, Philadelphia's production was negligible. Just 100 examples of the P-mint issue were struck, compared with 7,715 coins from Carson City. Of course, any insinuation that this issue is common would be far from correct.
Like a number of other 1870s eagle issues, the 1875-CC eagle is scarce in any grade and a condition rarity even in XF grades. Garrett and Guth (2006) corroborate this assessment: "Very Fine and low-end Extremely Fine examples are the best that most collectors can hope to obtain, as the rarity and prices increase dramatically up through AU58." The opportunity to acquire a Choice AU example such as the present piece comes infrequently; in fact, Heritage has sold only two other examples at this grade level and no finer representatives.
The dusky yellow-orange surfaces of this coin show a number of fine abrasions. A small dig is noted below Liberty's eye, and a spot of rub appears to the left of the eagle's neck. Such flaws, however, are consistent with the grade, and the luminous fields are pleasing. The devices offer above-average definition, particularly on the hair framing Liberty's face and the eagle's feathers. A noteworthy candidate for the Carson City gold enthusiast. Census: 3 in 55, 3 finer (10/10).
From The Las Vegas Collection, Part Two.(Registry values: N7079) (NGC ID# 265B, PCGS# 8673)

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