NOT SOLD (BIDDING OVER)
0.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2004 Mar 26 @ 19:00UTC-08:00 : PST/AKDT
<table><tr><td><TABLE cellSpacing=0 cellPadding=0 width="100%" bgColor=#000000 border=0><TBODY> <TR><TD width="100%"><TABLE cellSpacing=1 cellPadding=3 width="100%" border=0><TBODY><TR><TD width="100%" bgColor=#79735c><FONT face=arial color=#ffffff size=3><B>Description</B> </FONT></TD></TR><TR><TD width="100%" bgColor=#ffffff><FONT face=arial size=2><B>1870-CC $1 Dollar Cancelled Reverse Die and 1870-CC Dollar VG 10 Damaged Uncertified.</B></I> This fascinating and historic cancelled die would be a wonderful complement for any advanced Carson City or Western Americana collection. It was one of the reverse dies used to strike the highly prized Liberty Seated Carson City dollars from 1870 until 1873. Carson City dies outside museums and public institutions are very rare. A die used to produce the historic CC Liberty Seated dollars is one of the most desirable dies in of all of Liberty Seated coinage and of all of Carson City coinage.<BR>In 1862, more than a year after the Civil War began, the United States House of Representatives considered establishing a branch mint in the Territory of Nevada. It was hoped that having such a mint near the Comstock Lode would decrease the cost of transporting bullion to San Francisco and it would keep the bullion from being transported overseas. On March 3, 1863, Congress gave its approval, but it was not until after the Civil War that any further attention was seriously given to establishment of a branch mint in Carson City. In 1865, the plot of land to build the mint was purchased. Because of multiple delays, the mint building was not completed until 1869. The dies used to strike coins arrived from Philadelphia dated 1869 but these were never used. On January 6, 1870, the mint officially opened its doors. The dies used to strike coins with the proper date arrived four days after the mint opened.<BR>On February 11, 1870, 2,303 Liberty Seated silver dollars were released into circulation, having been minted the day before. These dollars were the first coins to be issued with the CC mintmark. The next coins struck were ten dollar gold pieces. These were produced on February 14, 1870. On March 2, 1870, the first five dollar coins were made. Twenty dollar gold pieces followed in March 1870. Quarter dollars and half dollars were also struck in the first year of production at the mint. In the early days, the Carson City mint had only one coin press for the production of all of its coins. The mintage of a particular denomination was sporadic. A few hundred or a few thousand coins would be struck and the dies for this denomination might then be shelved for a number of months. Reverse dies, having no dates, might be shelved and reused years later. When a need for more coins of a certain denomination arose, production would resume, but not always with the same dies or combination of dies that had been used before.<BR>There are five known reverses of Carson City silver dollars dated 1870, implying that there were five different reverse dies used to strike CC silver dollars in 1870. However, Reverse A was only used in 1870 and it is unknown in any subsequent years. All of the CC silver dollars struck in 1871, 1872, and 1873 were produced from reverse dies that were first used in 1870. In fact, in each of these years only one reverse die was used to strike all of the silver dollars minted that year. The reverse dollar die in this lot, with the CC mintmark clearly punched, struck coins with the reverse that John Kroon called Reverse 1 and Dave Bowers called Reverse A. John Kroon estimated that coins with Reverse A are the rarest and make up about 5% of known 1870-CC dollars. The die itself has a cancellation in the form of a deep, rim-to-rim X, and has sustained numerous contact marks over the years.