LOT Old Heritage Auctions  /  2007 May/June Long Beach, CA Sig. US Coin #438  / 

1366

1872-CC S$1 MS62 PCGS. Rusty Goe writes piquantly conc

Currency:USD Category:Coins & Paper Money / US Coins Start Price:2,200.00 USD Estimated At:1.00 - 1,000,000.00 USD
1872-CC S$1 MS62 PCGS. Rusty Goe writes piquantly conc
<B>1872-CC S$1 MS62 PCGS.</B></I> Rusty Goe writes piquantly concerning the 1872-CC silver dollar: "This was the year that the delivery of new coin dies to the Carson City Mint was delayed when snowfall blocked the mountain passes. Superintendent H.F. Rice might have stressed over some of the other denominations, but silver dollars had not been produced at his mint for five months anyway, and apparently there was little pressure to manufacture more of them. When silver dollar production finally resumed in late February or early March of 1872, a mere 2,150 pieces were minted. This would suffice until the final 1,000 silver dollars for the year were struck in July, bringing the annual total to 3,150, the highest mintage for the three year run from 1871 to 1873." (Rusty Goe, <I>The Mint on Carson Street.)</B></I> Later on, concerning the eventual disposition of the issue, Goe says, "It is not known whether the 3,150 1872-CC silver dollars were released into circulation, claimed by bullion traders, banks, or merchants, held in the mint's vaults, exported to China, buried in the ground, hoarded or melted--or a combination of any and all of the above. Regardless what happened to them long ago, it appears that no more than 10% of the original mintage survived to the early years of the 21st century."<BR> Goe closes by saying that of the four CC-mint Seated dollars, the 1873-CC is the rarest, followed closely by the 1871-CC; then the 1872-CC edges out the 1870-CC for third place. This example displays deeply toned smoke-gray and copper-gold surfaces over slightly muted underlying luster. The bold strike has brought up all of the star centrils, and there are no singular abrasions. Only the muted luster has likely prevented an even finer grade. As it is, this MS62 coin is one of two so graded at NGC, with six pieces finer, while PCGS has certified three MS62 pieces, and four finer (4/07). An important opportunity for the Seated dollar specialists: Only five times previously have we auctioned a Mint State example of this elusive issue. This marks only the fourth time we have handled an MS62, and we have never offered one finer. Census: 2 in 62, 6 finer (4/07).<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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