On Wednesday evening June 25, 2008 in New York City, an 1870-CC $20 gold piece graded XF-40 by NGC sold for $299,000 ($260,000 hammer price). Pre-sale estimates suggested that this coin might bring in excess of $325,000. In fact, a poll conducted on C4OA's blogsite resulted in a majority opinion of a price realized of $350,000 or higher.
This specimen of the rarest date/denomination in the "CC" gold coin series was featured in Stack's Husky sale which included a fine assortment of U.S. gold pieces.
Showing posts with label 1870-CC $20. Show all posts
Showing posts with label 1870-CC $20. Show all posts
Thursday, June 26, 2008
Wednesday, June 11, 2008
1870-CC DOUBLE EAGLE DIE VARIETY 1-A EXPLAINED
This posting is in response to several questions about the 1-A Die variety on 1870-CC $20 gold pieces.
There are two known die varieties for this date, the 1-A and 2-B. The purpose of these designations is to point out distinctive characteristics displayed on each variety.
The Die 1-A variety features a large date with bold details. As seen in the arrow in the image to the left, the "1" in "1870" is near Liberty's neck. The arrow to the right shows the location of the small mintmark in relation to the bottom of the eagle's tailfeathers and the letters NT in TWENTY.
There are two known die varieties for this date, the 1-A and 2-B. The purpose of these designations is to point out distinctive characteristics displayed on each variety.
The Die 1-A variety features a large date with bold details. As seen in the arrow in the image to the left, the "1" in "1870" is near Liberty's neck. The arrow to the right shows the location of the small mintmark in relation to the bottom of the eagle's tailfeathers and the letters NT in TWENTY.
Sunday, February 3, 2008
1870-CC $20 GOLD PIECE BRINGS QUARTER MILLION $$S
An 1870-CC gold double eagle graded XF-40 (non-certified) sold for $253,000 at Stack's Americana sale in New York City on January 16. This example of the key date in the "CC" $20 gold series is not visually attractive, and has not even been graded by a third-party service, which makes its price realized even more astonishing.
1870-CC $20 gold piece from Stack's Americana sale, 1-16-08.
This strong showing further illustrates the perpetually-increasing demand for rare "CC" issues. We can only imagine what this same coin would have fetched if it had been graded XF-40 or XF-45 by PCGS or NGC. It seems plausible that the winning bid would have cracked the $300,000 barrier. This is all so mind-bending, since it was only about seven or eight years ago that 1870-CC double eagles in any grade were just barely crossing the six-figure level. And, to add more perspective to the sale of this specific 70-CC $20 gold piece, the same coin sold for $20,900 back in 1987 at another Stack's January auction. If its consignor in 2008 is the same person who purchased it in 1987, he or she should be very pleased, don't you think?
The way this current auction season is shaping up, "CC" coins of all types, dates and grades, are sure to garner their share of attention. Stay tuned.
This strong showing further illustrates the perpetually-increasing demand for rare "CC" issues. We can only imagine what this same coin would have fetched if it had been graded XF-40 or XF-45 by PCGS or NGC. It seems plausible that the winning bid would have cracked the $300,000 barrier. This is all so mind-bending, since it was only about seven or eight years ago that 1870-CC double eagles in any grade were just barely crossing the six-figure level. And, to add more perspective to the sale of this specific 70-CC $20 gold piece, the same coin sold for $20,900 back in 1987 at another Stack's January auction. If its consignor in 2008 is the same person who purchased it in 1987, he or she should be very pleased, don't you think?
The way this current auction season is shaping up, "CC" coins of all types, dates and grades, are sure to garner their share of attention. Stay tuned.
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