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Lot: 2224
Auction: 1116
1870-CC 50C AU50 NGC....
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Sold for: Sign-in or Join (free & quick) (includes BP) Bid Source: Internet
Ended: Sep 17, 2008
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Buyer's Premium: 15% of the successful bid (minimum $9.00 per lot)
Auction Name: 2008 September Long Beach, CA US Coin Signature Auction #1116
Description: Heritage Numismatic Auctions offers U.S. and World coins, medals, and tokens in our Signature Auctions & Final Session Sales, held in conjunction with some of the largest numismatic conventions. These sales feature award-winning cataloging and photography. Call or e-mail one of our Consignment Directors to learn about selling through Heritage.
Auction Type: Signature: !! Heritage Live: After Internet bidding closes, live bidding will take place through www.HA.com/Live. Your secret maximum bid placed prior to the live event will compete against the live bids. To maximize your chances of winning, enter realistic secret maximum bids on our site. Many of our proxy bidders are successful at winning lots in these auctions, and usually below their secret maximum. You can also place last minute bids directly with us by e-mailing Bid@HA.com or calling 1-866-835-3243. (Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.)

This lot is in:  Signature Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live) (lots 1-4546)
Internet bidding ends at 10:00PM CT the night before the floor session for this lot. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.

Item Activity: 4 Internet/mail bidders, 455 page views

Description
1870-CC 50C AU50 NGC. As is the case with the many other issues struck in the first year of operation for the Carson City Mint, the 1870-CC halves rank as the most challenging and desirable within their series, though their high production compared to other denominations (54,617 pieces) means that they are relatively affordable in most grades. While collectors in the 1970s and earlier considered the 1870-CC a rarity in any grade, according to Rusty Goe's The Mint on Carson Street, after the rumors of a hoard of nearly 100 1870-CC halves proved true, numismatists revised their estimates.
Though the issue became "scarce in all grades" instead of rare, most of the survivors in that hoard were low-grade pieces, and the populations of high-end (XF and better) coins remained nearly stable. The 1980s also saw a marked rise in collector interest in the coins of Carson City, and though this interest extended through all grade levels, the best pieces gained the most from this added attention, and even in the past decade, one can chart the dramatic spike in price for better circulated pieces in general and About Uncirculated coins in particular.
The present coin is surprisingly well-defined for an early Carson City product, particularly on Liberty's hair and foot and on the eagle's feathers. Modest, yet distinct wear affects Liberty's upper body on the obverse and the eagle's beak and arrowheads on the reverse. The fields remain softly lustrous beneath elegant green-gold and sage patina. Minimally marked and highly attractive, a winning candidate for the discerning Carson City silver specialist. Census: 3 in 50, 2 finer (7/08).(Registry values: N7079) (#6328)



Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 430, Lot 3494 Saturday, February 17, 2007 50 ANACS $12,650.00
Auction 271, Lot 6851 Thursday, October 4, 2001 50 PCGS $16,675.00
Auction 232, Lot 6003 Monday, August 7, 2000 50 PCGS $18,400.00
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