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Lot
936

1871-CC $1 AU50 PCGS....

2009 September Long Beach, CA Signature US Coin Auction #1129

 
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Auction Ended On: Sep 10, 2009
Item Activity: 14 Internet/mail/phone bidders
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Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
Attractive 1871-CC Seated Dollar, AU50
Lower Mintage Than 1794 Silver Dollar
1871-CC $1 AU50 PCGS. Seated Liberty dollars had been minted for three decades by the time the Carson City Mint began producing coins in 1870, but the new facility struck the coin every year in the ensuing four years, until the "Crime of '73" ended the denomination in favor of the Trade dollar.
The mintage of the 1871-CC was the smallest by far of the four issues, a skimpy production that amounted to only 1,376 coins. Rusty Goe points out that high silver prices made customers depositing silver into the Carson City Mint prefer silver bars to silver coinage: A silver dollar, with face value of $1, of course, would contain $1.026 worth of silver. The production of 1,376 pieces, Goe emphasizes, is less than the number of silver dollars produced in 1794, and the lowest of any Seated Liberty, With Motto issue save for the elusive 1873-S, which is unknown in any collection.
This AU50 coin has splendid eye appeal, with pinkish-gray, well-struck surfaces front and back. A touch of high-point wear is in keeping with the grade, of course, but there are few mentionable distractions of any sort. The eagle's shield and wing feathers are well brought up, and all obverse details are well articulated. A nice, collectible example of this rare issue. Population: 5 in 50, 18 finer (8/09).(Registry values: N7079) (NGC ID# 24ZH, PCGS# 6967)

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