1879-CC $20 AU55 PCGS. CAC. Variety 1-A....

Description

1879-CC Double Eagle, AU55
Beautiful Semiprooflike Fields

1879-CC $20 AU55 PCGS. CAC. Variety 1-A. Ex: Navy Mustang. The early die state, before the eagle's tailfeathers become weakened by die lapping. Another low mintage was accomplished for double eagles in 1879 at the Carson City Mint, producing just 10,708 coins. About Uncirculated examples are scarce, and Mint State pieces are rare, with the finest graded just MS62. The current auction record for this issue was produced by an MS61 PCGS coin from the Fairmont Collection, which realized $84,000 in a recent March 2022 Stack's Bowers auction. That price realized follows a trend of strong auction reports for various AU coins that have appeared at auction in recent years, reflecting heightened demand for choice and rare Carson City gold.

By all measure of value, the Navy Mustang 1879-CC double eagle could easily set a new auction record for the AU55 grade, potentially surpassing the current record for this grade that we set in our recent 2022 FUN Signature, where a PCGS coin without CAC endorsement realized $31,000. The present coin carries CAC endorsement, and beyond that, it is also deeply prooflike (although not designated so on the holder). A sharp strike and ample reflectivity produce a degree of eye appeal that we doubt has previously been seen on a coin grading less than AU58 or even MS61. Rich orange-gold color is beautifully warm across each side, and there are surprisingly few marks or signs of wear. A remarkable coin that singularly embodies the traits carried by many coins in the Navy Mustang Collection. Population: 28 in 55 (1 in 55+), 31 finer. CAC: 6 in 55, 6 finer (6/22).
From The Navy Mustang Collection. (Registry values: N2998)

Coin Index Numbers: (NGC ID# 26B7, PCGS# 8989, Greysheet# 9930)

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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