LOT Old Heritage Auctions  /  2007 Dallas Signature Coin Auction #450  / 

10

1879-CC S$1 Capped Die MS65 PCGS. VAM-3. A Top 100 Var

Currency:USD Category:Coins & Paper Money Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1879-CC S$1 Capped Die MS65 PCGS. VAM-3. A Top 100 Var
<B>1879-CC S$1 Capped Die MS65 PCGS.</B></I> VAM-3. A Top 100 Variety. A prized rarity in Mint State among Morgan dollar specialists, this issue owes its low mintage to depressed railroad rates that made it cheaper to send silver bullion from the Comstock Lode to the San Francisco Mint as opposed to the much closer facility in Carson City. With little bullion on hand, the Nevada branch mint suspended coinage operations from March 1 to June 30, 1879 and again from November 1, 1879 through May 1, 1880. Of the 756,000 silver dollars that the facility did produce in 1879, many undoubtedly saw extensive circulation on the frontier.<BR> The so-called "Capped Die" is really a large CC recut over a small CC. At one time these coins were valued much lower than the "Perfect Die" coins, but the advent of certified grading and population data changed the perceptions of collectors. Today, better-grade Uncirculated "Capped Die" coins are valued higher than their "Perfect Die" counterparts. A comfortable Gem, the present piece displays an amazingly clean appearance overall, resulting in the coveted MS65 designation. While the strike is slightly incomplete on the hair above the ear, the balance of the features display the razor-sharp definition that typifies Carson City Morgans. Essentially untoned and richly frosted, this is an important representative of this elusive issue that deserves a carefully considered bid.<BR><I>Ex:he Jack Lee Collection, Part III.</B></I><BR><I>From The Jackson Hole Collection.</B></I><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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