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Lot
10255

1873-CC $1 MS61 NGC. Ex: Eliasberg. Other than the nonexistent 1873-S and the prohibitively rare 1870-S, the 1873-CC is th...

2005 July San Francisco, CA (ANA) Signature Auction #382

 
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Auction Ended On: Jul 28, 2005
Item Activity: 8 Internet/mail/phone bidders
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Location: San Francisco, CA
Description:
Eliasberg's Uncirculated 1873-CC Seated Dollar
1873-CC $1 MS61 NGC. Ex: Eliasberg. Other than the nonexistent 1873-S and the prohibitively rare 1870-S, the 1873-CC is the rarest Seated Dollar issue. The tiny mintage of 2,300 pieces nonetheless exceeds that of the 1871-CC, of which 1,376 pieces were struck. However, the 1873-CC is even more difficult than the 1871-CC, particularly in VF to XF grades. This is likely because of the "Crime of 1873" legislation, which ended production of Silver Dollars in favor of Trade Dollars. Perhaps many 1873-CC Seated Dollars were melted, with the bullion reclaimed in 1873-CC Trade Dollars.
This boldly struck and lightly toned example exhibits good definition on the left (facing) claw and on Liberty's hair. The obverse luster is moderately prooflike, and the frosty Seated Liberty creates a mild cameo effect. The obverse field possesses a few wispy marks, but these are fewer in number and severity than is usual for the grade. Light gray toning graces the left reverse. The left (facing) wing feathers exhibit minor die doubling, and light mint-made clash marks are present near Liberty's raised arm and beneath the left wing. The wide CC reverse die was previously used to strike 1870-CC Dollars (reverse D). The combination of rarity, quality, and pedigree is formidable, and the present piece is worthy of the finest collection of Seated Dollars.
Ex: Edward Goldschmidt Collection (New York Stamp & Coin, 4/1895); J.M. Clapp, John H. Clapp; Louis E. Eliasberg, Sr. Collection (Bowers and Merena, 4/97), lot 2250, which realized $39,600.
From The Dr. John L. Pellegrini Collection of Liberty Seated Dollars.(#6972)(Registry values: N10218) (NGC ID# 24ZN, PCGS# 6972)

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