With more than $60 million realized, the sheer volume
of Heritage and Stack’s Bowers Galleries official 2015 American Numismatic Association World’s Fair of
Money auctions allowed collectors to choose from a wide range of
material. Coins from the Carson City Mint were well represented, so much
so that one can explore fine nuances within a market, such as Carson
City Mint coins in the Very Good 10 grade. Better than the standard
Very Good 8, but not quite Fine, these coins are often priced in the
marketplace with a slight-to-modest premium over a typical Very Good 8 coin.
Here is one of three we're profiling in this week's Market Analysis:
1870-CC Coronet gold $10 eagle, Very Good 10
the Carson City Mint began gold production in 1870, it did so on a
relatively modest scale with low mintages for all three of the gold
denominations it produced that year: $5 half eagles, $10 eagles and
$20 double eagles.
1870-CC Coronet $10 gold eagles are rare, with a low mintage of 5,908,
of which an estimated 45 to 60 survive today. Heritage suggests that
even this traditional estimate may be generous.
Mint State examples are known, with the finest piece grading About
Uncirculated 55 and the majority showing moderate to heavy
circulation. At Heritage’s 2015 ANA auction, an example grading Very
Good 10 by Professional Coin Grading Service brought $28,200.
price is especially strong when considering that a different example
in the same grade sold for $13,225 at a June 2008 Heritage sale, but
it is slightly less than an NGC Fine 12 example sold for at Heritage’s
March 20, 2014, sale of the Donald E. Bently Collection.
Keep reading this Market Analysis:
date 1889-CC Morgan dollar struck just after Carson City Mint
resumed silver dollar production
1884-CC Coronet gold realizes $3,525 at 2015
ANA show despite Very Good 10 grade
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