<BR>There are three known obverse die varieties of 1870-CC dollars. In Dave Bowers' book, <I>Silver Dollars and Trade Dollars of the United States, A Complete Encyclopedia,</B></I> only two obverse dies are mentioned (page 821). Bert Schlosser reported in <I>The Gobrecht Journal,</B></I> Volume Twenty One, Issue # 61, the discovery of a third obverse die variety that was paired with Reverse A. He called this Obverse 3-Date Far Right and High. The 1870-CC silver dollar in this lot, VG 10 Damaged, was struck from the accompanying die and shows Obverse 3 paired with Reverse A.<BR>Carson City dies have been used to strike medals or medallic plates for sale or for raffles. This is an interesting and unusual pairing for the advanced silver dollar collector or Carson City specialist. Accompanied by a specially designed display case, the pair will make quite a conversation piece. </FONT></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE><BR><A name=PricesRealized></A><TABLE cellSpacing=0 cellPadding=0 width="100%" bgColor=#000000 border=0><TBODY><TR><TD width="100%"><TABLE cellSpacing=1 cellPadding=3 width="100%" border=0><TBODY><TR><TD width="100%" bgColor=#79735c><A name=PR><FONT face=arial color=#ffffff size=3><B>Previous Prices from Heritage Auctions</B> </FONT></A></TD></TR><TR><TD bgColor=#f6f6ed>No Prior Data Recorded </TD></TR><TR><TD bgColor=#ffffff><FONT face=arial size=1 ?>PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. Example: A item that sells with a final hammer price of $100 and a 20% buyer's premium will display with a price realized of $120. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies. </FONT></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE><BR><TABLE cellSpacing=0 cellPadding=0 width="100%" bgColor=#000000 border=0><TBODY><TR><TD width="100%"><TABLE cellSpacing=1 cellPadding=3 width="100%" border=0><TBODY><TR><TD width="100%" bgColor=#79735c colSpan=6><FONT face=arial color=#ffffff size=3><B>Price Guide*</B> </FONT></TD></TR><TR bgColor=#f6f6ed><TD align=middle><B>Grade</B> </TD><TD align=middle><B>Coin World<BR>(Trends)</B> </TD><TD align=middle><B>Numismedia<BR>Retail</B> </TD><TD align=middle><B>Numismedia<BR>Wholesale</B> </TD><TD align=middle><B>Coin<BR>Universe</B> </TD><TD align=middle><B>Heritage<BR>Value Index</B> </TD></TR><TR bgColor=#ffffff><TD align=middle>58</TD><TD align=right>---</TD><TD align=right>---</TD><TD align=right>$4,350.00</TD><TD align=right>---</TD><TD align=right>$5,656.75</TD></TR><TR style="FONT-WEIGHT: bold" bgColor=#cccfdd><TD align=middle>60</TD><TD align=right>$12,000.00</TD><TD align=right>---</TD><TD align=right>$15,000.00</TD><TD align=right>$10,500.00</TD><TD align=right>$7,500.00</TD></TR><TR bgColor=#ffffff><TD align=middle>61</TD><TD align=right>---</TD><TD align=right>---</TD><TD align=right>---</TD><TD align=right>---</TD><TD align=right>$10,966.67</TD></TR><TR bgColor=#ffffff><TD colSpan=6><FONT size=1>*All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information. </FONT></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE><BR><TABLE cellSpacing=0 cellPadding=0 width="100%" bgColor=#000000 border=0><TBODY><TR><TD width="100%"><TABLE cellSpacing=1 cellPadding=3 width="100%" border=0><TBODY><TR><TD width="100%" bgColor=#79735c><FONT face=arial color=#ffffff size=3><B>Population Guide</B> </FONT></TD></TR><TR bgColor=#ffffff><TD align=middle><!-- Begin Output of Population Grid--><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD vAlign=center><TABLE cellSpacing=0 width="100%" border=1 cellsadding="3"><TBODY><TR><TD vAlign=center><TABLE cellSpacing=0 cellPadding=3 width="100%" border=1><TBODY><TR><TD vAlign=center align=middle bgColor=#f0f1e8 colSpan=2 <CENTER><FONT face=Arial size=2><B>PCGS Pop </B></FONT><CENTER></CENTER></TD><TD vAlign=center align=middle bgColor=#f0f1e8 colSpan=2><CENTER><FONT face=Arial size=2><B>NGC Pop</B></CENTER></FONT></TD></TR><TR><TD vAlign=center><FONT face=Arial size=2>(60)</FONT> </TD><TD vAlign=center align=right><FONT face=Arial size=2>0</FONT> </TD><TD vAlign=center><FONT face=Arial size=2>(60)</FONT> </TD><TD vAlign=center align=right><FONT face=Arial size=2>0</FONT> </TD></TR><TR><TD vAlign=center><FONT face=Arial size=2>(>60)</FONT> </TD><TD vAlign=center align=right><FONT face=Arial size=2>14</FONT> </TD><TD vAlign=center><FONT face=Arial size=2>(>60)</FONT> </TD><TD vAlign=center align=right><FONT face=Arial size=2>9</FONT> </TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE><!