1876 20C MS67 PCGS Secure. CAC....
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For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
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Tied for Finest Certified
The Mint Act of February 12, 1873, deemed the Crime of '73 by the silver interests, discontinued the silver dollar (as well as the two cent piece, silver three cent piece, and the half dime) and reduced the weights of the remaining silver coins to further widen the ratio between gold and silver. This was the de facto adoption of the gold standard by the United States. The actions by the U.S. and other countries, combined with the discovery of massive silver deposits in Nevada during the prior decade, greatly diminished the value of silver.
The Free Silver movement argued for the free coinage of silver: unlimited production of silver coins at a ratio that maintained their value relative to gold. This inflationary policy would benefit debtors, many of whom were farmers, because it would dramatically lower the real amount that would have to be paid back to the banks (inflation makes preexisting debts cheaper), and would be an obvious boon to the silver mine owners.
The Act of March 3, 1875 was the first piece of legislation passed by the silver interests and it authorized production of a silver twenty cent piece. Although the case was made that there was a need for small denomination coins in the West, the twenty cent piece was simply unnecessary because the dime and quarter already filled that void. In the first year of the denomination more than 1 million pieces were struck; the following year, 1876, fewer than 25,000 circulation strikes were produced. Only 14,640 of these coins were struck at the Philadelphia Mint.
On the other hand, in 1876 the dime and quarter each had mintages of more than 30 million pieces, easily supplying enough small change for the rural states. The twenty cent piece was simply redundant and production of circulation issues ceased in 1876 after only two years. (Proofs were manufactured for another two years before the denomination was completely abandoned.)
From a lowly mintage of just 14,640 pieces, this MS67 specimen is a remarkable survivor. It is tied with only two other examples for the status of finest certified at PCGS, and NGC does not report any examples higher (9/11). Attractive shades of blue and lilac cover both sides. The design definition is razor-sharp with the only softness observed on a couple of stars. As one would expect from the grade the surfaces are virtually immaculate. Flashy luster throughout the fields adds to the eye appeal.(Registry values: N7079) (NGC ID# 23R8, PCGS# 5299)
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