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CSNS Signature US Coin Sale 1254 26-28 Apr 2017
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Seated Dimes
1871-CC 10C F-101, R.4, MS65 PCGS Secure. Dimes were struck for the first time at the Carson City Mint in 1871, when a modest mintage of 20,100 pieces was accomplished. Because there was no interest in collecting branch mint issues at that time, it is unlikely that any high-quality examples were saved for numismatic purposes. As a result, only a few Mint State coins survive today and the 1871-CC is one of the major keys to the Seated dime series. On the PCGS CoinFacts website, Ron Guth notes:
"The 1871-CC Dime is one of the stars of the Carson City coins, primarily because of its inherent rarity and the paucity of Mint State examples. After some confusion about crossovers, resubmissions, etc. a clear picture has emerged of the members of the Mint State 'club' and it shows that there are, at best, five Uncirculated 1871-CC Dimes. The best is the NGC MS65 from the Eugene Gardner Collection that sold recently for a record price of $270,250."
The coin offered here is the Gardner example Ron Guth refers to above, now PCGS certified. It is likely this piece was the coin offered to Stack's by B.G. Johnson in a July 21, 1943-dated invoice, where it was described as, "1871-CC Mint, Bril. proof and of the most excessive rarity in this condition." The invoice is marked "AUG 27 PAID." Prominent collector James Stack (no relation to the coin firm, but a good customer of theirs) acquired the coin at an early date and preserved it in his collection, which was only dispersed long after his death in several sales by the Stack's firm. The 1871-CC dime was offered in their January 1990 offering as lot 146:
"1871'CC' Gem Brilliant Uncirculated. A wholly prooflike example, sharply struck and cameolike. In fact, without looking for the mintmark, one could easily be lulled into thinking it a Proof! The coin has beautiful light to medium iridescent toning. This cataloguer described the example in our Holmes Sale in 1960 (the only other Mint State example known) and in his opinion, the present coin is more beautiful. A great rarity in extraordinary condition, all of the ingredients for a record price."
In fact, the uncertified James A. Stack coin did realize a record price for the time (and in a notably weak coin market overall, which had largely tanked in the second half of 1989), bringing in a healthy $50,600. It has changed hands infrequently since then, most notably appearing in the fabulous collection of Gene Gardner in October 2014, as noted by Ron Guth above. We have compiled a roster of recent appearances of Mint State specimens of the 1871-CC dime below.
The present coin is a spectacular Gem with incredible eye appeal to match its highest available technical quality and absolute rarity. The reflective surfaces are prooflike throughout -- a trait often seen on the few Mint State 1871-CC dimes known -- and highly reflective under a layer of lovely pink and blue patina on both sides. The strike is quite sharp on all details front and back, and even a loupe reveals no mentionable distractions. We expect intense competition from series specialists when this lot is called. Population: 1 in 65, 0 finer (3/17).
Recent Appearances of Mint State 1871-CC Dimes
Given likely duplications in certified population data, there may be as few as four or five Mint State examples known. The following roster was compiled with the help of Ron Guth, President PCGS CoinFacts.
1. PCGS MS65. James A. Stack, Sr.; James A. Stack, Sr. Collection (Stack's, 1/1990), lot 146; Pre-Long Beach Sale (Superior, 2/2003), lot 1358 (as NGC MS65), not sold; Baltimore Auction (Bowers & Merena, 3/2005), lot 443 (as NGC MS65), realized $230,000; Eugene Gardner Collection (Heritage, 10/2014), lot 98271 (as NGC MS65 1664785-001), realized $270,250; Central States Signature (Heritage, 4-5/2016), lot 4576 (as NGC SP65), not sold. The present coin.
2. PCGS MS63. Harold M. Budd, Sr.; Numismatic Gallery (Abe Kosoff and Abner Kreisberg); Imperial Coin Company (Ben Stack), sold privately on 7/29/1954; Norweb Collection (Bowers & Merena, 10/1987), lot 529, realized $12,100; Auction '88 (RARCOA, 7/1988), lot 1630; Waldo E. "Pat" Bolen, Jr. Collection; Numisma '95 (Stack's/RARCOA/Akers, 11/1995), lot 2134 (as Raw Gem Uncirculated), realized $34,100; Kennywood Collection (American Numismatic Rarities, 1/2005), lot 373 (as PCGS MS62), realized $75,900; Rusty Goe, sold privately in 1/2005; Battle Born Collection (Stack's Bowers, 8/2012), lot 11102 (as PCGS MS63), realized $97,750.
