1877-CC 50C MS(PCGS#6356)

Spring 2022 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

2311

等级

MS62

价格

12,991

详细说明

1877-CC Liberty Seated Half Dollar. Type II Reverse. WB-13. Rarity-2. Medium CC. Repunched Mintmark. MS-62 (PCGS). Brilliant frosty-white surfaces are highly lustrous with a sharp to full strike. 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. This flashy BU example is sure to have no difficulty finding its way into a high grade collection. PCGS# 6356. NGC ID: 24KL. Click here for certification details from PCGS.