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    Description

    1871-CC Seated Dime, Ex: James A. Stack, MS65
    Possibly the Sole Finest Graded of This Key Date
    A Capstone of the Gardner Collection

    1871-CC 10C MS65 NGC. Fortin-101. Ex: J. Stack. Reflective surfaces are prooflike throughout -- a trait often seen on the few Mint State 1871-CC dimes known -- and highly reflective under a layer of lovely pink and blue patina on both sides. The strike is quite sharp on all details front and back, and even a loupe reveals no mentionable distractions. The 1871-CC is the first Carson City issue and a key date in the Seated dime series. In any Mint State grade, the 1871-CC is remarkably rare. In Gem condition, this coin is a capstone of the Gardner Collection -- an example that is, at a minimum, tied for the finest certified example, and that might turn out to be the finest certified by two grade points.

    Variety: Fortin-101, only a single die variety known for the issue of 20,100 coins. Only a single reverse die was employed from 1871-CC to 1874-CC.

    Heritage Commentary: The James A. Stack example -- the present MS65 NGC coin -- was cataloged in its Stack's (no relation to James Stack) offering in January 1990 thusly, as lot 146:

    "1871'CC' Gem Brilliant Uncirculated. A wholly prooflike example, sharply struck and cameolike. In fact, without looking for the mintmark, one could easily be lulled into thinking it a Proof! The coin has beautiful light to medium iridescent toning. This cataloguer described the example in our Holmes Sale in 1960 (the only other Mint State example known) and in his opinion, the present coin is more beautiful. A great rarity in extraordinary condition, all of the ingredients for a record price."



    In fact, the uncertified James A. Stack coin did realize a record price for the time (and in a notably weak coin market overall, which had largely tanked in the second half of 1989), bringing in a healthy $50,600. The other coin, the Waldo E. Bolen example that Mr. Gardner mentions below, brought only $34,100 some five years later.

    The certified populations for this issue, and some older auction appearances, are especially puzzling. NGC reports a second Gem submission, but we find no whisper of its existence. Carson City expert Rusty Goe, in relation to the Norweb-Battle Born MS63 PCGS example offered in Stack's 2012 Philadelphia ANA auction, wrote that he believed both the MS65 NGC and the MS64 PCGS were in fact the Gardner Collection coin, making the MS63 PCGS Battle Born second finest known of the issue.

    Consignor Commentary: An incredible rarity in Mint State, and along with the 1874-CC the key to the set. There are three coins of this date which rival for the top of the Condition Census. There is this coin from the James A. Stack collection, and one other graded MS65 by NGC. And there is one coin graded MS64 by PCGS. One of the other two has to be the Bolen coin auctioned by Stack's in 1995.

    Recent Appearances of Mint State 1871-CC Dimes
    Given likely duplications in certified population data, there may be as few as four or five Mint State examples known.The following roster was compiled with the help of Ron Guth, President PCGS CoinFacts.
    1. NGC MS65. James A. Stack, Sr.; James A. Stack, Sr. Collection (Stack's, 1/1990), lot 146; Pre-Long Beach Sale (Superior, 2/2003), lot 1358 (as NGC MS65), not sold; Baltimore Auction (Bowers & Merena, 3/2005), lot 443 (as NGC MS65), realized $230,000; Eugene Gardner Collection (Heritage, 10/2014), lot 98271 (as NGC MS65 1664785-001), realized $270,250.
    2. PCGS MS63. Harold M. Budd, Sr.; Numismatic Gallery (Abe Kosoff and Abner Kreisberg); Imperial Coin Company (Ben Stack), sold privately on 7/29/1954; Norweb Collection (Bowers & Merena, 10/1987), lot 529, realized $12,100; Auction '88 (RARCOA, 7/1988), lot 1630; Waldo E. "Pat" Bolen, Jr. Collection; Numisma '95 (Stack's/RARCOA/Akers, 11/1995), lot 2134 (as Raw Gem Uncirculated), realized $34,100; Kennywood Collection (American Numismatic Rarities, 1/2005), lot 373 (as PCGS MS62), realized $75,900; Rusty Goe, sold privately in 1/2005; Battle Born Collection (Stack's Bowers, 8/2012), lot 11102 (as PCGS MS63), realized $97,750.
    3. PCGS MS62. Metropolitan New York Convention Sale (NERCA, 3/1977), lot 115; Lovejoy Collection (Stack's, 10/1990), lot 370; Baltimore Auction (Bowers & Merena, 3/2005), lot 444, realized $51,750; Los Angeles Signature (Heritage 7/2009), lot 1068 (as NGC MS62 1969967-007), realized $46,000; Houston Signature (Heritage, 12/2009), lot 394 (as NGC MS62 1969967-007), not sold; Boston ANA Signature (Heritage, 8/2010), lot 3084 (as NGC MS62 1969967-007), not sold; Sunday Internet Auction (Heritage, 2/2011), bought in; Pre-Long Beach Sale (Goldbergs, 6/2014), lot 340 (as PCGS MS62), realized $82,250.
    4. NGC MS61. FUN Signature (Heritage, 1/2006), lot 129 (as NGC MS61 303573-011), not sold; Palm Beach Signature (Heritage, 3/2006), lot 450 (as NGC MS61 303573-011), realized $46,000; Old West and Franklinton Collections (American Numismatic Rarities, 8/2006), lot 323 (as NGC MS61), realized $49,450; Tuesday Internet Coin Auction (Heritage, 10/2006), lot 13415 (as NGC MS61 303573-011), not sold; FUN Signature (Heritage, 1/2007), lot 872 (as NGC MS61 303573-011), realized $48,875.
    5. BU. Milton Holmes Collection (Stack's, 10/1960), lot 2782; Krugjohann II (Bowers and Ruddy, 11/1976), lot 57.

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    R
    (Registry values: N1)

    Coin Index Numbers: (NGC ID# 23A5, PCGS# 4654)

    Weight: 2.49 grams

    Metal: 90% Silver, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    Auction Info

    Auction Dates
    October, 2014
    27th Monday
    Bids + Registered Phone Bidders: 29
    Lot Tracking Activity: N/A
    Page Views: 3,177

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