Lot 2541
1877-CC $20 Liberty. PCGS graded MS-61. Frosty and lightly toned. A rare "CC" double eagle seldom seen in Uncirculated condition. PCGS holder 10808134. Gleaming satiny surfaces with light abrasions typical for the grade. The reverse, if graded apart, is finer than the obverse and might merit the number MS-62. A very charismatic coin overall, with good eye appeal. The mintage dropped to just 42,565 this year, resulting 1877-CC twenties being scarce today. If an estimate had to be made, perhaps 800 to 1,200 exist in (mostly worn) grades as Very Fine to Extremely Fine, with a few recent imports since the 1980s that grade in the Extremely Fine to About Uncirculated level. These were sent overseas from San Francisco (nearest major port) in the 19th century as part of gold coins to pay for imports. Possibly as few as 25 to 40 Mint State 1877-CC $20 gold pieces are known. Pop 14; 5 in 62; none finer. (PCGS # 8983) .
The Type 3 was introduced this year, with some differences on the obverse and reverse, the former including a more central positioning of Liberty (which freed space for the date digits). Also, the denomination is spelled out as TWENTY DOLLARS. On the reverse the CC mint mark is large and below the eagle's tail.
Estimated Value $14,000 - 16,000.
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| Realized $20,125 |
