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Lot
2228

1871-CC $1 MS64 NGC. Ex: Richmond Collection. During the year, the Carson City Mint produced only 1,376 Silver Dollars, an...

2005 November Dallas, TX Signature Auction #388

 
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Auction Ended On: Nov 3, 2005
Item Activity: 9 Internet/mail/phone bidders
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Location: Dallas, TX
Description:
Choice Prooflike Mint State 1871-CC Seated Liberty Dollar
1871-CC $1 MS64 NGC. Ex: Richmond Collection. During the year, the Carson City Mint produced only 1,376 Silver Dollars, and those that were not exported or lost have survived today in well worn condition, with very few exceptions. The reason for such a low mintage, of course, was the rising silver price. In 1871, a freshly minted silver dollar contained more than face value in actual silver at the market levels of that time. It was an unfortunate situation for the famous Comstock Lode was beginning to produce silver at a greatly expanded pace. The few high-grade examples that we are familiar with include the Eliasberg coin, the James A. Stack - L.K. Rudolf specimen, and this example from the Norweb and Jack Lee Collections.
The surfaces have full silvery-white brilliance without evidence of toning. It is close to a fully struck example, with only slight weakness on Liberty's head. Fully prooflike with remarkable eye appeal, this Near-Gem example has brilliant silver surfaces without any evidence of toning. The devices have frosty luster, creating a lovely cameo appearance. A tiny rim nick on the obverse at 11 o'clock serves as a pedigree marker.
Apparently the entire mintage was produced from a single set of dies, and we note a feature of the obverse that, to the best of our knowledge, has not previously been published. In the border, directly below the tail of the 7, can be seen the top of a mis-placed digit 1. It is likely only visible on the highest grade coins, as this blunder appears on top of a dentil rather than between two dentils. As such, even the slightest wear would essentially eliminate viewing of this characteristic.
Ex: Numismatic Gallery; Imperial Coin Co. (7/29/1954); Norweb Collection (Bowers and Merena, 11/1988), lot 3828; Bowers and Merena (9/1998), lot 1090; Richmond Collection (David Lawrence, 11/2004), lot 1499.
From The Jack Lee Collection, III(#6967) (Registry values: N14284) (NGC ID# 24ZH, PCGS# 6967)

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