Fabled 1870-CC Half Dollar
Exceedingly Rare Mint State Preservation
1870-CC Liberty Seated Half Dollar. WB-4. Rarity-6. MS-61 (PCGS).
One of our most significant CC-Mint offerings not only in this sale, but of the last several years. PCGS has bestowed a Mint State grade on only five occasions when it comes to this issue, and this is the first of this highly select group that we can recall bringing to auction. It is a predominantly brilliant coin with enhancing blushes of iridescent champagne-pink toning adorning the upper right obverse and lower right reverse borders. Both sides are well struck, sharp to full in most areas, with an intensely lustrous finish that includes semi-reflective tendencies in the fields. Wispy handling marks explain the MS-61 grade from PCGS, but we see no singularly mentionable blemishes. The first issue in this mintmarked series, the 1870-CC is also the rarest. The Carson City Mint struck 54,617 half dollars in 1870, a generous total at the local level that is greater than the combined mintages for the 1870-CC quarter, silver dollar, half eagle, eagle and double eagle (total: 37,470 coins). Circulation was domestic and intense, there being no contemporary numismatic interest in early CC-Mint coinage. The vast majority of pieces were eventually lost in commerce, and of the 165 to 200 coins believed extant (per Carson City Mint specialist Rusty Goe, 2020) most are well worn, if not also impaired. It is easy to understand why the ownership of a highly quality 1870-CC half dollar such as this has long been the distinction of an advanced numismatic cabinet.
PCGS# 6328. NGC ID: 24K2.
PCGS Population: 2; 3 finer (MS-64 finest).
From the Srotag Collection.
Price realized | 65'000 USD |
Starting price | 1 USD |
Estimate | 90'000 USD |