-- End Output of Population Grid--></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE><BR><TABLE cellSpacing=0 cellPadding=0 width="100%" bgColor=#000000 border=0><TBODY><TR> <font color='#000000'><span style='background-color: #FFFFFF'><td bgcolor='#FFFFFE'> Important notice: Heritage usually auctions material at the rate of 200-250 lots per hour. On some occasions eBay Live bid software or the Internet may not be able to keep up with the pace of the auction. We recommend placing a realistic absentee bid now as insurance to avoid disappointment. Occasionally the auctioneer may eliminate or reject an eBay Live bid, and the auctioneer may also reopen a lot after the close of the eBay live bidding (usually because we missed an audience bid), and may reject your bid even if it shows you as the winning bidder. By bidding via eBay Live, you agree that Heritage may award the lot to another bidder at its sole discretion under the circumstances described above or any other reasonable circumstances. Since eBay bids are not shown to us until we open the lot on the floor, we treat those bids just like floor bids. In most cases the floor responds before the eBay bid is presented to us, due to Internet lag time, so for consistency we have made it a policy that floor bids are always considered first over tie eBay live bids. Also please note that all Heritage lots purchased through eBay Live carry a 20% Buyer's Premium. Please make sure you read the Terms and Conditions before you bid. </span></font></tr></table></td></tr></table>
Auction Location:
United States
Previewing Details:
Wednesday, March 24 • 8 a.m.- 8 p.m., Thursday, March 25 • 8 a.m.- 7 p.m., Friday, March 26 • 8 a.m. - 7 p.m., Saturday, March 27 • 8 a.m. - Noon
No sales tax
Additional Fees:
Shipping Details:
Seller will ship internationally (worldwide).
Payment Details:
All sales are strictly for cash in United States dollars. Cash includes:
U.S. currency, travelers checks, bank money orders, all subject to reporting
requirements. Personal or corporate checks may be subject to clearing before
delivery of the purchases.
1. This auction is presented by Heritage Numismatic Auctions. Inc. or its subsidiary Currency Auctions of America or its affiliate, Heritage Comic Auctions, as identified with the applicable licensing information either on the title page of the catalog or on the Internet site (the "Auctioneer"). The auction is conducted under these Terms and Conditions of Auction and applicable state and local law.
Buyer's Premium:
2. On bids placed through Heritage, a Buyer's Premium equal to fifteen percent [15%] of the hammer price will be added to the successful bid. If the bid is placed through eBay Live a Buyer's Premium equal to twenty percent [20%] of the hammer price will be added to the successful bid. There is a minimum Buyer's Premium of $6.00 per lot.
Auction Venues:
3. Exclusively Internet, CurrencyAuction.com, Amazing Comics Auctions, and Bullet Auctions are auctions conducted on the Internet. Signature auctions accept bids on the Internet first, followed by a floor bidding session. Bids may be placed prior to the floor bidding session by Internet, telephone, TeleBid™, fax, or mail.
Bidders:
4. Any person participating in or who registers for the auction agrees to be bound by and accepts these Terms and Conditions of Auction ("Bidder(s)").
5. All Bidders must meet Auctioneer's qualifications to bid. Any Bidder who is not a customer in good standing of the Auctioneer may be disqualified at Auctioneer's sole option and will not be awarded lots. Such a determination may be made by Auctioneer in its sole and unlimited discretion, at any time prior to, during, or even after the close of the auction.
6. If an entity places a bid, then the person executing the bid on behalf of the entity agrees to personally guarantee payment for any successful bid.
