1878-CC $5 MS(PCGS#8346)

The Regency Auction 26

拍卖行

Legend Rare Coin Auctions

批号

717

等级

AU58

价格

232,253

详细说明

From the Oak Crest Collection. The 1878-CC is a major rarity, and arguably rarer than the 1870-CC. From an original mintage of 9,054, survival estimates range from 60-70 known (Doug Winter, 2001), 97 (PCGS CoinFacts), to 90-120 (Rusty Goe). The presently offered coin is among the FINEST graded by NGC, only three coins are graded higher. There are no coins finer than AU58 at PCGS. The presently offered coin has a great, original look. A glowing mint bloom appears from below a lovely greenish gold tone with rose-gold highlights. As the fields hit the light, your eye is captivated by the flash seen in the protected recesses of the devices. Upon close magnification with a glass, you will find some friction in the fields and a few stray marks, but no where near the choppy surfaces you would normally see on examples of this date. None of these are visible to the naked eye. The dies imparted a bold impression on the planchet with only some minor weakness of strike noted, but overall better than usually encountered. Doug Winter explains that the strike is typically found stronger on the reverse than on the obverse, and sometimes the reverse can look a full grade higher than the obverse, due to this striking weakness. Liberty's hair curls are fully formed and separated, though a touch flat at the highest points. PCGS 4, NGC 9. Our consignor purchased this coin in March 2007, and at the time, between the two services, there were three or four coins graded AU58--today, if you include the two reported AU58+s that are on the NGC Census, there are 15 graded. Clearly there are some resubmissions of the same coin on the population figures. PCGS has not graded anything finer, NGC has 2 coins in AU58+ and a single Mint State coin called MS63 (which has never sold in auction). This coin's quality certainly lands it squarely in the condition census for the date. David Akers noted that the 1870-CC appeared more often than the 1878-CC in his analysis put together nearly 40 years ago, a statistic that still rings true in high grade. The last NGC AU58 sold in September 2017, realizing $38,775. Prior to that, a PCGS AU58 with a similar look and great provenance sold for $47,000. The current PCGS Price Guide lists a value of $52,500. As one of the finest known examples with its great looks, we would not be shocked if this coin surpassed our estimate. Again, the presently offered 78-CC presents a very important opportunity to add a condition census level coin to your collection; whether you collect rare date gold in general, or CC-mint issues specifically, this rarity will spark a lot of attention! Cert. Number 2657180001 PCGS # 8346