1878-CC $5 VF25 NGC. Variety 1-A....

Description

1878-CC Five Dollar, VF25
Underrated Rarity

1878-CC $5 VF25 NGC. Variety 1-A. Ex: Navy Mustang. The 1878-CC is one of the rarest Carson City half eagles, and it is arguably underrated when compared with the more popular 1870-CC in terms of value. In his Analysis of Auction Records in 1979, David Akers wrote:

"After the 1870-CC, the 1878-CC is the rarest Carson City Mint Half Eagle, and in my survey, the 1878-CC actually appeared less often (32 times compared to 37) than the 1870-CC. To the best of my knowledge, no known specimen grades better than the EF and I have seen only two or three that even graded that high. Most available specimens (there aren't many) grade only Fine or VF."

That assessment largely true today as well, although a few more high-grade pieces are known. Rusty Goe estimates that only 75 to 85 pieces survive in all grades. This example displays smooth, evenly worn surfaces with medium honey-gold color. The patina is satiny in appearance, with no significant abrasions. Census: 2 in 25, 42 finer (6/22).
From The Navy Mustang Collection. (Registry values: P3)

Coin Index Numbers: (NGC ID# 25X5, PCGS# 8346, Greysheet# 9066)

Weight: 8.36 grams

Metal: 90% Gold, 10% Copper

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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