LOT #30338 |
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1875-CC 20C MS66 PCGS. CAC....
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Sold on Jun 23, 2014 for:
$49,937.50
Bid Source: HA.com/Live bidder
Description
1875-CC Twenty Cent Piece, MS66
Impressive High-Grade Example
1875-CC 20C MS66 PCGS. CAC. A gorgeous satiny sheen enlivens
the beautifully toned surfaces of this conditionally rare Premium
Gem example. Blended hues of turquoise-green, gold, and rose-gray
add a pleasing complement to the outstanding visual appeal of this
collectible twenty cent piece from the Carson City mint; an
important issue for type specialists.Population Data (4/14): Five examples are graded MS66 by PCGS, with none finer. NGC has seen four coins rated MS66, and one finer at MS67.
Heritage Commentary: The short-lived twenty cent denomination had special ties to Carson City, as it was Nevada Senator John P. Jones who successfully proposed the bill to create this new coinage type. Production of the new denomination began on June 1, 1875, in Carson City, and a special ceremony was held with Mint Superintendent James Crawford presenting the very first twenty cent coin struck that day to Senator Jones, before an audience of reporters and local dignitaries.
The twenty cent denomination had been advocated by newspapers and politicians in Nevada since 1871. It was viewed as a means to end the hateful "bit" problem, wherein retail customers were cheated every time that they made a purchase requiring change in any amount other than five, ten, or twenty-five cents. Store owners and bartenders would consistently shortchange the customer, creating a great deal of dissatisfaction in some of the Western states, including Nevada and California.
A total business strike mintage of 133,290 coins was achieved at the mint facility in Carson City in 1875. The new twenty cent denomination was not well received, partly due to its similarity in size and appearance to the quarter dollar, and some of the coins were retained by the mint until they were eventually melted in May, 1877, upon orders from Mint Director Linderman.
Provenance: Purchased from Rusty Goe (5/2003).(Registry values: N7079)
Coin Index Numbers: (NGC ID# 23R6, PCGS# 5297, Greysheet# 5039)
Weight: 5.00 grams
Metal: 90% Silver, 10% Copper
The Confident Carson City Coin Collector
by Rusty Goe
The Carson City Mint’s celebrated legacy — replete with landmark achievements, setbacks, mysteries and tall tales — is covered in exacting detail in Goe’s three-volume set.
by Rusty Goe
The Carson City Mint’s celebrated legacy — replete with landmark achievements, setbacks, mysteries and tall tales — is covered in exacting detail in Goe’s three-volume set.
Auction Info
2014 June 23 The Eugene H. Gardner Collection of US Coins Signature Auction - New York #1213 (go to Auction Home page)
Auction Dates
June, 2014
23rd
Monday
Bids + Registered Phone Bidders: 16
Lot Tracking Activity: N/A
Page Views: 1,336
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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