The 1870-CC Liberty Head Double Eagle is one of the most sought-after coins in American numismatics, thanks to its rarity, historical significance, and connection to the Carson City Mint. As part of the U.S. Mint’s Gold Coin series, the 1870-CC Double Eagle stands out as an exceptional example of American coinage from the late 19th century. For collectors and investors alike, this coin is a key piece in understanding the legacy of the Liberty Head design, the Carson City Mint, and the role of gold in the U.S. economy during this period.
Historical Background
The Liberty Head Double Eagle was introduced in 1849, a time when gold was being mined in abundance, particularly from California, and the U.S. needed higher-denomination coins for trade. The 20-dollar coin, also known as the Double Eagle, was designed by James B. Longacre and featured Lady Liberty on the obverse. The reverse depicted a heraldic eagle with a shield, symbolizing the strength of the U.S. economy.
Design and Features
The obverse of the 1870-CC Liberty Head Double Eagle features a classic portrayal of Lady Liberty facing left, with her hair tied up in a bun and a coronet inscribed with the word “LIBERTY.” The design is surrounded by 13 stars representing the original colonies, and the inscription “UNITED STATES OF AMERICA” is placed at the top. Below Liberty’s portrait is the date “1870.”
Rarity and Mintage
One of the defining features of the 1870-CC Liberty Head Double Eagle is its rarity. The total mintage for this particular year is estimated to be just 3,789 coins, making it one of the most limited production coins in the entire Liberty Head series. The low mintage, combined with the fact that many of these coins were melted down or lost over the years, has made the 1870-CC Double Eagle highly sought after by collectors.
In addition to its low mintage, the condition of surviving examples plays a significant role in determining the value of the 1870-CC Liberty Head Double Eagle. Coins in higher grades, such as Mint State or Extremely Fine, are far rarer and more valuable than coins in lower grades. Given the historical importance of the coin and its scarcity, even lower-grade examples are highly regarded in the numismatic community.
Value and Investment Potential
The value of the 1870-CC Liberty Head Double Eagle varies greatly depending on its grade and condition. In general, the coin is considered to be a significant investment for collectors due to its rarity and historical importance. At the time of writing, prices for well-worn examples (such as those in Fine or Very Fine condition) typically start in the mid to high five-figure range. In contrast, coins in higher grades can easily reach six figures or more, with particularly well-preserved examples fetching even higher prices at auction.
Conclusion
The 1870-CC Liberty Head Double Eagle is a remarkable coin with significant historical and numismatic importance. Its rarity, beautiful design, and connection to the Carson City Mint make it a coveted piece for collectors and investors. With a limited mintage and a reputation for quality, the 1870-CC Double Eagle remains a key item in the numismatic world. Whether you are a seasoned collector or a newcomer looking to build an investment-grade collection, this coin offers both a fascinating history and long-term potential for appreciation.
FAQs
Why is the 1870-CC Liberty Head Double Eagle so valuable?
The 1870-CC Liberty Head Double Eagle is valuable due to its low mintage, rarity, and connection to the Carson City Mint. Coins from this mint are generally more scarce and desirable.
What is the condition of an 1870-CC Liberty Head Double Eagle worth?
The value of the 1870-CC Double Eagle varies greatly depending on its grade. Coins in higher grades, such as Mint State or Extremely Fine, are more valuable than those in lower grades.
How can I determine the value of my 1870-CC Liberty Head Double Eagle?
The value of your coin can be determined by its condition, mintage, and rarity. To get an accurate value, consider having the coin professionally graded by a reputable grading service like the PCGS or NGC.