7. Auctioneer reserves the right to exclude any person it deems in its sole opinion is disruptive to the auction or is otherwise commercially unsuitable.
Credit References:
8. Bidders who do not have established credit with the Auctioneer must either furnish satisfactory credit information including two collectibles-related references well in advance of the auction date or supply valid credit card information. All Bidders must meet Auctioneer's qualifications to bid. Any Bidder who is not a customer in good standing at Auctioneer may be disqualified and will not be awarded lots. Auctioneer reserves the right to disqualify any Bidder even after the close of the auction. Bids placed through our Interactive Internet program will only be accepted from pre-registered Bidders. Bidders who are not members of HeritageCoin.com or HeritageComics.com should pre-register at least two business days before the first session to allow adequate time to contact references.
Bidding Options:
9. Bids may be placed for a Signature Sale as set forth in the printed catalog section entitled "Choose your bidding method." For Exclusively Internet, CurrencyAuction. Com, Amazing Comics Auctions, and Bullet auctions see the alternatives shown on each website. Review at www.HeritageCoin.com/Auctions/howtobid.asp.
10. The Auctioneer cannot be responsible for your errors in bidding, so carefully check that your bid is entered correctly. When identical mail or FAX bids are submitted, preference is given to the first received; Internet bids are evaluated as received first. The decision of the Auctioneer and declaration of the winning Bidder is final. The Auctioneer is not responsible for executing mail bids or FAX bids received on or after the day the first lot is sold, nor Internet bids submitted after the published closing time; nor is the Auctioneer responsible for proper execution of bids submitted by telephone, mail, FAX, e-mail, Internet, or in person once the auction begins. To ensure the greatest accuracy, your written bids should be entered on the standard bid sheet form and be received at the Auctioneer's place of business at least two business days in advance of the auction date. Internet bids may not be withdrawn until your written request is received and acknowledged by Auctioneer (FAX: 214-443-8425); such requests must state the reason, and may constitute grounds for withdrawal of bidding privileges. Lots won by mail Bidders will not be delivered at the auction unless prearranged in advance.
Conducting the Auction:
11. Notice of the consignor's liberty to place reserve bids on his lots in the auction is hereby made in accordance with Article 2 of the Texas Uniform Commercial Code. A reserve is an amount below which the lot will not sell. THE CONSIGNOR OF PROPERTY MAY PLACE WRITTEN RESERVE BIDS ON HIS LOTS IN ADVANCE OF THE AUCTION. ON LOTS SUBJECT TO A RESERVE, IF THE LOT DOES NOT MEET THE RESERVE THE CONSIGNOR MAY PAY A REDUCED COMMISSION ON THOSE LOTS. Reserves are generally posted online about 72 hours prior to the auction closing. IF THERE IS AN UNMET RESERVE BID POSTED ON A LOT, THE CURRENT BID DISPLAYED ONLINE WILL GENERALLY BE ONE INCREMENT BELOW THE RESERVE BID. The Auctioneer will not knowingly accept (and reserves the right to reject) live telephone or floor bids from consignors. Any successful bid placed by a consignor on his consigned lot on the auction floor or by telephone during the live session will be considered an unqualified bid, and in such instances the consignor agrees to pay full Buyer's Premium and Seller's Commissions on the lot(s).
12. The highest qualified Bidder shall be the buyer. In the event of any dispute between floor Bidders at a Signature Sale, the Auctioneer may at his sole discretion put the lot up for auction again. The Auctioneer's decision shall be final and binding upon all Bidders.
13. The Auctioneer reserves the right to refuse to honor any bid or to limit the amount of any bid which, in his sole discretion, is not submitted in "Good Faith," or is not supported by satisfactory credit, numismatic references, or otherwise. A bid is considered not made in "Good Faith" when an insolvent or irresponsible person, or a person under the age of eighteen makes it. Regardless of the disclosure of his identity, any bid by a consignor or his agent on a lot consigned by him is deemed to be made in "Good Faith".
14. All items are to be purchased per lot as numerically indicated and no lots will be broken. The Auctioneer reserves the right to withdraw, prior to the close, any lot or lots from the auction. Bids will be accepted in whole dollar amounts only.
