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LOT #4300 |

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1877-CC $10 AU58 PCGS. Variety 1-A....

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Description

1877-CC Eagle, AU58
Finest Example Offered Publicly
Among the Highest Graded at Both Services

1877-CC $10 AU58 PCGS. Variety 1-A. This amazing 1877-CC eagle marks a number of important milestones. To begin, it is one of the three finest examples at the two leading grading services. Just as significant is the fact that this coin represents not only the single highest-graded example we have handled, but the top-certified 1877-CC eagle sold at public auction as far as we can tell. Recently, the best examples offered publicly have included the Harry W. Bass, Jr. (AU55 PCGS) and Twelve Oaks Collection (AU53 PCGS) coins. The latter set a record price for the issue in our September 2016 Long Beach Signature sale when it brought $49,350.

In 1893, Augustus G. Heaton described the 1877-CC ten dollar gold piece as "more or less scarce." Today, with only 50 to 70 pieces believed extant from a lowly mintage of 3,322 coins, one might be more inclined, and we believe correctly, to call this issue rare. A majority of survivors are seen in VF to XF condition. Relatively recent importations from overseas holdings account for a small number of AU representatives, but these are still rare. PCGS and NGC have yet to see a truly Uncirculated example, despite David Akers having reported the existence of what he called a "choice mint state" coin in 1980. Rusty Goe described the 1877-CC as a "late bloomer in terms of valuation," and we believe that while the market still fails to fully appreciate the absolute rarity of many Liberty Head eagles, sophisticated collectors will recognize the ultimate importance of this offering and adjust their bids accordingly.

The central obverse is lightly impressed, as always, but otherwise this near-Mint ten is well-struck. Warm, orange-gold surfaces are flashy with remaining mint luster and reddish-copper accents along the border near stars 11 to 13. Faint clash marks appear under Liberty's chin. A thin linear mark across the cheek and another above the arrowhead are the two most prominent pedigree identifiers. Population: 2 in 58, 0 finer (1/18).
From The Admiral Collection. (Registry values: N4719) (NGC ID# 265G, PCGS# 8678)

Weight: 16.72 grams

Metal: 90% Gold, 10% Copper

Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

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