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1870-CC $10 AU53 PCGS. Variety 1-B....

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Sold on Oct 6, 2022 for:
$162,000.00 Bid Source: Internet bidder
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Description

1870-CC Ten Dollar, AU53
First-Year Rarity of the Highest Order
Key to the Carson City Set

1870-CC $10 AU53 PCGS. Variety 1-B. A PCGS CoinFacts plate coin. The 1870-CC represents the opening salvo in the history of Carson City eagle production. Rusty Goe calls it "one of the most exciting date-denominations in the entire galaxy of Carson City coins" and "the key to this set." Of that, there can be no doubt.

The Carson City branch mint manufactured 5,908 ten dollar gold pieces in its inaugural year of coining operations. The facility was meant to service the West -- take gold deposits and convert them into usable coinage -- and that is what it did. These coins were meant to circulate in the frontier economy, not to sit idly in cabinets, not that there were any collectors interested in collecting by mintmark at that time anyway. It would be another 23 years before Augustus Heaton's treatise sparked interest in that area of collecting. Consequently, nearly the entire mintage has been lost through normal attrition (circulation, melting, export, or some combination thereof). Goe estimates 60 to 75 examples exist, which he describes as "not much higher than that of its double eagle mate from the same year."

This is one of maybe two or three distinct coins in AU53 condition. Perhaps four individual coins, all in AU55, are finer. The 1870-CC is unknown in near-Mint or Mint State grades. Strike detail is bold with most star radials clear, Liberty's middle curls well-delineated, and the eagle's wing and leg feathers crisp. Both sides are bright yellow-gold with apparent reflectivity in the fields undiminished by the peppered abrasions throughout. A CC rarity of the highest order. Population: 6 in 53, 3 finer (8/22).(Registry values: N10218)

Coin Index Numbers: (NGC ID# 264U, PCGS# 8658, Greysheet# 9471)

Weight: 16.72 grams

Metal: 90% Gold, 10% Copper

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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.

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Auction Info

2022 October 6 - 9 Long Beach Expo US Coins Signature® Auction #1349 (go to Auction Home page)
Auction Dates
October, 2022
6th-9th Thursday-Sunday
Bids + Registered Phone Bidders: 24
Lot Tracking Activity: N/A
Page Views: 775

Buyer's Premium per Lot:
20% of the successful bid per lot.

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Sold on Oct 6, 2022 for: $162,000.00
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