A Record-Setting 1872-CC Eagle

A Record-Setting 1872-CC Eagle

Lost amidst all the hoopla at the recent 2020 FUN show and auctions was the sale of one of the most remarkable US gold coins I have seen in a while. This coin was a totally fresh-to-the-market 1872-CC Liberty Head eagle graded MS62 by NGC and offered as Lot 4470 in the Heritage 2020 Winter FUN sale.

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1891-CC $10.00 PCGS MS63 CAC

Recently found in Europe and graded by PCGS at their Paris facility. It is not often that I purchase this date due to the fact that it is so common by the standards of Carson City eagles. But this is such a choice, high end and fresh 1891-CC eagle that I felt I had to add it to my current inventory. It is from the same little group of CC eagles that featured the 1883-CC and 1893-CC listed above and below and it merits special consideration for its dazzling frosty luster, rich natural golden-orange color and overall eye appeal. This piece is as well made as any Philadelphia or San Francisco eagle of this era with all details up and bold. The surfaces show just a few light, well-dispersed ticks and were it not for a small cluster of abrasions in the left obverse, it would receive strong consideration at the 64 level. The 1891-CC eagle is common in MS60 to MS62 but it is scarce in MS63 and rare above this. Given the fact that it is a "generic" issue in the CC eagle series, most advanced collectors are happy to have an example in MS63 in their set, especially as properly graded MS64's seem expensive at $15,000+ for a properly graded example.

1893-CC $10.00 PCGS AU55 CAC

Recently found in Europe and graded by PCGS at their Paris facility. The 1893-CC is numismatically significant as the final eagle produced at the Carson City mint. Only 14,000 were struck and it is way, way scarcer than any other of the CC eagles made during the 1890's. In fact, the 1893-CC is very rare in Uncirculated and properly graded AU55 to AU58 examples are rare. This choice piece has virtually no wear but it is slightly abraded in the fields from being transported loose in a bag. The color is very pleasing with deep green-gold highlighted by strong peripheral flashes of fiery reddish-gold; the obverse is a bit less deeply toned than the reverse. The surfaces are semi-prooflike and show no signs of having ever been brightened or "improved." Some marks in the left obverse field are all that keep this choice piece from an AU58 grade. A very nice coin and a really hard issue to find as original as this.

1883-CC $10.00 PCGS AU53

Recently found in Europe and graded by PCGS at their Paris facility. This totally original piece has attractive medium to deep orange-gold color with some deeper hues on the high spots. There is a good deal of underlying luster and the body of this coin is such that a grade of AU55 wouldn't be out of the question. There are a few scuffs in the fields on both sides with the most noticeable seen in the left obverse and the right reverse. The 1883-CC is the scarcest CC eagle produced after 1879. There were 12,000 struck and most survivors are well worn with VF-EF being typical for the date. The 1883-CC is often poorly produced with flatness at the centers and is almost never found with natural color. This example is notable for a great strike and the aforementioned natural color. In the last decade, only one PCGS AU53 has appeared at auction: Heritage 10/09: 1538 which sold for $2,760. A great value at less than $3,000!

1881-CC $10.00 PCGS AU58 CAC

A tremendously appealing "slider" example with fully original deep orange-gold and reddish color that is contrasted by some deeper hues on the relief details. This coin probably never saw circulation but it has light friction on the high spots from being transported overseas in a bag. That said, it is still more attractive than most CC eagles that I see in MS60 and MS61 holders. The 1881-CC is the most available Carson City eagle from the 1880's but it is still many times more scarce than the 1890-CC, 1891-CC and 1892-CC both in terms of overall and high grade rarity. Most of the nicer 1881-CC eagles that rare available have been found in overseas sources in the last decade or so. This date remains scarce in Uncirculated and very rare in properly graded MS62 and higher. The last PCGS AU58 to sell at auction was Heritage 1/11: 7092 which brought $3,738; the present example is far more original and far more appealing in my opinion.

1890-CC $20.00 PCGS AU58

This lustrous slider is free of noticeable wear but does show just a bit too much friction in the obverse fields to qualify as a Mint State coin. That said, with its nice light rose and orange-gold hues, it has tremendous eye appeal. The most prominent mark is a small scrape between stars eleven and twelve on the obverse. The 1890-CC is the most available CC double eagle from this decade and its affordability in comparably high grades makes it of interest to the type collector.

Ex New England Rare Coin Auctions 3/1982: 2301

1876-CC $20.00 PCGS VF25 CAC

Rainy Day Collection pedigree. Evenly worn, problem-free and original. This is one of the more affordable CC double eagles that you are likely to see in the market. With gold approaching $2,000 per ounce, the number of slabbed CC double eagles priced at under $2,500 is dwindling to just a few.