1871-CC $1 MS (PCGS# 6967)

2008 May Long Beach, CA Signature Auction #1108

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    937
  • Grade:
    AU58
  • Price:
    $40,250.00
Lot Description
1871-CC $1 AU58 NGC. Though the Carson City Mint's silver coins range from the rare to the commonplace, the silver dollars of 1871 are firmly in the former category. The entire mintage of 1,376 pieces (a figure more suited to 18th century American gold than 19th century silver) was struck in August of that year. During the earliest years of operation at Carson City, the price of silver made coinage of that metal unprofitable for depositors, and the minimal production of silver dollars in this and other years was a natural result. Rusty Goe, in The Mint on Carson Street, notes that even though the 1873-CC is more costly and elusive today, " ... the low mintage of the 1871-CC merits notoriety within the ranks of elite numismatic classics," and the small number of survivors further fuels interest. Aside from a handful of Mint State examples that have been acknowledged for decades, a pleasing near-Mint survivor is the best that numismatists can hope to acquire, and the overall eye appeal of this coin makes it one of the most attractive representatives of that category. Despite a touch of friction at the uppermost design elements, the coin offers delightful detail, particularly on the small details of the eagle's feathers. Ample, mildly reflective luster shines beneath delicate toning, peach and turquoise on the obverse with deeper midnight-blue and violet shadings across most of the reverse. The surfaces show few overt abrasions, and the wispy marks that appear in the fields do not distract. Rusty Goe concludes his section on the 1871-CC dollar by describing the issue as " ... one of the most fascinating dates in the entire Carson City set of coins--well worth acquiring." For a high-end example such as the present coin, those words are especially true. Census: 5 in 58, 4 finer (4/08).
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