Description and Analysis

Liberty Head $20
1872 CC $20 MS

Description & Analysis

The Carson City mint showed greater skill in striking the 1872-CC than its preceding two Double Eagle issues. By most numismatists' standards, this is the first readily collectible Double Eagle from the Nevada branch mint. The 'commonality' of the 1872-CC, however, ends abruptly as one crosses into the Uncirculated grade range. This was a heavily circulated issue and most surviving examples are well worn and not the type of coins that choosy collectors prefer. In addition, a small number of lightweight and debased Carson City coins dated 1872-1873 were discovered by local citizens around the time of their issue. The resulting loss of confidence in their local mint forced numerous area residents to file the edges and otherwise test every Carson City coin that passed through their hands. While this practice probably spared financial heartache to the tester, it undoubtedly lowered the surviving population of high grade, problem-free 1872-CC Double Eagles available in today's market.

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