1891-CC $20 MS62 PCGS. CAC. Variety 1-A....

Description

1891-CC Liberty Double Eagle, MS62
Condition Census CAC Example

1891-CC $20 MS62 PCGS. CAC. Variety 1-A. Ex: Bender Collection. The low mintage of just 5,000 pieces for the 1891-CC double eagle is the second lowest for any Carson City twenty dollar, trailing only the 1870-CC with its 3,789 coins. The 1891-CC is quite scarce in About Uncirculated, and rare in Mint State. Just 61 Uncirculated examples are reported by PCGS and NGC combined, and all except two of those pieces listed grade no finer than MS62. In The Confident Carson City Coin Collector, Rusty Goe claims that he has never actually seen either of the two pieces reported in MS63, and no such coin is pictured on CoinFacts (the typical place to see top-grade PCGS coins). Neither of the two current highest rated PCGS Registry Sets have an 1891-CC in the top grade, and only the D.L. Hansen Set comes close, including an MS62 coin. Finally, no slabbed MS63 coin has ever appeared at auction. Until recently, there was only a lone MS63 coin was ever reported by the certification services. The second coin now listed, totaling one piece at PCGS and one at NGC, strongly suggests that there may be only one coin in that grade, certified by both services, which is tightly held out of the public eye. Whatever the case, the current MS62 PCGS CAC Bender Collection specimen is at the very least high in the Condition Census.

Douglas Winter, writing in Gold Coins of the Carson City Mint, contends that the 1891-CC exhibits excessively abraded surfaces, saying "this is one of the most heavily abraded of all Carson City gold coins (regardless of denomination) and any piece with only moderately abraded surfaces is in great demand." Winter further notes that representatives of this issue frequently possess copper spots and grease stains. The present MS62 example, while having a scattering of light, grade-defining contact marks, is far from being "excessively or heavily abraded." Therefore, it is an exceptional, high-end MS62 that is boldly struck and gives of pleasing luster from peach-gold surfaces that are imbued with traces of apricot and mint-green. This is a coin that is sure to please. Population: 5 in 62, 1 finer. CAC: 3 in 62, 0 finer (7/22).
Ex: FUN Signature (Heritage, 1/2008), lot 3335.
From The Bender Family Collection, Part I. (Registry values: N7079)

Coin Index Numbers: (NGC ID# 26C3, PCGS# 9017, Greysheet# 9949)

Weight: 33.44 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.

View all of [The Bender Family Collection, Part I ]

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