15. No "buy" or "unlimited" bids will be accepted. Bidders will be awarded lots at approximately the increment of the next highest bid. No additional commission is charged for executing bids other than the Buyer's Premium applied to all successful bids. Off-increment bids may be accepted by the Auctioneer at Signature auctions.
16. Estimates will be given upon written request. It is recommended that Bidders approach or exceed the estimates in order to increase the chances of bidding successfully.
17. Auctioneer reserves the right to rescind the sale in the event of nonpayment, breach of a warranty, disputed ownership, auctioneer's clerical error or omission in exercising bids and reserves, or otherwise.
18. Outage Policy: Auctioneer occasionally experiences Internet and/or Server outages during which Bidders cannot participate or place bids. If such outage occurs, we may at our discretion extend bidding for the auction up to 24 hours. At our discretion, Auctioneer may consider two outages that occur very closely to one another to be one outage when extending such auction. This policy applies only to widespread outages and not to isolated problems that occur in various parts of the country from time to time.
19. Scheduled Downtime: Auctioneer periodically schedules system downtime for maintenance and other purposes; this scheduled downtime is not covered by the Outage Policy.
20. The Auctioneer or affiliates may consign items to be sold in this auction, and may place reserve bids on those items or any other in the auction. The Auctioneer or affiliates expressly reserve the right to modify any such reserve bids on these items or any others at any time prior to the live auction or the online closing based upon data made known to the Auctioneer or its affiliate.
21. The Auctioneer may extend advances, guarantees, or loans to certain consignors, and may extend financing or other credits at varying rates to certain Bidders in the auction.
Payment:
22. All sales are strictly for cash in United States dollars. Cash includes: U.S. currency, bank wire, cashier checks, travelers checks, and bank money orders, all subject to reporting requirements. Credit Card (Visa or Master Card only) payments may be accepted up to $10,000 from non-dealers at the sole discretion of the auctioneer, subject to the following limitations: a) sales are only to the cardholder, b) purchases are shipped to the cardholder's registered and verified address, c) Auctioneer may preapprove the cardholder's credit line, d) a credit card transaction may not be used in conjunction with any other financing or extended terms offered by the Auctioneer, and must transact immediately upon invoice presentation, e) rights of return are governed by these Terms and Conditions, which supersede those conditions promulgated by the card issuer, f) floor Bidders must present their card. Personal or corporate checks may be subject to clearing before delivery of the purchases.
23. Payment is due upon closing of the auction session, or upon presentment of an invoice. The Auctioneer reserves the right to void a sale if payment in full of the invoice is not received within 7 days after the close of the auction.
24. Lots delivered in the States of Texas, California, or other states where the auction may be held, are subject to all applicable state and local taxes, unless appropriate permits are on file with us. Lots from different auctions may not be aggregated for sales tax purposes.
26. In the event that a Bidder's payment is dishonored upon presentment(s), Bidder shall pay the maximum statutory processing fee set by applicable state law.
27. If the auction invoice(s) submitted by the Auctioneer is not paid in full when due, the unpaid balance will bear interest at the highest rate permitted by law from the date of invoice until paid. If the Auctioneer refers the invoice(s) to an attorney for collection, the buyer agrees to pay attorney's fees, court costs, and other collection costs incurred by the Auctioneer. If Auctioneer assigns collection to its in-house legal staff, such attorney's time expended on the matter shall be compensated at a rate comparable to the hourly rate of independent attorneys.
28. In the event a successful Bidder fails to pay all amounts due, the Auctioneer reserves the right to resell the merchandise, and such Bidder agrees to pay for the reasonable costs of resale, including a 10% seller's commission, and also to pay any difference between the resale price and the price of the previously successful bid.
29. The Auctioneer reserves the right to require payment in full in good funds before delivery of the merchandise to the buyer.
