Lot 1708
1877-CC. NGC graded AU-55. Well struck, untoned and shimmering with luster, the very picture of a well cared-for Liberty double eagle. This example, illustrative of the high-end quality seen in its grade class but virtually never found on an 1877 CC-mint twenty, has reflective light gold surfaces and somewhat frosted appearance on the portrait. Only 42,565 struck. Pop 116 (PCGS # 8983) .
Historic note: Starting in the 1970s, many 1877-CC double eagles have found their way back to United States shores from old European bank vault holdings. At first glance, the recovery of long lost specimens of this scarce date sounds like great news for collectors. In truth, it is often bitter-sweet as far too many of the repatriated 1877-CC twenties are banged up examples or, at the very least, too heavily abraded to be deemed choice quality. Large gold pieces that are transported in canvas bags over thousands of miles could only be negatively impacted in terms of surface integrity.
Estimated Value $5,500 - 6,000.
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| Realized $6,900 |
