LOT #5008 |
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1875-CC 20C MS66+ PCGS. CAC. BF-2, R.1....
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Sold on Apr 23, 2015 for:
$51,700.00
Bid Source: Internet bidder
Description
1875-CC Twenty Cent Piece, MS66+
The Sole Finest at PCGS
1875-CC 20C MS66+ PCGS. CAC. BF-2, R.1. The idea of the
twenty cent denomination was not new in 1875, having been earlier
proposed by Thomas Jefferson in 1783, but rejected in favor of the
quarter which was closer to the intrinsic value of the Spanish two
reales piece (or "two bits"). However, in 1875, authorization for
the denomination was finally passed by Congress under several
considerations, one being the pretense that the denomination would
aid Western commerce in making small change after the recent
discontinuance of the silver half dime. In practice, the twenty
cent denomination's usefulness was fairly plain, but its demise
ultimately came as a result of public dislike of its close
similarity in size and design to the higher-value quarter, with
which it was frequently confused to the disadvantage of both
merchants and consumers alike.In the brief two years in which the twenty cent denomination was coined for circulation, the three operating mints managed to produce individual issues with a full range of rarity, including a readily available common date (1875-S), a major rarity (1876-CC), and several condition rarities (1875, 1875-CC, and 1876). With the 1876-CC being almost unobtainable, the task of assembling a complete date and mintmark set of this short series is out of reach for most collectors, who in turn find satisfaction in obtaining just one example of each date (including the proof issues of 1877 and 1878), or in acquiring a single, high-grade type representative. For either scenario, the 1875-S is the obvious choice, but as Lane Brunner and John Frost write in Double Dimes, "Many type collectors who ... don't want to settle for the more-common 1875-S, will find an 1875-CC an appealing alternative ..."
This representative stands as the single finest 1875-CC example at PCGS, being the only one of eight MS66 coins awarded a Plus designation (3/15). The frosty surfaces yield exceptional preservation with peripheral amber-gold and aquamarine hues framing soft champagne toning over the central regions. The coin might have received a full MS67 grade, were it not for moderate striking weakness on the upper-left portion of the eagle and the corresponding part of the obverse shield and rock, an often seen characteristic on this issue. Nonetheless, the eye appeal is undeniable and the technical quality is unequalled at PCGS. Rarely does a collector have an opportunity to acquire a Carson City twenty cent piece of this caliber, regardless of price.(Registry values: N7079)
Coin Index Numbers: (NGC ID# 23R6, PCGS# 5297, Greysheet# 5039)
Weight: 5.00 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
2015 April 22 - 26 CSNS US Coins Signature Auction - Chicago #1219 (go to Auction Home page)
Auction Dates
April, 2015
22nd-26th
Wednesday-Sunday
Bids + Registered Phone Bidders: 13
Lot Tracking Activity: N/A
Page Views: 1,660
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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