LOT Heritage Rare Coin Galleries  /  2007 Long Beach, CA Sig. Coin Auction #430  / 

3712

1878-CC T$1 MS60 PCGS. The 1878-CC is considered by nu

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1,100.00 USD Estimated At:1.00 - 1,000,000.00 USD
1878-CC T$1 MS60 PCGS. The 1878-CC is considered by nu
<B>1878-CC T$1 MS60 PCGS.</B></I> The 1878-CC is considered by numismatists to be the rarest of the business strike Trade dollars. David Bowers (1993) wrote: "Secretary of the Treasury John Sherman, who disliked Trade dollars intensely, mandated on February 22, 1878, that no Trade dollars would be paid out for deposits of bullion made prior to the order for discontinuance when received at Carson City. When this order reached Carson City, this branch mint had already struck 97,000 pieces...the smallest business strike quantity of the denomination. Thus a rarity was created." Moreover, 44,148 undistributed Trade dollars, presumably dated 1878-CC, were consigned to the melting pot.<BR> This MS60 example displays peripheral whispers of golden-brown, lavender, and cobalt-blue toning and soft luster. The strike was well executed, as determined from crisp definition on most of the design elements; Liberty's hair at the ear reveals minor softness. Close examination shows some minor handling marks on each side. All in all, a nice key-date coin, perhaps somewhat conservatively graded. Population: 3 in 60, 21 finer (1/07).<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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