3. PCGS MS62. Metropolitan New York Convention Sale (NERCA, 3/1977), lot 115; Lovejoy Collection (Stack's, 10/1990), lot 370; Baltimore Auction (Bowers & Merena, 3/2005), lot 444, realized $51,750; Los Angeles Signature (Heritage 7/2009), lot 1068 (as NGC MS62 1969967-007), realized $46,000; Houston Signature (Heritage, 12/2009), lot 394 (as NGC MS62 1969967-007), not sold; Boston ANA Signature (Heritage, 8/2010), lot 3084 (as NGC MS62 1969967-007), not sold; Sunday Internet Auction (Heritage, 2/2011), bought in; Pre-Long Beach Sale (Goldbergs, 6/2014), lot 340 (as PCGS MS62), realized $82,250.
4. NGC MS62. A previously unrecorded example that is also offered in the present sale.
5. NGC MS61. FUN Signature (Heritage, 1/2006), lot 129 (as NGC MS61 303573-011), not sold; Palm Beach Signature (Heritage, 3/2006), lot 450 (as NGC MS61 303573-011), realized $46,000; Old West and Franklinton Collections (American Numismatic Rarities, 8/2006), lot 323 (as NGC MS61), realized $49,450; Tuesday Internet Coin Auction (Heritage, 10/2006), lot 13415 (as NGC MS61 303573-011), not sold; FUN Signature (Heritage, 1/2007), lot 872 (as NGC MS61 303573-011), realized $48,875.
6. NGC MS61. Genoa Mill Collection / Chicago ANA (Stack's Bowers, 8/2015), lot 10063, realized $30,550.
7. BU. Milton Holmes Collection (Stack's, 10/1960), lot 2782; Krugjohann II (Bowers and Ruddy, 11/1976), lot 57.
HID02901242017
1871-CC 10C F-101, R.4, MS65 PCGS Secure. Dimes were struck for the first time at the Carson City Mint in 1871, when a modest mintage of 20,100 pieces was accomplished. Because there was no interest in collecting branch mint issues at that time, it is unlikely that any high-quality examples were saved for numismatic purposes. As a result, only a few Mint State coins survive today and the 1871-CC is one of the major keys to the Seated dime series. On the PCGS CoinFacts website, Ron Guth notes:
"The 1871-CC Dime is one of the stars of the Carson City coins, primarily because of its inherent rarity and the paucity of Mint State examples. After some confusion about crossovers, resubmissions, etc. a clear picture has emerged of the members of the Mint State 'club' and it shows that there are, at best, five Uncirculated 1871-CC Dimes. The best is the NGC MS65 from the Eugene Gardner Collection that sold recently for a record price of $270,250."
The coin offered here is the Gardner example Ron Guth refers to above, now PCGS certified. It is likely this piece was the coin offered to Stack's by B.G. Johnson in a July 21, 1943-dated invoice, where it was described as, "1871-CC Mint, Bril. proof and of the most excessive rarity in this condition." The invoice is marked "AUG 27 PAID." Prominent collector James Stack (no relation to the coin firm, but a good customer of theirs) acquired the coin at an early date and preserved it in his collection, which was only dispersed long after his death in several sales by the Stack's firm. The 1871-CC dime was offered in their January 1990 offering as lot 146:
"1871'CC' Gem Brilliant Uncirculated. A wholly prooflike example, sharply struck and cameolike. In fact, without looking for the mintmark, one could easily be lulled into thinking it a Proof! The coin has beautiful light to medium iridescent toning. This cataloguer described the example in our Holmes Sale in 1960 (the only other Mint State example known) and in his opinion, the present coin is more beautiful. A great rarity in extraordinary condition, all of the ingredients for a record price."
