1876-CC Liberty Head Eagle. AU-58 (NGC).

Handsome 1876-CC Eagle Ex Bass, and Among the Finest Certified 1876-CC Liberty Head Eagle. AU-58 (NGC). Offered is a handsome and vividly toned example of this popular Centennial year Carson City Mint issue. A blend of deep honey and reddish-orange colors on both sides supports ample remnants of the original frosty finish. A bit lightly struck toward the top of Liberty's portrait and the bottom of the eagle, the overall appearance is still appreciably bold, especially for an issue that is typically offered in much lower grades. All three coinage facilities that produced eagles in 1876 turned out very small quantities of this denomination. The Specie Payment Resumption Act of January 14, 1875, ensured a focus on subsidiary silver coin production the following year in anticipation of the impending return of such pieces to widespread domestic circulation. Double eagle coinage was also a priority for the United States Mint in 1876, as the nation struggled to increase its gold reserves in competition with Germany and other European nations that had adopted the gold standard early in the 1870s. All of this activity came at the expense of the lower gold denominations as converting a given amount of bullion to double eagles was most efficient. Indeed, the mintage for the 1876-CC ten amounted to just 4,696 pieces, only 130 to 160 examples of which have survived in all grades (per Rusty Goe, 2020). With premium quality AUs exceedingly rare in today's market and Mint State coins unknown, the present offering is sure to be of keen interest to advanced collectors. Provenance: Ex Julian Leidman, November 21, 1969; Harry W. Bass, Jr.; our (Bowers and Merena's) sale of the Harry W. Bass, Jr. Collection, Part III, May 2000, lot 688, as PCGS AU-55. NGC Census: 3; 0 finer. The corresponding PCGS Population is also 3/0. PCGS# 8675. NGC ID: 265D. Click here for certification details from NGC.

Estimation:€0.89

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