PCGS Auction Prices

$5 1879-CC PCGS AU58 CAC

Original Lot at Legend Rare Coin Auctions

Lot #
718
Grade
AU58
Sale Price
$16,450.00

Auction Details

Firm Sale Type Name Date Notes Lot
Legend Rare Coin Auctions Auction The Regency Auction 26 May-2018 From the Oak Crest Collection. Beginning in 1879, the mintages for Carson City gold coins began to increase, making this the first, in Doug Winter's words, "that is relatively easy to obtain, especially in lower grades...it is very scarce in higher circulated grades and extremely rare in full Mint State." Of the 17,281 initially struck, perhaps 200-250 exist in all grades, most in VF and XF. AU58s lie at the low end of the condition census, and their populations are likely inflated by regrades. This coin last sold in auction as part of the Old West Collection, ANR, August 2006, lot 1331, where it was cataloged in part as: "A brilliant, lustrous, and very attractive coin--lots of eye appeal here! The striking is quite good on both sides, with just slight evidence of lightness. The luster is rich..." To that we will point out the exceptional color. Rich honey-gold blooms with the amazing, vibrant mint brilliance. The quality of this coin was noted a few months after the auction, where Doug Winter opined, "In my opinion, the Old West 1879-CC was just gorgeous and I could see it grading MS61 on a good day." While no one will guarantee that, we can say that this coin is about as close to Mint State as you can hope to get without the holder saying "MS." PCGS 14, NGC 26, CAC 4. At the time this coin was last sold in auction, only 2 Mint State coins were graded finer. In the nearly 12 years since, there are now 6 graded Mint State, with the finest being MS62. This coin brought $12,650 back in August 2006, and our consignor purchased it from our sister firm, Legend Numismatics in 2009. No CAC-approved example has ever sold in AU58 at auction. More recent examples do not have the quality or eye appeal, and have sold for around $10,000 and the current PCGS Price Guide value is $12,500. With a Mint State coin being worth in the $20,000+ range, this very high end AU58 has a lot to offer and we can see it bringing its previous auction record, or more, when it crosses the block in 2018! Cert. Number 25202587 PCGS # 8349

Coin Details

PCGS # Service Cert # PCGS Pop PCGS Pop Higher PCGS Price GuideSM Value Set Registry
8349 PCGS 25202587 11 6 $12,500.00 View a set that requires this coin
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