30. The Auctioneer shall have a lien against the merchandise purchased by the buyer to secure payment of the auction invoice. Auctioneer is further granted a lien and the right to retain possession of any other property of the buyer then held by the Auctioneer or its affiliates to secure payment of any auction invoice or any other amounts due the Auctioneer from the buyer. With respect to these lien rights, the Auctioneer shall have all the rights of a secured creditor under Article 9 of the Texas Uniform Commercial Code. In addition, with respect to payment of the auction invoice(s), the buyer waives any and all rights of offset he might otherwise have against the Auctioneer and the consignor of the merchandise included on the invoice.
31. If a Bidder owes Auctioneer or its affiliates on any account, the Auctioneer and its affiliates shall have the right to offset such unpaid account by any credit balance due Bidder, and it may secure by possessory lien any unpaid amount by any of the Bidder's property in their possession.
32. Title shall not pass to the successful Bidder until all invoices are paid in full. It is the responsibility of the buyer to provide adequate insurance coverage for the items once they have been delivered.
Return Policy:
33. Signature Sales: The auction is not on approval. No certified material may be returned because of possible differences of opinion with respect to the grade offered by any third-party organization, dealer, or service. There are absolutely no exceptions to this policy. Under extremely limited circumstances, (e.g. gross cataloging error) a purchaser, who did not bid from the floor, may request Auctioneer to void a sale. Such request for evaluation must be made in writing detailing the alleged gross error, and submission of the lot to the Auctioneer must be preapproved by the Auctioneer. A Bidder must notify Jack Hinton, (ext. 312) in writing of the Bidder's request and such notice must be mailed within three (3) days of the mail Bidder's receipt of the lot. Any lot that is to be evaluated must be received in our offices within 30 days from the date of auction. Grading or method of manufacture do not qualify for this evaluation process nor do such complaints constitute a basis to challenge the authenticity of a lot. AFTER THAT 30-DAY PERIOD, NO LOTS MAY BE RETURNED FOR REASONS OTHER THAN AUTHENTICITY. Lots returned must be housed intact in the original holder. No lots purchased by floor Bidders may be returned (including those Bidders acting as agents for others). Late remittance for purchases may be considered just cause to revoke all return privileges.
34. Exclusively Internet, CurrencyAuction.com, Amazing Comics Auctions™ and Bullet auctions: THREE (3) DAY RETURN POLICY. All lots (Exception: Third party graded notes are not returnable for any reason whatsoever) paid for within seven days of the auction closing are sold with a three (3) day return privilege. You may return lots under the following conditions: Within three days of receipt of the lot, you must first notify Auctioneer by contacting Customer Service by phone (1-800-872-6467) or e-mail (bids@HeritageCoin.com), and immediately mail the lot(s) fully insured to the attention of Returns, care of Heritage Plaza, 3500 Maple Avenue, 17th Floor, Dallas Texas, 75219-3941. Lots must be housed intact in their original holder and condition. You are responsible for the insured, safe delivery of any lots. A non-negotiable return fee of 5% of the purchase price ($10 per lot minimum) will be deducted from the refund for each returned lot or billed directly. Postage and handling fees are not refunded. After the three-day period (from receipt), no items may be returned for any reason. Late remittance for purchases revokes all Return-Restock privileges.
35. All Bidders who have inspected the lots prior to the auction will not be granted any return privileges, except for reasons of authenticity.
Delivery:
36. Postage, handling and insurance charges will be added to invoices. Please either refer to Auctioneer's web site, www.HeritageGalleries.com, www.HeritageCoin.com, www.HeritageComics.com, or www.HeritageSportsCollectibles.com for the latest charges or call Auctioneer.
Complete Shipping and Handling Charges
37. Auctioneer is unable to combine purchases from other auctions or Heritage Rare Coin Galleries into one package for shipping purposes. Successful overseas Bidders shall provide written shipping instructions, including specified customs declarations, to the Auctioneer for any lots to be delivered outside of the United States.
38. All shipping charges will be borne by the successful Bidder. Any risk of loss during shipment will be borne by the buyer following Auctioneer's delivery to the designated common carrier.
39. Regardless of domestic or foreign shipment, risk of loss shall be borne by the buyer following Auctioneer's delivery to a shipper.