Market Analysis: X marks the spot on 1870-CC dollar
- Published: May 10, 2021, 8 AM
This 1870-CC Seated Liberty silver dollar has a lot going for it. In its March 22 auction, Stack’s Bowers observed, “Pleasing silver-gray patina with warmer olive-russet at the borders.”
A bit of luster remains in the protected areas. Graded Extremely Fine Details, Graffiti, by Professional Coin Grading Service, the qualifier is due to an X-shaped form carved in the reverse field under the eagle’s head, “but otherwise there are no singularly mentionable marks on either side,” the cataloger points out.
Specialist Rusty Goe believes the traditionally stated mintage of 11,758 pieces is overstated, and today perhaps 700 1870-CC Seated Liberty dollars remain, most in well-worn grades. The damage on the reverse made this one affordable and it realized $2,880, about the same price as a nice Very Fine example might bring.
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