LOT #4189 |
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1870-CC $10 AU50 PCGS. Variety 1-B....
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Sold on Feb 27, 2014 for:
$73,437.50
Bid Source: Mail/Fax bidder
Description
1870-CC Ten Dollar, AU50
Rarest Carson City Eagle, Seldom Seen So Fine
1870-CC $10 AU50 PCGS. Variety 1-B. The second C in the
mintmark is lower than the first. The 1870-CC eagle is, of course,
the first issue from the Carson City Mint in the long-running
Liberty Head eagle series. It was struck in the small amount of
5,908 coins, and it is generally considered to be the rarest eagle
issue from Carson City.The association with the fabled Carson City Mint and the cachet that comes along from that and its first-year status sustain the 1870-CC eagle and keep it perennially popular. Another factor that also works in its favor is the great rarity of and demand for its double eagle counterpart, struck to the extent of 3,789 pieces. Doug Winter writes of the 1870-CC eagle in his 2001 work, Gold Coins of the Carson City Mint:
"Six Carson City eagles have lower mintage figures than the 1870-CC, but this is still clearly the rarest eagle from this mint. It is also the rarest Carson City eagle in terms of high grade rarity. At one time, in fact, I regard this as the single rarest gold coin from this mint, eclipsing even the more famous (and considerably more expensive) 1870-CC double eagle. This coin's indisputable rarity and its status as the first gold issue struck at the Carson City mint should make it one of the most desirable 19th century United States gold coins. Yet this is a curiously overlooked and, in my opinion, undervalued issue."
This piece shows deep orange-gold color on surfaces that are fairly well-struck and rather lightly abraded, far nicer than most survivors of the issue. Areas of reflective, semiprooflike luster peek out here and there, around the protected areas of the devices. Auction offerings of this rare issue in so fine a grade are infrequent, and this piece should garner plenty of collector attention before and during the upcoming auction. Population: 4 in 50, 5 finer (1/14).
From Christopher Bently's Nob Hill Collection.(Registry values: N10218)
Coin Index Numbers: (NGC ID# 264U, PCGS# 8658, Greysheet# 9471)
Weight: 16.72 grams
Metal: 90% Gold, 10% Copper
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.
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
2014 February 27 - 28 & March 2 ANA National Money Show US Coins Signature Auction - Atlanta #1203 (go to Auction Home page)
Auction Dates
Feb-Mar, 2014
27th-2nd
Thursday-Sunday
Bids + Registered Phone Bidders: 15
Lot Tracking Activity: N/A
Page Views: 1,381
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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