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Double Eagles $20 Liberty

1879-CC $20 NGC AU58
Please call: 1-941-291-2156
VIEW LARGER IMAGE
1879-CC $20
NGC AU58
Coin ID: RC3932003
Inquire Price: 33,250.00 - SOLD - 8/01/2012*
Free Shipping and Insurance for coins at $10K or above.

1879-CC Double Eagle - 1879-CC $20 NGC AU58. Type 3 Double Eagle. This rare, Western branch mint 1879-CC Double Eagle shimmers with significant mint luster on both sides. The coin has a bold strike with full details on the centers of the stars, Libertys hair, and the design details of the reverse. Just a touch of slight wear on the highest points keeps this piece from a Mint State grade. The surfaces are original and clean for the grade with no notable individual abrasions. This coin is a premium quality piece that is way above average.

Authorized in 1863, the Carson City Mint began coinage in 1870 and continued until 1893. It was then operated as a government assay office until 1933 when it was closed as a cost cutting measure. During its operation it made fifty-seven different types of gold coins. It also converted gold bullion and oar into gold bars, which were shipped to San Francisco for coinage there. Coins issued from the Carson City used the CC mint mark. Originally established to convert silver from the Comstock Lode to coinage, the Carson City Mint also processed gold in to gold coins.

When first discovered, gold and silver found in Nevada had to be shipped over the Sierra Nevada Mountains to the branch mint in San Francisco. This trip was dangerous and expensive. The Nevada mine owners asked Congress to establish a branch of the mint in their state, and legislation was enacted in 1863. Carson City was chosen as the location for the mint facility because it was near some of the major mining sites.

Between 1870 and 1873, mintage at Carson City was limited because of political reasons. The Mint Superintendent, H.F. Rice was dismissed because of claims that the mint issued some light weight and debased coins. Rice could have been executed. This partly verified information led to frequently seen edge test marks on the gold pieces of this period. Those who wanted the Carson City Mint closed use this discovery to urge the closing. Their real motive was that they wanted the lucrative shipping contracts to move the oar to San Francisco.

The first coin produced was the Liberty Seated 1870-CC dollar. A person who had deposited silver at the mint received 2,303 silver dollars. Shortly afterwards, gold eagles, half eagles and double eagles were struck. The Mint did not strike coins made of copper or nickel, and it never struck half dimes, gold dollars, quarter eagles, or three dollar gold coins.

In 1873 silver was demonetized; however, the Bland-Allison act of 1878 required the Treasury Department to coin two to four million silver dollars each month. The act attempted to keep silver at artificially high levels. Large quantities of Morgan dollars were minted, but they did not circulate well and were kept in Treasury storage vaults.

The design change that brought about the Type 3 double eagle was the denomination. It went from TWENTY D. to TWENTY DOLLARS.  Like the addition of the motto to the reverse of the previous double eagle, it did not cause any major change in the rest of the coins design. William Barber who by then was the Engraver following Longacres death in 1869 made the modification. Later, his son Charles further modified the reverse of the double eagle by smoothing the back of the eagles neck.

Longacres double eagle design was a new concept that endured well past the turn of the century. When Longacre first came to work at the Mint, he was opposed by Franklin Peale, the Chief Coiner. Peale was probably responsible for some blundered dies that Longacre was criticized for making. Peal was involved in a private, illegal medal manufacturing business using Mint facilities. He was concerned that this new political appointee would interfere with his business, and he resisted Longacres appointment as Chief Engraver. In the end Peale was found out and fired in 1854. Longacre flourished in his position and was responsible for creating many new designs including the Indian Head cent, the two-cent piece, the Shield nickel, the Liberty Head gold dollar, the Indian Princess gold dollar, the three-dollar gold piece, and the Liberty Head double eagle. 

The 1879-CC double eagle had one of the lower mintages for coins made at Carson City. Fewer than a dozen are known in Mint State; consequently, there have been numerous resubmissions to achieve an Uncirculated grade. In its population report, NGC shows 50 in AU58 with 8 better. At PCGS there are 17 in AU58 with 7 better. These numbers do not account for crossovers or resubmissions.


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