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1880-CC $1 8 Over High 7, VAM-5, MS67+ PCGS. CAC....
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Sold on Sep 5, 2019 for:
$84,000.00
Bid Source: HA.com/Live bidder
Description
1880-CC Morgan Dollar, MS67+
VAM-5, 8/7, High 7
Among the Finest of This Top 100 Variety
1880-CC $1 8 Over High 7, VAM-5, MS67+ PCGS. CAC. Ex: JCS
Collection. A Top 100 Variety. VAM-5 is one of the most popular
overdates in the Morgan dollar series due to the prominence of the
underdigit 7 -- its remnants are plainly visible within both loops
of the second 8, with its "ears" protruding out of the top of the 8
on each side. A sharp eye can detect the underdigit even without a
loupe. On the reverse, a vertical die gouge between the olive
branch and the fletchings confirms the attribution. In Carson
City Morgan Dollars, third edition, Adam Crum, et al,
write:"The overdate feature inside the second 8 in the date on the 1880-CC VAM-5 is enough to turn the head of even the most jaded variety specialist. Interestingly, not only is an underlying 7 clearly visible behind the 8, but a checkmark can be seen on the top left surface of the last 8. This is important, because a number of 1880-P and 1880-O varieties were found with that checkmark feature; it's been concluded that they are most likely overdates, as well."
This variety has proven to be readily accessible in many Mint State grades, having survived in quantity through Treasury storage that led to the General Services Administration sales of the 1970s. VAM-5 dollars exist both in and out of GSA holders, although many of the former category were originally in GSA holders before being certified. It is believed that the GSA sales are the source of most high-grade representatives.
Offered here is a special example of this important issue. In MS67+, it is tied for the finest VAM-5 dollar at PCGS, and unlike lower-grade coins, it is conditionally rare. No Prooflike or Deep Mirror coins have garnered Superb Gem classification, and only a handful of frosted coins like the present are worthy of such a designation. Luster abounds across thickly frosted, unblemished surfaces. Faint evidence of roller marks (mint made) appear on the hair above Liberty's ear, although the strike in that area is still above average. Liberty's cheek is nearly pristine, and the fields, as far as the human eye can discern, pretty well are pristine. This is the ultimate Registry coin, but it is more than that. As Crum, et al, write: "The impressive features of the VAM-5 should be a sure draw to many non-variety collectors down the road, so demand for this variety should vastly increase. The result? Now might be a good time to acquire a high-grade specimen." Population (8 Over High 7): 11 in 67 (3 in 67+), 0 finer. CAC: 6 in 67, 0 finer (7/19).
From The Shucart Family (JCS) Collection of Morgan Silver Dollars.
Coin Index Numbers: (NGC ID# 2542, Variety PCGS# 133877, Base PCGS# 7102)
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: 20
Lot Tracking Activity: N/A
Page Views: 2,610
Buyer's Premium per Lot:
20% of the successful bid per lot.
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