LOT #30389 |
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1879-CC $10 AU50 PCGS. Variety 1-A....
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Sold on Mar 20, 2014 for:
$41,125.00
Bid Source: Internet bidder
Description
1879-CC Liberty Eagle, AU50
Lowest Mintage of Any CC-Mint Coin
Only One Example Known in Mint State
1879-CC $10 AU50 PCGS. Variety 1-A. The 1879-CC Liberty
eagle is extremely rare in Mint State grades, and with good reason.
The paltry original mintage of 1,762 pieces is the lowest among all
gold coins produced at the Carson City Mint, and a single pair of
dies was used to accomplish the entire production run. PCGS
estimates the surviving population at 45-60 specimens in all
grades, a slight increase over the estimate of 40-50 survivors made
by Doug Winter in 2001. Currently, PCGS has certified a total of 38
examples, with the highest grading AU58, while NGC has also graded
38 coins, one in MS62, the sole Mint State example known
(2/14).Large denomination gold coins, especially branch mint issues, were seldom collected before the late 1930s. An early auction appearance of the 1879-CC was in lot 371 of Sale 399 (J.C. Morgenthau, 5/1939), which read simply, "1879-CC Very fine." The lot realized $26, not a bad price for the time. The record auction price seems to be $48,300, realized by the Harry Bass AU55 PCGS specimen in 1999.
Although not the best produced CC-mint eagle, the 1879-CC generally displays an overall bold impression. The present coin is well defined, with uncommonly sharp detail over the reverse eagle and the obverse hair curls. All other features are crisp, and the otherwise orange-gold surfaces reveal more deeply set green-gold shades at indirect angles. The scattered abrasions are consistent with a CC-mint gold coin that saw 10 points of wear, and relatively few could even be called moderate in size. Population: 7 in 50, 4 finer (2/14).
Ex: Long Beach Signature (Heritage, 9/2002), lot 8420.
From the Collection of Donald E. Bently, sold for the benefit of the Bently Foundation.(Registry values: N7079)
Coin Index Numbers: (NGC ID# 265N, PCGS# 8684, Greysheet# 9488)
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 March 20 The Collection of Donald E. Bently - Bently Foundation US Coins Signature Auction - San Francisco #1205 (go to Auction Home page)
Auction Dates
March, 2014
20th
Thursday
Bids + Registered Phone Bidders: 5
Lot Tracking Activity: N/A
Page Views: 1,167
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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