An exceedingly rare 1870-CC Double Eagle, graded XF45 by NGC, recently sold for $312,000, propelling Heritage Auctions’ U.S. Coins Signature® Auction to a total of $5,618,417 from December 12-15, 2024.
The Rare 1870-CC Double Eagle and Its Scarcity
This coin is among the few surviving specimens of the 1870-CC Double Eagle, one of the most coveted pieces in the entire double eagle series.
Originally, only 3,789 of these coins were minted at the Carson City Mint, and current estimates suggest that just 40 to 65 examples remain today.
This scarcity makes it the rarest gold coin from this historically significant mint, representing an extraordinary acquisition for collectors.
Auction Highlights and Success of Heritage Auctions
The auction attracted 2,239 bidders worldwide and achieved a perfect sell-through rate, with 100% of lots sold by value.
1907 High Relief Flat Rim Double Eagle Achieves $144,000
Another highlight of the event was a 1907 High Relief Flat Rim Double Eagle, graded PR66★ by NGC, which realized $144,000 after more than three dozen bids.
This coin is notable for being the only example to earn a PR66 grade with the coveted Star designation, indicating exceptional eye appeal.
Among the 291 proof examples certified by NGC, only 25 are in the PR66 grade range, with this specimen being the sole offering to carry the Star designation.
The Enduring Allure of Carson City Mint Coins
The success of this auction underscores the enduring allure and value of rare numismatic treasures, particularly those from the Carson City Mint, which continue to captivate collectors and investors alike.
| Coin | Grade | Certification | Price Realized | Auction Date |
|---|---|---|---|---|
| 1870-CC Double Eagle | XF45 | NGC | $312,000 | December 2024 |
| 1907 High Relief Flat Rim Double Eagle | PR66★ | NGC | $144,000 | December 2024 |
| 1870-CC Double Eagle | AU55 | PCGS | $1,440,000 | November 2024 |
| 1870-CC Double Eagle | AU53 | PCGS | $1,620,000 | November 2021 |
Auction Results And Market Impact
The 1870-CC Double Eagle stands as a testament to the rich history of the Carson City Mint and its limited coinage, which has become highly sought after in the numismatic community.
The recent auction results highlight the significant value and interest these rare coins command in today’s market.
FAQs
What makes the 1870-CC Double Eagle so rare?
The 1870-CC Double Eagle is exceptionally rare due to its limited mintage of only 3,789 coins at the Carson City Mint. Estimates suggest that just 40 to 65 of these coins survive today, making it the rarest gold coin from this mint.
Why is the Carson City Mint significant to collectors?
The Carson City Mint holds historical importance as it produced a limited number of coins during its operation from 1870 to 1893. Coins minted here, identifiable by the “CC” mintmark, are highly coveted due to their rarity and the rich history associated with the Nevada silver and gold rush era.
What does the PR66 grade signify for the 1907 High Relief Flat Rim Double Eagle?
The PR66 grade indicates that the coin is in superb condition (Proof 66) with exceptional eye appeal, as denoted by the Star designation. This combination is rare, enhancing the coin’s desirability among collectors.
How do auction results impact the value of rare coins?
Auction results provide a benchmark for the market value of rare coins. High prices realized at auctions can increase the perceived value of similar coins and generate greater interest among collectors and investors.
Where can I find more information about upcoming coin auctions?
Information about upcoming coin auctions can be found on the websites of major auction houses such as Heritage Auctions and Stack’s Bowers Galleries, as well as numismatic news outlets and publications.
