Coin Specifications

Category: Seated Liberty Quarters (1838-1891)
Mint: Carson City
Mintage: 8,340
Catalog: KM-98
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 6.2200g
ASW: 0.1800oz
Melt Value: $3.21 (9/19/2014)
Diameter: 24.3mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1870 CC 25C MS obverse 1870 CC 25C MS reverse


  
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Description & Analysis

Despite its favored status among numismatists today, the Carson City Mint did not lead a charmed life. After several years of operation as an assay office and numerous delays, the institution finally received its first dies from Philadelphia on January 10, 1870. It seems only natural today that the first products of the western branch mint were 2,303 silver dollars that the facility delivered on February 11. While production of this denomination remained minimal through 1872, the Mint Act of 1873 and, in particular, the Bland-Allison Act of 1878 would keep the facility quite busy producing Trade and Morgan dollars through its closure in 1893. Although production of this staple coin would suffer the ups and downs of political meddling, the cartwheel's life on the frontier was idyllic in comparison to the smaller silver denominations.

On April 20, 1870, the Carson City Mint struck its first 3,540 Liberty Seated quarters. By the end of the year, another 4,800 pieces would follow for a grand total of only 8,340. From this tentative beginning, the relationship between the quarter dollar and the Nevada branch mint was an unhappy one. The political foes of the silver lobby in Washington, D. C. conspired ceaselessly to keep Carson City's production levels as low as possible. The meager figures could then be used as an effective argument for closing the branch mint whose contribution to circulating coinage did not justify its operating costs. As the high consumer prices on the frontier confirmed the importance of the silver dollar as a circulating medium of exchange, the officials at Carson City allocated the majority of their silver bullion to that denomination. Although quarter production at the facility would increase dramatically in 1876 and 1877, in 1878, just as the mint was entering the glory days of the Bland-Allison Act and the Morgan dollar, the last 996,000 quarters emerged from its presses.

Despite their meager production levels, the CC-mint Seated quarters saw widespread and heavy circulation on the frontier. The low mintage issues of the early 1870s were, of course, the hardest hit by this commercial attrition. The 1870-CC is easily the rarest collectible issue in the entire Seated quarter series.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

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Price Guide

Last Updated: 11/25/2013

Click on a price to see historical prices, comparison charts and trends.

1870 CC 25C MS
  GVGFVF4045505355586061626364656667686970
Base $ 10750 15750 22000 28000 42500 42500 60500 75000 165000 - - - - - - - - - - - -
$ 46000 66000 80000 184000 - - - - - - - - - -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 25
Low Grade: PrAg
Average Grade: VF
High Grade: 64


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
4/27/2011 PCGS G 4   Heritage Auctions 2011 April Rosemont CSNS Signature & Platinum Night US Coin Auction Session(1), 1154/Lot# 3419 $9,775.00
8/15/2011 NGC VG 8   Stack's Bowers The August 2011 Chicago ANA World's Fair of Money Auction, 115/Lot# 10079 $11,212.50
2/2/2012 PCGS VF 35   Heritage Auctions 2012 February 2-5 US Coins Signature Auction- Long Beach Session(1), 1167/Lot# 3476 $25,300.00
2/27/2014 NGC Details VG Details  Heritage Auctions 2014 February 27 - 28 & March 2 Mid-Winter ANA US Coins Signature Auction - Atlanta Session(2), 1203/Lot# 3855 $7,050.00
5/25/2014 PCGS   GreatCollections GreatCollections Coin Auctions 05/25/2014, 183/Lot# 196865 $8,305.00
6/4/2014 PCGS F 15   Heritage Auctions 2014 June 4 - 8 US Coins Signature Auction - Long Beach Session(3), 1206/Lot# 4457 $21,150.00


NGC Registry

NGC Registry Score 1870 CC 25C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base4935531663247077775690469918102551104714347147511498115656163531707317805185783102542884603366591671870
5062565265757303818693361003010519121471448114827152061588816593173171806222727349784870162196679000
000000100301051912147144811482715206158881659317317180622272734978487016219600
000000101421078313247146161490415431161201683317561183202687638931545186405600
1870 CC 25C MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base489052356567716176319337975110132107441111411622119368635105091213715203234833180743878616156728273325
50055679676573178199947598781033610867112831172611936925911051131591796326257358304979063504692960
0000009878103361086711283117261193692591105113159179632625735830497906350400
00000010005105401099011452118311193698841159414181207232903239854557026539300
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