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1872-CC $10 MS62 NGC. Variety 1-B....
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Description
1872-CC Liberty Eagle, MS62
Newly Discovered Rarity
Single-Finest Certified Example
1872-CC $10 MS62 NGC. Variety 1-B. Commercial demand for ten
dollar gold coins remained stagnant in 1872, resulting in a
minuscule mintage of 4,600 Liberty eagles at the Carson City Mint
that year. The coins were released into circulation in the regional
economy, as gold coins did not circulate at par in the Eastern
United States until 1879, and few Carson City eagles were used in
foreign trade. Most of the small mintage circulated widely in the
hard-money economy of the Western United States for decades,
suffering extensive wear and attrition over the years. PCGS
CoinFacts estimates the surviving population at 75-90 examples in
all grades today, with the typical specimen grading in the VF-XF
range.By the time collecting branch mint eagles became popular in this country, in the late 1930s, no Mint State examples of the 1872-CC eagle could be found. All the great students of the series, including David Akers, Jeff Garrett and Ron Guth, Q. David Bowers, Rusty Goe, and Doug Winter have written that the 1872-CC is unknown in Mint State grades. That was true until this coin recently surfaced in a European collection, one of the few 1872-CC eagles to be repatriated from overseas holdings.
The present coin is an attractive MS62 specimen, the finest certified example of this rare branch mint issue by four grading points. It was recently consigned through our London office after being held in a private European collection since before 1940. The owner notes this coin has been off the market for more than 100 years. This piece exhibits well-detailed design elements, with a touch of the usual softness on Liberty's curls and the eagle's right (facing) leg. The satiny apricot-gold surfaces are remarkably free of large or distracting contact marks, with vibrant mint luster on both sides. Overall eye appeal is outstanding. This finest-known example is destined for a place in the finest collection or Registry Set. Census: 1 in 62, 0 finer (11/19).(Registry values: N10218)
Coin Index Numbers: (NGC ID# 2652, PCGS# 8664)
Weight: 16.72 grams
Metal: 90% Gold, 10% Copper
Learn more at the Newman Numismatic Portal at Washington University in St. Louis.
Auction Info
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