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1872-CC $1 MS64 NGC....

2008 April Rosemont, IL (CSNS) Signature Coin Auction #1104

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Auction Ended On: Apr 17, 2008
Item Activity: 11 Internet/mail/phone bidders
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Location: Rosemont, IL
Conditionally Rare 1872-CC Dollar, MS64
Tied for Finest Graded
1872-CC $1 MS64 NGC. Only four issues of the Liberty Seated silver dollar were produced at the Carson City Mint, from 1870 through 1873. All four dates are scarce, with the final year 1873-CC being the rarest. The '72-CC is the third-rarest, and had a tiny original mintage of 3,150 pieces. In 1985, Weimar W. White estimated that about 75 examples of this date still existed in circulated grades, with approximately 15 pieces in MS60-63, and only 1 or 2 coins in MS65. Rusty Goe was more optimistic in his 2003 publication "The Mint On Carson Street", where he stated: "Regardless what happened to them long ago, it appears that no more than 10% of the original mintage survived to the early years of the 21st century." Later, on the same page, Goe notes that: "There are a fair amount of Uncirculated specimens for such a rare date, although it is evident that Gem quality examples are prohibitively scarce."
As far as the two major grading companies are concerned, the current offering represents one of just four coins that have been graded at MS64: all by NGC. Only two pieces have been graded finer, both at MS65 (one apiece by PCGS and NGC), as of March 2008.
This piece is well struck and impressively preserved, with a reeding mark noted in the field area just below GOD, on the upper reverse, that serves as a helpful pedigree marker. It was offered as part of the noteworthy R.A. Carson Collection of Carson City coins (Bowers and Ruddy, June 1976), where it was described as: "Choice Brilliant Uncirculated with prooflike surfaces. Beautiful subtle light lilac and lavender toning. An absolutely unbelievable coin; probably set aside as a presentation piece at the time of issue. A numismatic classic. An 1872-CC dollar of this quality may never come your way again." More than 30 years later, this assessment still seems valid.
Ex: George O. Walton Collection (Stack's, 6/63), lot 1909; R.A. Carson Collection of Carson City coinage (Bowers and Ruddy, 6/76), lot 93.
From The Queller Family Collection of Silver Dollars.
(Registry values: N10218) (NGC ID# 24ZK, PCGS# 6969)

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