1877-CC $20 MS62 PCGS. Variety 1-A....

Description

1877-CC Liberty Double Eagle, MS62
Better Carson City Date
Tied for Finest Certified

1877-CC $20 MS62 PCGS. Variety 1-A. The design of the double eagle was slightly modified in 1877 by spelling out the denomination TWENTY DOLLARS on the reverse, rather than the abbreviated TWENTY D. of former years. The new design, known as the Type Three Liberty double eagle to present-day collectors, represents the only major design modification of U.S. gold coinage that took place during the years the Carson City Mint was operational.

Only 42,565 Liberty double eagles were struck at Carson City in 1877, a much smaller production total than those of the previous three years. Accordingly, the 1877-CC is more difficult to locate than the 1874-CC, 1875-CC, and 1876-CC, both in terms of overall and high-grade rarity. Jeff Garrett and Ron Guth cover the situation thoroughly in their Encyclopedia of U.S. Gold Coins:

"Finding an example of the 1877-CC double eagle in grades of Very Fine to About Uncirculated is not too difficult. Many found their way into overseas shipments, and in recent decades significant numbers have surfaced. The coins were transferred in bags, and the average surviving piece is heavily abraded. Mint State examples are scarce, and just a few are known at the choice level."

Doug Winter estimates the surviving population at 500-600 examples in all grades, and the 1877-CC is rare in grades above MS60. Currently, PCGS has graded just six coins in MS62, with none finer, while NGC has certified only five specimens at that grade level, also with none finer (11/19).

The present coin is a splendid MS62 example that combines the highest available technical quality with vivid, partially reflective orange-gold surfaces and vibrant mint luster for outstanding eye appeal. The design elements are well-detailed, with the hair above the brow showing a trace of the typical softness and some star centers without full radials. The obverse ranks among the least abraded and most sparsely marked 1877-CCs we have seen, while a few small, grade-defining marks exist on the reverse, below the circle of stars. We expect intense competition from series specialists and Registry Set enthusiasts when this exceptionally attractive CC double eagle is called.
From The "So Cal" Collection. (Registry values: N7079)

Coin Index Numbers: (NGC ID# 26AZ, PCGS# 8983, Greysheet# 9926)

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.

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