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1870-CC 25C AU55 PCGS. CAC. Briggs 1-A....
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Description
1870-CC Quarter, Capstone Series Rarity, AU55
Ex: Richmond, Battle Born Collections
1870-CC 25C AU55 PCGS. CAC. Briggs 1-A. Ex: Battle Born
Collection. Beautiful lilac, rose, and pale blue patina invigorates
each side of this incredibly rare Choice AU 1870-CC quarter, which
in addition shows a bold strike (save for the star radials on the
obverse) and meticulous preservation, so that there are no
singularly mentionable abrasions. Minor signs of high-point wear
account for the grade. Sunset-orange hues cluster more prominently
around the edges of the seated Liberty figure, making it appear as
though the sun is setting behind her in the distance.Variety: Briggs 1-A. Only a single die pair is known for the mintage of 8,340 quarters of this issue, made in three separate deliveries from April to August 1870.
Population Data (4/15): PCGS shows no Mint State examples of the 1870-CC at all, and the present AU55 PCGS piece is the sole PCGS example in that grade (second-finest is one AU53 PCGS). NGC records one AU55 and one MS64 finer, the latter the Eliasberg coin discussed below. There is also one AU53 at NGC, which would be third-finest there.
Heritage Commentary: Ever seeking the finest pieces obtainable for his marvelous Seated Liberty coin collection, Gene Gardner previously owned an XF40 PCGS example of the 1870-CC quarter but upgraded to this AU55 PCGS-CAC specimen when it came up for sale in the Stack's Bowers Battle Born Collection in August 2012 (lot 11091).
Consignor Commentary: The key to the set, and in my mind the key to all Liberty Seated coinage. Probably the second finest known 1870-CC quarter, but there appears to be a bit of confusion as to whether another coin exists that might be tied with this one. There is no doubt at all about the finest known -- the Eliasberg coin graded MS64 by NGC.
This coin is from the Richmond Collection where, at the time that collection was auctioned in 2005, it was graded AU55 by NGC, but has since been crossed to PCGS. The confusion arises from a 2001 article by Len Augsburger in the Gobrecht Journal issue #81, where he published a Condition Census for the 1870-CC quarter. Next to the Eliasberg coin, he put a coin recently graded AU55 by PCGS alone in the second position. In a conversation I had with John Feigenbaum of David Lawrence Rare Coins, he indicated that the coin in the Richmond sale was originally in a PCGS AU55 holder and was crossed to an NGC holder at the time of that sale. So pop 1 would seem to be correct. However, David Bowers in the Battle Born catalog claims to have seen two and to have sold them both. Is there yet another AU55 out there, perhaps unslabbed? Currently the coin remains pop 1 in the PCGS Population Report. This coin, while not spectacular, is solid for the grade. The obverse is dark and shows light wear but is smooth and devoid of marks. A similar comment would suffice to describe the reverse.
Provenance: Richmond Collection (David Lawrence, 3/2005), lot 1471, as AU55 NGC; Battle Born Collection (Stack's Bowers, 8/2012), lot 11091, as AU55 PCGS-CAC.(Registry values: P9)
Coin Index Numbers: (NGC ID# 23UL, PCGS# 5477)
Weight: 6.22 grams
Metal: 90% Silver, 10% Copper
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