LOT #30121 |
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1873-CC $1 AU55 PCGS....
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Sold on Mar 20, 2014 for:
$64,625.00
Bid Source: HA.com/Live bidder
Description
1873-CC Seated Dollar, AU55
Conditionally Rare
1873-CC $1 AU55 PCGS. The Mint Act of February 12, 1873,
widely condemned as the "Crime of '73," made many changes to U.S.
minor coinage, abolished the Liberty Seated dollar type, and put
America on a de facto gold standard. Before the Seated dollar
passed into history, however, the Philadelphia Mint struck 293,600
pieces, the coinage facility in Carson City minted 2,300 coins, and
the San Francisco Mint allegedly produced 700 examples. None of the
San Francisco coins are known to survive, and were presumably
melted after the Act. The Carson City Seated dollars were not
rendered fully extinct, either by melting, exportation, or other
means, but they were heavily circulated. Bowers asserted that
approximately 750 to 1,000 examples were placed into circulation in
his 1993 silver dollar Encyclopedia. Bowers believes that,
of the original 2,300 coins, "it is likely that either some were
melted or most were exported to China."The 1873-CC is the rarest of the four Seated dollar issues produced in Carson City in 1870, 1871, 1872, and 1873. Only the 1871-CC had an even lower mintage figure than the '73-CC, at 1,376 pieces, but the latter issue has a much lower survival rate than its 1871 counterpart.
All 1873-CC silver dollars were struck using the so-called Reverse D, a die originally utilized in the production of some of the 1870-CC Seated dollars. This die exhibits a widely spaced CC mintmark that is close to both feather tip and stem, at the lowest central portion of the eagle's design.
Typically sharply struck, as were many Carson City Seated dollars, this example displays minor weakness on the highest points of Liberty's head and on some of the obverse star centrils. The obverse displays natural silver-gray toning, with a few areas of deeper grayish-tan and specks of olive-russet patina. The reverse exhibits a primary coating of brilliant-gray that yields to gold-tan color over the high points. A reasonable number of trivial marks and wispy hairlines are noted, for the grade, while a couple of individually noteworthy abrasions reside in the obverse field, just to the right of Liberty between the elbow and knee.
Encapsulated in an early-generation PCGS holder with a light green label, this conditionally rare coin will attract serious interest from specialists, and should generate spirited bidding activity when it crosses the auction block. Population: 7 in 55, 5 finer (2/14).
From the Collection of Donald E. Bently, sold for the benefit of the Bently Foundation.(Registry values: N7079)
Coin Index Numbers: (NGC ID# 24ZN, PCGS# 6972, Greysheet# 7233)
Weight: 26.73 grams
Metal: 90% Silver, 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: 15
Lot Tracking Activity: N/A
Page Views: 1,732
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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