LOT #3339 |
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1879-CC $1 Capped Die MS65 PCGS Secure. VAM-3....
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Sold on Aug 11, 2010 for:
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Description
Gorgeous 1879-CC VAM-3 Dollar
The Capped Die, MS65
1879-CC $1 Capped Die MS65 PCGS Secure. VAM-3. A Top 100
Variety. After a one-sentence note about the 1879-CC dollar's
scarcity as an issue, the Van Allen-Mallis reference turns to
varieties. Their attention lingers longest on a particular and
peculiar reverse die:"Not many die varieties are known for this date. The most prominent is VAM 3 with a large CC over small CC, the so-called capped CC variety. ... Apparently the large CC was punched over the small CC of the type used for the 1878-CC [Morgan dollar] and attempts were made to obliterate the small CC remains with engraving tools. The result is a messy looking CC which in the past was mistaken for a counterfeit CC."
Perhaps it was this mistaken reputation that depressed prices, leading the authors to comment that "This is the only major die variety in the Morgan series that is price discounted." The perception has all but disappeared, though it lingers in the pages of the Guide Book in grades from XF40 to MS64.
At the MS65 grade, though, there comes a reversal, and the long-maligned Capped Die emerges as a condition rarity, more costly than its "normal" cousin. This is an immensely lustrous Gem with two distinctly different shades of patina. The obverse ranges from pale gold at the top to rich lemon-yellow at the bottom, while on the reverse, light blue and gray tones mingle. Well struck save for the hair over Liberty's ear and an immensely rewarding coin in many respects. Population: 10 in 65, 0 finer (6/10).(Registry values: P6, N4719)
Coin Index Numbers: (PCGS# 7088, GSID# 7451)
Metal: 90% Silver, 10% Copper
Weight: 26.73 grams
ASW: 0.77346oz
Auction Info
2010 August Boston, MA Signature & Platinum Night ANA Coin Auction #1143 (go to Auction Home page)
Auction Dates
August, 2010
11th-15th
Wednesday-Sunday
Bids + Registered Phone Bidders: 7
Lot Tracking Activity: N/A
Page Views: 1,637
Buyer's Premium per Lot:
15% of the successful bid per lot.
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