It's all about respect. Either the numismatic community believes that a certain coin is rare and worthy of high value or it doesn't. The 1876-CC branch mint Proof dime has finally earned its distinction as a genuine American classic rarity, as it transcended the price scale to the next level, shattering all pre-sale estimates. The winning bidder chunked down $178,250 for the 1876-CC Liberty Seated dime certified as a PR-65 by PCGS in Superior's Elite Coin Auction held in Orlando, Florida on January 5, 2008. The consignor of this special coin posted a hefty reserve before the sale, which if satisfied, would ensure that a new record would be established. One by one bidders dropped out of contention, until at the end it was between two stalwarts, neither of whom wished to concede victory to the other. A second-to-last bid of $150,000 was trumped by one of $155,000, thus ending the contest. Add another $23,250 in buyer's fees to the hammer and you've got the final price realized.
Previous sales of any of the reported Proof or Specimen strike 1876-CC dimes approached the $50,000 mark, which is certainly an impressive level. But now the roof has been raised, and just as the 1893-CC Proof Morgan dollars at one time needed to prove that they were worthy of breaking the six-figure barrier, the specially-struck 1876-CC dimes will now be accepted into an exclusive club in which rarity engenders accolades.
This is a monumental day for the Carson City series and we offer our hearty salute in honor of the occasion. And, by the way, congratulations to the dime's new owner.
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1 comment:
Aha...just as I though it would...this spectacular coin broke the 100K level. But in all reality, I didn't think it would go as high as it did. Apparently an avid CC fan just had to have that coin. Oh how I wish it were mine. Now we will see how much the 1870-CC $20 (XF-40) goes for. I'm still predicting close to 200K. We will see!
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