In the realm of numismatics, certain coins transcend their monetary value, becoming coveted artifacts of history. One such example is the 1876-CC 20-cent piece, a coin that recently fetched an astonishing $870,000 at auction. This remarkable sale has ignited interest among collectors and the general public alike, prompting many to scrutinize their own coin collections for hidden treasures.
A Brief History of the 20-Cent Coin
The United States 20-cent coin, minted from 1875 to 1878, was introduced to address a perceived shortage of small denomination coins in the Western regions. However, its close resemblance in size and design to the quarter dollar led to confusion and limited public acceptance. Consequently, its production was short-lived, and many of these coins were later melted down, rendering surviving specimens particularly rare.
The Significance of the 1876-CC Minting
The “CC” mint mark denotes the Carson City Mint in Nevada, a facility renowned for producing limited quantities of coinage. In 1876, approximately 10,000 20-cent pieces were minted in Carson City. However, a substantial portion of these coins was melted down following the coin’s discontinuation, drastically reducing the number of surviving examples. Today, fewer than two dozen are known to exist, elevating their status among collectors.
Design Features of the 1876-CC 20-Cent Coin
- Obverse (Front): Features Lady Liberty seated on a rock, holding a liberty cap on a pole in her right hand and a shield inscribed with “Liberty” in her left. Thirteen stars encircle the design, representing the original colonies, with the year “1876” inscribed below.
- Reverse (Back): Depicts a left-facing bald eagle clutching arrows and an olive branch, symbolizing war and peace. The “CC” mint mark is located beneath the eagle, indicating its origin at the Carson City Mint.
The Record-Breaking Auction
In August 2022, Heritage Auctions presented an 1876-CC 20-cent coin graded MS65 by the Professional Coin Grading Service (PCGS). The coin achieved a final sale price of $870,000, underscoring its rarity and desirability. This sale places the 1876-CC 20-cent piece among the most valuable coins in American numismatic history.
Identifying a Potential Treasure in Your Collection
For those intrigued by the possibility of owning such a rare coin, consider the following identification markers:
- Mint Mark: Verify the presence of the “CC” mint mark beneath the eagle on the reverse side.
- Date: Ensure the coin bears the year “1876” on the obverse.
- Design Details: Compare the coin’s design elements to authenticated images, paying close attention to the depiction of Lady Liberty and the bald eagle.
If you believe you possess an 1876-CC 20-cent coin, consult a reputable numismatist or coin grading service for authentication and appraisal.
Key Details of the 1876-CC 20-Cent Coin
| Feature | Description |
|---|---|
| Mint Mark | “CC” (Carson City Mint) |
| Year of Minting | 1876 |
| Mintage Number | Approximately 10,000 |
| Surviving Specimens | Fewer than 24 known |
| Design – Obverse | Lady Liberty seated, holding liberty cap and shield, encircled by 13 stars |
| Design – Reverse | Bald eagle clutching arrows and olive branch, “CC” mint mark beneath |
| Auction Record | Sold for $870,000 in August 2022 |
FAQs
Why was the 20-cent coin discontinued?
The 20-cent coin was discontinued due to public confusion with the quarter dollar, as both coins were similar in size and design, leading to transactional errors.
What makes the 1876-CC 20-cent coin so valuable?
Its limited mintage, the melting of many specimens, and its origin from the Carson City Mint contribute to its rarity and high value among collectors.
How can I authenticate an 1876-CC 20-cent coin?
Consult a reputable coin grading service or numismatist who can verify the coin’s authenticity through detailed examination and comparison to known specimens.
Are there other valuable 20-cent coins?
Yes, other 20-cent coins from the 1875-1878 series, especially those with low mintages or in exceptional condition, can also be valuable.
Where can I sell a rare coin like the 1876-CC 20-cent piece?
Rare coins can be sold through reputable auction houses, coin dealers, or numismatic associations that specialize in high-value collectibles.
