1877-CC 50C MS(PCGS#6356)
1877-CC 50C MS (PCGS#6356)
November 2017 Baltimore U.S. Coins Auction
- 拍卖行
- Stack's Bowers
- 批号
- 10064
- 等级
- MS66
- 价格
- 43,756
- 详细说明
- Stunning Premium Gem 1877-CC Half Dollar 1877-CC Liberty Seated Half Dollar. WB-15. Rarity-2. Type II Reverse, Medium CC. MS-66 (PCGS). This is a gorgeous Liberty Seated half dollar irrespective of date or issuing mint that ranks among the finest certified for the 1877-CC. Highly lustrous satin surfaces are further adorned with mottled pinkish-rose and cobalt blue peripheral iridescence. Fully struck throughout and expertly preserved, this coin would do justice to the finest collection of Liberty Seated and/or Carson City Mint coinage. After the 1876-CC, the 1877-CC has the second highest mintage among Carson City Mint half dollars, the total number of coins produced 1,420,000 pieces. All three operating mints (Philadelphia, Carson City, San Francisco) ratcheted up half dollar production in 1875 in anticipation of parity being achieved between Legal Tender notes and silver. When this occurred on April 20, 1876 silver coins were able to circulate in the East and Midwest for the first time since their withdrawal early in the Civil War. What the Treasury Department did not anticipate was that the achievement of parity in the market resulted in an influx of previously minted silver coins that had been hoarded throughout the Civil War and Reconstruction eras. Faced with a glut of older half dollars, there was little need for new coinage and circulation strike production fell off markedly beginning in 1878. The introduction of the Morgan silver dollar that year and the need for the mints to strike large numbers of that coin also contributed to paltry half dollar deliveries through the end of the Liberty Seated series in 1891. While plentiful in an absolute sense by Carson City Mint half dollar standards, the 1877-CC is scarce in Mint State relative to the strong collector demand for such pieces. In the finest grades, as here, this issue is nothing short of rare and represents a fleeting bidding opportunity for the advanced collector whenever an example appears at auction. PCGS# 6356. NGC ID: 24KL. PCGS Population: 7; with a single MS-67+ finer.