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1870-CC $10 XF40 NGC. Variety 1-B....
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Sold on Aug 15, 2023 for:
$102,000.00
Bid Source: Internet bidder
Description
1870-CC Liberty Ten, XF40
First Year Branch Mint Key
Rarest Carson City Eagle
1870-CC $10 XF40 NGC. Variety 1-B. The 1870-CC Liberty eagle
claims a minuscule mintage of just 5,908 pieces, struck during the
first year of operations at the Carson City Mint. The 1870-CC is
the rarest ten dollar gold piece from the famous Western facility,
both in absolute terms and with respect to high-grade rarity. PCGS
CoinFacts estimates the surviving population at approximately 45-60
specimens in all grades. Neither of the leading grading services
have certified any examples in Mint State grades, with the finest
known being a single AU58 specimen at PCGS (6/23). Prominent gold
specialist Doug Winter considers the 1870-CC an underrated issue,
curiously overlooked and undervalued.An early auction appearance of the 1870-CC was in lot 80 of the B.W. Smith Collection (B. Max Mehl, 5/1915):
"1870-CC First date of the $10 gold piece of this mint. Very Good, nearly Fine. Very rare. Seldom offered."
The lot realized $20, a fairly strong price for the time. Prices have increased exponentially in recent years, as collector awareness of the rarity of the issue increased. Recent sales include the XF45 PCGS specimen in lot 3612 of the U.S. Coins Signature Auction (Heritage, 8/2022), which realized $192,000.
The present coin shows some wear on Liberty's hair and the wingtips and neck of the eagle, but retains most of its original design detail. The pleasing orange and rose-gold surfaces display a few traces of mint luster and a scattering of minor contact marks. A short scratch near the point of the bust makes a good pedigree marker. Census: 8 in 40, 26 finer (6/23).
Ex: ANA National Money Show Signature Auction (Heritage, 2/2014), lot 4188.(Registry values: N7079)
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
2023 August 15 - 20 ANA US Coins Signature® Auction #1364 (go to Auction Home page)
Auction Dates
August, 2023
15th-20th
Tuesday-Sunday
Bids + Registered Phone Bidders: 15
Lot Tracking Activity: N/A
Page Views: 334
Buyer's Premium per Lot:
20% of the successful bid per lot.
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