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LIBERTY HEAD (WITH MOTTO ON REVERSE) TWENTY DOLLARS OR DOUBLE EAGLE (1849-1866)

1871-CC With Motto Double Eagle

1871-CC Double Eagle
1871-CC With Motto Double Eagle
PCGS No: 8961
Mintage Circulation strikes: 17,387
Proofs: None
Designer: James Barton Longacre
Diameter: ±34 millimeters
Metal content: Gold - 90%
Other - 10%
Weight: ±516 grains (±33.4 grams)
Edge: Reeded
Mintmark: "CC" (for Carson City, Nevada) below the eagle's tail on the reverse.

Introduction:
By a large margin, the 1871-CC double eagle is the second-rarest Carson City issue. The mintage is small, and most of the production was destined for circulation in Nevada and the surrounding areas. Circulation is the key word, as most of the coins found of this issue are well worn and heavily bagmarked. There are also a number of heavily cleaned examples known for the date. The 1871-CC double eagle is scarce in Extremely Fine and About Uncirculated condition. High-end About Uncirculated coins are very rare, and just a few pieces are known in Mint State. One incredible coin for this scarce issue stands out. It first appeared in the David Akers session of Auction '88, where it realized 546,200. The coin is now graded by NGC as MS-64, and last appeared at auction in 2005. The coin sold for an amazing $230,000. This illustrates the tremendous increase of interest in double eagles in the last decade.
Key to Collecting: The 1871-CC is a well-known rarity in the series. These pieces circulated extensively, and most show extensive wear and, often, damage. However, a few Mint State coins seemed to escape such conditions, and today they are sometimes seen, but in lower numerical levels.
Aspects of Striking: Usually light on the highest areas of the obverse, but sharper than 1870-CC.
Die Data: Standard four-digit logotype punch for this year.



Number of Appearances: 61 (14%)
High Grade Condition Points: 3

Auction Records:

(3) AU: Stack's 6/79; New England 5/78; Stack's 11/12/74

(17) EF: Stack's 9/81; New England 1/80; Paramount 4/79; Kagin's 9/78; AAA 6/76(2); ANA 1974; Stack's 6/74, 3/69; Miles 1968; Stack's 11/67, 6/67, 10/66; Wolfson 1962; Atwater 1946; Bell 1944; Roach 1944

(36) VF: Kreisberg 9/80; Hughes 10/79; Auction '79; Stack's 2/79; Ivy 4/78; Stack's 6/77, 2/77; Paramount 2/77; ANA 1976; ANA 1975; Pine Tree 6/75; RARCOA 4/75; Superior 10/74; ANA 1974; Pine Tree 9/73; Gilhousen 1973; Stack's 4/71; Alto 1970; Kreisberg/Cohen 11/70, 6/69; ANA 1968; Shuford 1968; Stack's 5/68, 4/67; Kreisberg 4/67; ANA 1966; Kosoff 10/65; Ward 1964; Bell 1963; FUN 1963; Golden 1962; ANA 1956; Farouk 1954; MC 1948; Lee 1947; WGC 1946

(5) Fine: Stack's 4/77; ANA 1975; FUN 1963; Melish 1956; Menjou 1950

Comments:
After the famous 1870-CC, the 1871-CC is the rarest Double Eagle from the Carson City Mint. Compared to all other twenties, the 1871-CC ranks in the top 15% of the series in overall rarity and it is tied for first place in rarity according to average grade. Few dates in the series come generally worse than the 1871-CC. The 1871-CC is like the 1870-CC in that respect and about all one can expect to find is a heavily abraded F or VF. A strictly graded EF is very rare and I have never personally seen one that I would call AU. Max Humbert tells me that in the 1960's when he was regularly receiving rare gold coins from Europe via Paul Wittlin. he handled a borderline Unc. 1871-CC. That coin is by far the finest I have heard of and it may well be the finest known.

See 1871-CC With Motto Double Eagle for sale. Click here!

Courtesy Akers: United States Gold Coins - An Analysis of Auction Records
Courtesy Bowers: A Guide Book of Double Eagle Gold Coins




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