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Lot
5229

1871-CC $1 AU58 NGC....

2011 April Rosemont CSNS Signature & Platinum Night US Coin Auction #1154

 
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Auction Ended On: Apr 28, 2011
Item Activity: 6 Internet/mail/phone bidders
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Location: Donald E. Stephens Convention Center
5555 N. River Road
Rosemont, IL 60018
Description:
1871-CC Seated Dollar, AU58
One of the Finest Known
Ex: Queller
1871-CC $1 AU58 NGC. The 1871-CC has the lowest mintage of any silver dollar issue from the Carson City Mint, and is second in rarity only to the 1873-CC. Q. David Bowers, in his 1993 silver dollar Encyclopedia, estimated between 85 and 125 survivors in circulated grades. A mere nine coins have been certified at AU58 through the combined efforts of NGC and PCGS, and just seven more are known in Mint State, as of (3/11).
According to Weimar W. White (1985): "One of the rarest Liberty Seated dollar(sic) in all grades. This coin always excites the silver dollar specialist when offered for sale. ... This great date, when available, is almost always offered for sale in circulated condition." (from The Liberty Seated Dollar 1840-1873, page 54.)
This piece is solidly struck, with bold details noted on Liberty's head and foot, and on all of the eagle's feathers and talons. With the aid of magnification, minor doubling is evident on many of the lower reverse design elements, but this appears to be shelflike "machine" or "strike" doubling. The tan coloration over each side seems entirely original, and iridescent green and gold accents are prominent on the reverse. A great deal of satinlike luster and considerable semiprooflikeness remains evident on the lightly marked surfaces, which show no singularly noteworthy or distracting abrasions. Only slight high-point wear occurs on Liberty's head and hair, and on the eagle's neck feathers and wing tips.
Ex: Queller Family Collection of Silver Dollars/Central States (Heritage, 4/2008), lot 2131, where it realized $46,000.(Registry values: N7079) (NGC ID# 24ZH, PCGS# 6967)

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