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    Description

    1870-CC Double Eagle, VF30
    Premier Carson City Gold Rarity

    1870-CC $20 VF30 PCGS. Variety 2-B. The establishment of the Carson City Mint in the Nevada Territory was largely in response to the discovery of silver ore in the Comstock Lode, though gold bullion deposits were also accepted. Production during the facility's first year of operation was primarily limited to the larger silver denominations (quarters through dollars), and small amounts of five, ten, and twenty dollar gold pieces. The double eagle had the lowest production total overall, with records reporting a total of only 3,789 pieces. The entirety of this small figure was soon dispersed into local commerce, where it was left to slowly fade away from loss and widespread circulation. As a result, the few surviving representatives exhibit light to moderate wear and are plagued by heavy abrasions. Apparently no examples were retained by contemporary collectors and those pieces that still exist likely survived only by chance or as part of small gold hoards.

    Survival estimates vary slightly, though most researchers agree the known population is only in the 35 to 45-coin range. Of these, most are in VF and XF grades, with AU examples being prohibitively rare. No Mint State pieces are known, and the finest certified example of the date is a sole AU55 coin at NGC (1/20).

    Besides its profound rarity (the greatest of any gold issue from the Carson City Mint), the 1870-CC double eagle also stands as one of the most sought-after of all American gold coins in general. Many collectors endeavor to complete a set of CC-mint double eagles, with the 1870-CC being the only legitimate "stopper," a factor that only increases its desirability. The coin ranks among Garrett and Guth's 100 Greatest American Coins, third edition, where it is heralded as the "King of Carson City gold."

    This example exhibits bright yellow-gold patina and pleasing detail for the grade. As always, scattered abrasions are present, some being significant in nature. The most noticeable are a pair of short cuts near the obverse rim adjacent to stars 5 and 7. The sheer rarity and historical allure of the issue, however, balances the appeal of this coin, making it an important find for the advanced Carson City gold specialist.
    Ex: New York Signature (Heritage, 10/2014), lot 5073.
    From The Johnson Family Collection of Rare $20 Liberties. (Registry values: N10218)

    Coin Index Numbers: (NGC ID# 26A8, PCGS# 8958)

    Weight: 33.44 grams

    Metal: 90% Gold, 10% Copper


    View all of [The Johnson Family Collection of Rare $20 Liberties ]

    View Certification Details from PCGS

    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.

    Auction Info

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