In fact, the uncertified James A. Stack coin did realize a record price for the time (and in a notably weak coin market overall, which had largely tanked in the second half of 1989), bringing in a healthy $50,600. It has changed hands infrequently since then, most notably appearing in the fabulous collection of Gene Gardner in October 2014, as noted by Ron Guth above. We have compiled a roster of recent appearances of Mint State specimens of the 1871-CC dime below.
The present coin is a spectacular Gem with incredible eye appeal to match its highest available technical quality and absolute rarity. The reflective surfaces are prooflike throughout -- a trait often seen on the few Mint State 1871-CC dimes known -- and highly reflective under a layer of lovely pink and blue patina on both sides. The strike is quite sharp on all details front and back, and even a loupe reveals no mentionable distractions. We expect intense competition from series specialists when this lot is called. Population: 1 in 65, 0 finer (3/17).
Recent Appearances of Mint State 1871-CC Dimes
Given likely duplications in certified population data, there may be as few as four or five Mint State examples known. The following roster was compiled with the help of Ron Guth, President PCGS CoinFacts.
1. PCGS MS65. James A. Stack, Sr.; James A. Stack, Sr. Collection (Stack's, 1/1990), lot 146; Pre-Long Beach Sale (Superior, 2/2003), lot 1358 (as NGC MS65), not sold; Baltimore Auction (Bowers & Merena, 3/2005), lot 443 (as NGC MS65), realized $230,000; Eugene Gardner Collection (Heritage, 10/2014), lot 98271 (as NGC MS65 1664785-001), realized $270,250; Central States Signature (Heritage, 4-5/2016), lot 4576 (as NGC SP65), not sold. The present coin.
2. PCGS MS63. Harold M. Budd, Sr.; Numismatic Gallery (Abe Kosoff and Abner Kreisberg); Imperial Coin Company (Ben Stack), sold privately on 7/29/1954; Norweb Collection (Bowers & Merena, 10/1987), lot 529, realized $12,100; Auction '88 (RARCOA, 7/1988), lot 1630; Waldo E. "Pat" Bolen, Jr. Collection; Numisma '95 (Stack's/RARCOA/Akers, 11/1995), lot 2134 (as Raw Gem Uncirculated), realized $34,100; Kennywood Collection (American Numismatic Rarities, 1/2005), lot 373 (as PCGS MS62), realized $75,900; Rusty Goe, sold privately in 1/2005; Battle Born Collection (Stack's Bowers, 8/2012), lot 11102 (as PCGS MS63), realized $97,750.
3. PCGS MS62. Metropolitan New York Convention Sale (NERCA, 3/1977), lot 115; Lovejoy Collection (Stack's, 10/1990), lot 370; Baltimore Auction (Bowers & Merena, 3/2005), lot 444, realized $51,750; Los Angeles Signature (Heritage 7/2009), lot 1068 (as NGC MS62 1969967-007), realized $46,000; Houston Signature (Heritage, 12/2009), lot 394 (as NGC MS62 1969967-007), not sold; Boston ANA Signature (Heritage, 8/2010), lot 3084 (as NGC MS62 1969967-007), not sold; Sunday Internet Auction (Heritage, 2/2011), bought in; Pre-Long Beach Sale (Goldbergs, 6/2014), lot 340 (as PCGS MS62), realized $82,250.
4. NGC MS62. A previously unrecorded example that is also offered in the present sale.
5. NGC MS61. FUN Signature (Heritage, 1/2006), lot 129 (as NGC MS61 303573-011), not sold; Palm Beach Signature (Heritage, 3/2006), lot 450 (as NGC MS61 303573-011), realized $46,000; Old West and Franklinton Collections (American Numismatic Rarities, 8/2006), lot 323 (as NGC MS61), realized $49,450; Tuesday Internet Coin Auction (Heritage, 10/2006), lot 13415 (as NGC MS61 303573-011), not sold; FUN Signature (Heritage, 1/2007), lot 872 (as NGC MS61 303573-011), realized $48,875.
6. NGC MS61. Genoa Mill Collection / Chicago ANA (Stack's Bowers, 8/2015), lot 10063, realized $30,550.
7. BU. Milton Holmes Collection (Stack's, 10/1960), lot 2782; Krugjohann II (Bowers and Ruddy, 11/1976), lot 57.
HID02901242017