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Lot
7612

1877-CC $10 XF45 NGC. CAC. 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: 3 Internet/mail/phone bidders
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Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:
Choice XF 1877-CC Ten Dollar
Mintage 3,332 Pieces
1877-CC $10 XF45 NGC. CAC. Variety 1-A. In The Mint on Carson Street, Rusty Goe notes that while the Comstock Lode was producing record amounts of gold in 1877, very little of it was making its way to the Carson City Mint:

"Whereas during the preceding three years Comstock miners were depositing nearly 25% of their gold at the local mint, by 1877, the percentage had been reduced to 12% or less, and just when it appeared as if Carson City's gold coin production would reach record levels, it actually dropped 68% and would never again equal the gold coin output achieved in 1874 through 1876."


Just 3,332 gold eagles were struck at the Carson City Mint in 1877. This Choice XF survivor is one of them, yellow-gold with diffuse radiance on the obverse and a stronger suggestion of original luster in the fields of the reverse. Lightly abraded, as usually seen, with a copper spot on the rim to the left of the base of the 1 in the date. Census: 13 in 45, 11 finer (5/11).(Registry values: N2998) (NGC ID# 265G, PCGS# 8678)

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