LOT #98620 |
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1877-CC T$1 MS64 PCGS. CAC. Breen-5816....
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Sold on Oct 27, 2014 for:
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Description
1877-CC Trade Dollar, MS64
Delicately Toned
1877-CC T$1 MS64 PCGS. CAC. Breen-5816. Splashes of blue,
orange, and magenta occur over surfaces that are otherwise
silver-gold. Planchet roughness and die erosion tend to be the rule
for this issue; fortunately, this near-Gem is free of such
characteristics. Well-struck with minor shallowness over the
typical areas, this coin retains vibrant luster and spectacular
visual appeal.Variety: Type Two Obverse and Reverse. Breen-5816, Tall CC, 1 and 8 free.
Population Data (7/14): A total of 11 coins in MS64 appear in PCGS holders, while seven are in NGC slabs. Both services have combined to certify only three pieces finer (two at PCGS, one at NGC).
Heritage Commentary: By 1877, the Trade dollar had gone from lauded to loathed. With bullion prices in freefall, depositors could exchange 90 cents' worth of silver for a coin inscribed ONE DOLLAR and pocket the difference, despite the government's move to revoke the denomination's legal tender status in July 1876. Western merchants were vocal in expressing their objections to the circulation of Trade dollars and before long, in 1879, the production of business strikes would cease altogether. From a mintage of 534,000 coins, this piece is one of the few high-end representatives remaining. Specialists should bid accordingly.
Provenance: Purchased from Legend Numismatics (4/2007).(Registry values: N4719)
Coin Index Numbers: (NGC ID# 253D, PCGS# 7045, Greysheet# 7381)
Metal: 90% Silver, 10% Copper
Weight: 27.22 grams
ASW: 0.86oz
Mintage: 534,000
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 October 27 The Eugene H. Gardner Collection II US Coins Signature Auction - New York #1214 (go to Auction Home page)
Auction Dates
October, 2014
27th
Monday
Bids + Registered Phone Bidders: 12
Lot Tracking Activity: N/A
Page Views: 768
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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