4680

1870-CC $5 Liberty NGC AU55

Currency:USD Category:Coins & Paper Money / US Coins Start Price:15,000.00 USD Estimated At:30,000.00 - 35,000.00 USD
1870-CC $5 Liberty NGC AU55
<Our item number 132505><B>1870-CC &#36;5 Liberty. NGC graded AU-55.</B> NGC holder 397368-001. Only 7,675 struck. A popular key date &#34;CC&#34; mint gold coin. Softly struck on the eagle&#39;s breast, and a small mark on Liberty&#39;s neck. Nice even toning, one can say nothing negative about it since it retains the charming &#34;old gold&#34; look which helps sway bidders to consider posting a bid.<BR><BR>This is the key to a set of Carson City Mint half eagles, and a date highly esteemed by gold connoisseurs for more than a century now. The 1870-CC &#36;5 is rarely offered for sale in any grade. Above Extremely Fine it is a major find, and practically nonexistent in Uncirculated condition. Oddly, the few Mint State pieces known to exist lack eye appeal. The 1870-CC often possesses a weak strike at the eagle&#39;s neck down to the shield, and most examples are heavily abraded with marks and nicks. Finding a relatively problem-free specimen like the coin offered here, with better than average strike, is worth a considerable premium.<BR><BR>Carson City&#39;s gold coin production got off to a rather inauspicious start in 1870 when minting created only 17,372 half eagles, eagles, and double eagles combined, with a total face value of just &#36;173,235. In comparison, the San Francisco Mint produced over one million gold coins that year with an aggregate face value of nearly &#36;20 million! Bullion deposits were limited to what local miners brought in as Carson City&#39;s only duty was to the residents and mining operations in the region. San Francisco&#39;s mint had already been open 16 years at the time this half eagle was made &#40;For a lengthy, well researched account of the Carson Mint, we recommend to readers they acquire a copy of Rusty Goe&#39;s <I>The Mint on Carson Street</I> published by Southgate Coins and Collectibles.&#41; The all-important census is as follows: <B> Pop 4; 11 finer, 10 in 58, 1 in 62</B> <B>&#40;PCGS # 8320&#41;</B>. <BR>Estimated Value &#36;30,000 - 35,000. <BR><BR>Our item number 132505<BR><IMAGES><P ALIGN="CENTER"><IMG SRC="http://www.goldbergcoins.net/liveauction/47jpegs/132505.jpg"> <BR><IMG SRC="http://www.goldbergcoins.net/liveauction/47jpegs/132505N2.jpg"> </P></IMAGES>