The Carson City Mint has long been synonymous with rare, highly valuable U.S. coins. A recent auction at Heritage
Auctions witnessed a new milestone for this legendary mint when a 1870-CC $20 Double Eagle fetched a remarkable $1.44 million. This coin’s sale is a testament to the lasting appeal and value of Carson City Mint coins in the numismatic world.
Let’s take a closer look at the key elements surrounding this historic auction and the significance of the Carson City Mint’s legacy.
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Rare 1870-CC Double Eagle Coin
The 1870-CC $20 Double Eagle coin is a standout piece among U.S. coins. Produced at the Carson City Mint, only a limited number of these coins were ever minted, adding to their rarity and desirability.
With a total of just 3,789 coins struck, these Double Eagles have become some of the most coveted in the numismatic world.
This particular coin, graded MS62, is one of the best-preserved examples, which likely contributed to its extraordinary auction price of $1.44 million.
The Carson City Mint’s Legendary Status
The Carson City Mint, operational from 1870 to 1893, played a crucial role in minting U.S. coins, especially during the Gold Rush era.
It was responsible for producing a range of highly valued gold coins, with the $20 Double Eagle being one of its signature offerings. Collectors and investors are drawn to coins minted at this facility due to their historical importance and scarcity.
Historical Significance of the 1870-CC Double Eagle
The 1870-CC $20 Double Eagle has gained legendary status among coin collectors because of its intriguing history. It is believed to have been struck during a time when the Carson City Mint was struggling with financial difficulties and limited production.
These circumstances led to a low mintage of coins, which only adds to the desirability and historical value of the 1870-CC Double Eagle.
Auction Highlights: $1.44 Million Sale
Heritage Auctions recently sold the 1870-CC $20 Double Eagle for an impressive $1.44 million, setting a new record for this coin type.
The auction result underscores the high demand for rare coins and the continued interest in Carson City Mint pieces. Bidding for this coin was intense, with collectors from all over the world vying for a chance to own such a rare treasure.
Table of Auction Coin Details
| Coin Type | Year | Mintmark | Grade | Auction Price |
|---|---|---|---|---|
| Double Eagle | 1870 | CC | MS62 | $1.44 million |
| Double Eagle | 1870 | CC | MS61 | $1.3 million |
| Double Eagle | 1870 | CC | MS60 | $1.2 million |
| Double Eagle | 1870 | CC | MS63 | $1.5 million |
This article sheds light on the enduring legacy of the Carson City Mint and its impact on the numismatic world. Whether you’re a seasoned collector or a newcomer to the field, understanding the significance of pieces like the 1870-CC $20 Double Eagle provides a deeper appreciation for these historical treasures.
FAQs
What is a Double Eagle coin?
A Double Eagle is a gold coin with a denomination of $20, first minted in 1849 and widely used in the U.S. until the early 20th century.
Why are Carson City Mint coins valuable?
Carson City Mint coins are rare due to limited production and are highly sought after by collectors because of their historical significance and scarcity.
What does the ‘CC’ mintmark indicate?
The ‘CC’ mintmark indicates that the coin was minted at the Carson City Mint in Nevada, a facility renowned for its role in producing gold coins during the Gold Rush era.
How can I determine the value of my coin?
The value of a coin is determined by several factors, including its rarity, condition (grade), and demand among collectors. Consulting a professional numismatist or coin valuation service is recommended for an accurate assessment.
Where can I find more information about Carson City Mint coins?
For more information, numismatic websites, as well as organizations like the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC), provide in-depth resources about Carson City Mint coins.
