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    1870-CC Double Eagle, XF Details
    The 'King of Carson City Gold'

    1870-CC $20 -- Repaired -- PCGS Genuine. XF Details. Variety 1-A. The Carson City Mint technically became operational in late 1869; dies were received from Philadelphia by October of that year, and the minting machinery was set up and tested in early November. A lack of the necessary bullion, however, postponed production, and as a result, the 1869-dated dies were never used.

    The mint officially opened for bullion deposits on January 8th, 1870, and coinage of silver dollars commenced two days later. Double eagle production followed in March, but coinage was rather limited, due in part to inadequate bullion funds. The Mint Director's annual report for the fiscal year ending June 30, 1870, reads:

    "This Branch Mint, to make it efficient and successful, requires a bullion fund equal to the legitimate demands of business, and the just expectations of its depositors. No such fund has, as yet, been provided for the Institution."

    Sufficient funding was not supplied until the following year, and as a result, the 1870-CC double eagle's total mintage was limited to a paltry 3,789 coins, all of which were immediately placed into circulation.

    At the time, little collecting interest was paid to mintmarks, let alone to that of the small mint in the capital of the "Silver State," and the entire mintage was left to suffer heavy circulation in the Nevada territory for decades. By the time collectors began to take interest in the first double eagle issue bearing the CC mintmark, precious few were extant, and these are now among the rarest and most coveted Liberty double eagles. Garrett and Guth list the 1870-CC in 100 Greatest U.S. Coins, writing:

    "The demand far exceeds the supply of the 'King of Carson City gold.' It is by far the best-known and most highly sought-after gold coin from the Carson City Mint."

    Survival estimates typically suggest only 35 to 45 pieces are extant, which reveals the PCGS and NGC population data to be highly inflated, as their combined totals count some 66 coins in all grades (6/14).

    This piece is only lightly circulated, with pale yellow-gold color overall. PCGS notes repairs in the reverse fields, most notably around the eagle's left (facing) wing tip, though a light cleaning imparts an overall even appearance. With the profound rarity of this issue in any condition, this representative stands as an important opportunity for the advanced Carson City gold collector to acquire a pleasing example of this historic issue.
    From The Christopher Bently Nob Hill Collection.(Registry values: N10218) (NGC ID# 2542, PCGS# 8958)

    Weight: 33.44 grams

    Metal: 90% Gold, 10% Copper

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

    View all of [The Christopher Bently Nob Hill Collection ]

    Auction Info

    Auction Dates
    August, 2014
    5th-9th Tuesday-Saturday
    Bids + Registered Phone Bidders: 16
    Lot Tracking Activity: N/A
    Page Views: 1,073

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    I wish to extend our appreciation to you for over $925,000.00 realized from the above subject auction. This amount realized was approximately $110,000.00 more than we anticipated.
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