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CSNS Signature US Coin Sale 1254  26-28 Apr 2017
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Lot 4118

Estimate: 1 USD
Price realized: 34 000 USD
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Seated Dollars
1872-CC $1 MS62 PCGS. OC-1, High R.3. The 1872-CC is a rare and highly respected Seated dollar. Only 3,150 pieces were produced. The four Carson City issues are usually compared to each other and evaluations are made on each year's merits relative to the other ones. Such as, "the 1872-CC is the second most 'common' Carson City Seated dollar, and it is appreciably rarer than the '70-CC in all grades." The fact is, all four Carson City dollars are rare in the absolute sense and are among the rarest of all Seated dollars, and terms such as "second most common" only make sense when placed in the context of the series of these four major rarities. Rusty Goe estimates only 250 to 300 coins survive of the 1872-CC in all grades. Broken down further, a mere 16 to 19 pieces are believed extant in Uncirculated condition.
In addition to the 1872-CC being an absolute rarity, it is also a major condition rarity in Mint State. This is a bright, semiprooflike representative, not unexpected given the tiny mintage, and also a trait frequently seen on many Seated dollars. Sharply struck throughout, the definition on the eagle's plumage is especially strong and the peripheral stars are completely defined. Just the slightest accent of golden color covers each side with strong mint brilliance in evidence just beneath this light overlay of patina. Population: 5 in 62, 3 finer (1/17).
Ex: FUN Signature (Heritage, 1/2004), lot 2103; Jack Lee Collection, III / Dallas Signature (Heritage, 11/2005), lot 2230; Central States Signature (Heritage, 4/2014), lot 5628.
From The Mesquite Collection.

HID02901242017
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