LOT #3773 |
Sold on Sep 5, 2019 for: Sign-in
or Join (free & quick)
1879-CC $1 Capped Die, VAM-3, MS65+ PCGS. CAC....
Click the image to load the highest resolution version.
Sold on Sep 5, 2019 for:
$45,600.00
Bid Source: Internet bidder
Description
1879-CC Capped Die Morgan, MS65+
VAM-3, A Top 100 Variety
Of the Utmost Importance for Registry Sets
1879-CC $1 Capped Die, VAM-3, MS65+ PCGS. CAC. Ex: JCS
Collection. A Top 100 Variety. The VAM-3 variety, dubbed the
"Capped Die" by VAM specialists, is among the most famous of the
Top 100 Morgan dollar VAMs. It is also the only 1879-CC variety on
the Top 100 VAM list. The key diagnostic is a cluster of tiny die
chips around the Large CC mintmark on the reverse, which at one
point in the distant past was thought to be just die rust. However,
students of the series have, since the 1960s, attributed these die
chips to an engraver's attempt to efface evidence of a repunched
mintmark, in the case of VAM-3, a Large Over Small CC repunched
mintmark. In the September 1965 issue of Numismatic Scrapbook
Magazine, Leroy Van Allen commented on this discovery:"Some articles in the past have said the capped CC was due to a rusted die. However, I doubt that it was due to a rusted die since no other defects exist except for the filled G on some coins. The rough surface around the CC was probably due to attempts to obliterate the small mint mark. The tops of the small mint mark looks like it appears just above the large mint mark. ... Since 1879 was the first year large size mint marks were used, what probably happened was that an older 1878 reverse die was modified."
The popularity of this variety has grown out of the extensive study and debate that it has generated over the years. Today, it is known to be marginally scarcer than coins from Normal Mintmark die pairs, although not quite as elusive as the 2 to 1 ratio that Van Allen suggested in 1965. Mint State coins in the lower of these grades frequently appear at auction, even while they are scarce on the bourse floor and missing from many Morgan dollar collections. However, in Choice condition the Capped Die variety is challenging to acquire. Collector demand causes this. Gem examples of the issue are so rare -- not only in the context of Morgan dollars but in an absolute sense -- that a moderate supply of MS64 coins on the market is quickly dried up by Registry collectors and other series specialists.
Offered here is a truly magnificent coin. Graded MS65+, it is tied for the finest Capped Die Morgan certified by either service, save for perhaps only a lone MS65 Deep Prooflike piece reported at NGC. There is a hint of reflectivity in the fields, although this brilliant Gem is mainly frosted, as is the norm for Carson City dollars. Liberty's cheek is pristine and the fields are nearly as well-preserved. A dab of strike softness immediately above Liberty's ear hardly detracts. Eye appeal is outstanding on this important Registry coin. For a Major Varieties set, the 1879-CC Capped Die deserves the utmost attention. Population: 16 in 65 (5 in 65+), 0 finer. CAC: 6 in 65, 0 finer (7/19).
From The Shucart Family (JCS) Collection of Morgan Silver Dollars.
Coin Index Numbers: (NGC ID# 253T, Variety PCGS# 133869, Base PCGS# 7088, Greysheet# 193681)
Weight: 26.73 grams
Metal: 90% Silver, 10% Copper
View all of [The Shucart Family (JCS) Collection of Morgan Silver Dollars ]
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
2019 September 5 - 8 Long Beach Expo US Coins Signature Auction - Long Beach #1299 (go to Auction Home page)
Auction Dates
September, 2019
5th-8th
Thursday-Sunday
Bids + Registered Phone Bidders: 18
Lot Tracking Activity: N/A
Page Views: 1,974
Buyer's Premium per Lot:
20% of the successful bid per lot.
Shipping, Taxes, Terms and Bidding
Terms and Conditions | Bidding Guidelines and Bid Increments | Glossary of Terms | US & World Coin Grading Tutorial
Important information concerning Sales Tax and Resale Certificates. Learn More
Terms and Conditions | Bidding Guidelines and Bid Increments | Glossary of Terms | US & World Coin Grading Tutorial