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Lot
6237

1878-CC $5 AU58 NGC. The mintage for the 1878-CC Half ...

2004 March Portland, OR Signature Sale #344

 
Sold for: Not Sold
Auction Ended On: Mar 26, 2004
Item Activity: 1 Internet/mail/phone bidders
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Description:
Notable Borderline Uncirculated 1878-CC Half Eagle, Among the Finest Certified
1878-CC $5 AU58 NGC. The mintage for the 1878-CC Half Eagle is only 9,054 pieces, but this only begins to explain its rarity in high grades. Gold coins circulated extensively in the west, where paper money was regarded as suspect. Although a handful of eastern and midwestern numismatists collected gold coins by date, this was generally limited to the Philadelphia Mint proofs. Even silver coins were not widely collected by mintmark until nearly a generation later. Thus, the survival of a Borderline Uncirculated 1878-CC is merely a matter of chance. In fact, NGC has only certified one piece in Mint State.
A crisply struck example, the eagle's neck and fletchings are not completely brought up, but offer pleasing detail nonetheless. There are no contact marks that distract from the eye appeal of the extensive semi-prooflike luster. The present Condition Census quality example is worthy of the best specialized holding of Carson City gold coins. Population: 3 in 58, 1 finer (2/04). Also as of (2/04), PCGS has certified two examples as AU58 and none finer.(#8346) (NGC ID# 25X5, PCGS# 8346)

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