LOT #3572 |
Sold on Aug 24, 2022 for: Sign-in
or Join (free & quick)
1873-CC T$1 MS64 PCGS. CAC....
Click the image to load the highest resolution version.
Sold on Aug 24, 2022 for:
$78,000.00
Bid Source: Internet bidder
Description
1873-CC Trade Dollar, MS64
Goe: 'Second Finest Known'
First-Year Condition Rarity
1873-CC T$1 MS64 PCGS. CAC. Ex: Bender Collection. The Trade
dollar denomination was introduced in 1873 as a means for the
United States to both support the price of silver and to better
compete with Mexico in the China trade, where Mexican dollars were
preferred. Production of the Trade dollar at Carson City began in
late July 1873. The facility had already struck a small quantity of
Seated Liberty dollars early in the year, totaling 2,300 coins.
Trade dollar output would blow that figure away in short order. The
delivery total for July alone was 16,500 pieces and by the end of
the year 124,500 Trade dollars had been struck at the Nevada branch
mint.Writing in The Confident Carson City Coin Collector, Rusty Goe estimates a surviving population of 500 to 750 coins for the 1873-CC Trade dollar. That includes 35 to 50 Mint State representatives dominated by a single Gem (ex: Vermeule-Morelan-Black Cat), which stands alone atop the Condition Census. Perhaps seven to nine distinct near-Gems survive despite what the inflated certification totals at PCGS and NGC would otherwise suggest.
Goe specifically mentions the Bender coin in his Carson City reference, noting that it "lays claim to the second finest known example of this date-denomination" and describing it as "basically all-white in appearance but [with] a silvery-beige haze veiling its surfaces." Pedigree markers include "seven or eight dark spots visible on the lower right obverse around stars 11, 12, and 13, and the bottom of the sheaf of wheat." Indeed, the surfaces are satiny with a faint golden tint and no mentionable abrasions. The typical strike weakness occurs along the upper obverse border, and only the eagle's right (facing) talons and left wing crest. We last handled this spectacular 1873-CC Trade dollar in January 2018 when it was housed in an MS64 NGC holder with CAC approval, and we delighted to offer it here again as the second finest example on the Condition Census. Population: 8 in 64, 1 finer. CAC: 2 in 64, 1 finer (7/22).
Ex: Long Beach Signature (Heritage, 9/2005), lot 3775; FUN Signature (Heritage, 1/2018), lot 4911.
From The Bender Family Collection, Part I. (Registry values: N7079)
Coin Index Numbers: (NGC ID# 252X, PCGS# 7032, Greysheet# 7359)
Weight: 27.22 grams
Metal: 90% Silver, 10% Copper
View all of [The Bender Family Collection, Part I ]
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
2022 August 22 - 28 US Coins Signature® Auction #1348 (go to Auction Home page)
Auction Dates
August, 2022
22nd-28th
Monday-Sunday
Bids + Registered Phone Bidders: 27
Lot Tracking Activity: N/A
Page Views: 587
Buyer's Premium per Lot:
20% of the successful bid per lot.
Shipping, Taxes, Terms and Bidding
Terms and Conditions | Bidding Guidelines and Bid Increments | Glossary of Terms | US & World Coin Grading Tutorial
Important information concerning Sales Tax and Resale Certificates. Learn More
Terms and Conditions | Bidding Guidelines and Bid Increments | Glossary of Terms | US & World Coin Grading Tutorial