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Sale 84
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Lot 2097
1870-CC. NGC graded AU Details, Improperly Cleaned. The first coins to bear the distinguishing "CC" mintmark of the Carson City, Nevada Mint were struck in 1870. Featured were quarters, half dollars, silver dollars, half eagles, eagles, and double eagles (the first dimes would be forthcoming in 1871). All 1870-CC issues are rare, key-date coins in their respective series, but the '70-CC double eagle stands out as a particularly central issue even in this highly select group. Rivaling only the 1870-CC eagle for this honor, the 1870-CC $20 is widely regarded as the rarest gold coin struck in the Carson City Mint. It is an important offering at all grade levels and one that is always greeted with considerable fanfare of approval when offered either through auction or for private treaty purchase.
Treasury Department records indicate that only 3,789 double eagles were struck in Carson City during 1870, and most of those coins have since been lost. Writing in 2001 (Gold Coins of the Carson City Mint), Douglas Winter and James L. Halperin account for just 35-45 survivors in all grades. The authors further state that there are no Mint State examples known to exist.
As the leading highlight, the present 1870-CC twenty dollar is also among the most prestigious coins an collector could own. And as a long-hidden example of this very rare issue, it is a piece that is sure to have no difficulty finding its way into another world-class portfolio of gold rarities. This specimen is well struck with plenty of detail save for the diagnostically soft stars surrounding the obverse. A normal allotment of marks and abrasions have collected on each side, these being typical of most Carson City gold issues, although for purposes of future provenance research we point to a diagonal mark on Liberty's cheek ending at her ear. The yellow-gold surfaces have probably been cleaned at one time (as indicated by NGC), however, this is not an overly detracting factor. Close examination still reveals traces of mint luster in selected protected areas of the design. This high grade example represents the classic Carson City double eagle gold rarity (PCGS # 8958) .
Estimated Value $100,000-UP.
Ex: Purchased from Abner Kreisberg in the early 1970's The Del Valle Collection.
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| Realized $102,813 |
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