Coin collecting is more than just a hobby—it’s a way to connect with history. The American Numismatic Association (ANA) auctions are always an exciting event for collectors, especially when rare and valuable coins like the Coronet gold $20 double eagles are up for sale. Heritage Auctions is preparing for the ANA Platinum Night auction from August 13 to 18, where two standout coins are getting the spotlight. These double eagles, particularly the 1870-CC $20 coin, are highly sought after because of their rarity and historical significance.
| Aspect | Details |
|---|---|
| Coin Name | 1870-CC $20 Double Eagle |
| Mint Location | Carson City Mint (CC) |
| Year of Mintage | 1870 |
| Total Coins Minted | 3,789 |
| Estimated Surviving Examples | Approximately 65 in all grades |
| Grading | NGC Extremely Fine 45 (EF-45) |
| Condition | Light wear, minor abrasions, sharp reverse |
| Historical Significance | One of the rarest coins from the Carson City Mint |
| Estimated Value | Previous sale in 2021: $384,000 |
| Upcoming Auction Date | August 13–18, 2024 |
| Auction Location | Heritage Auctions, Dallas |
What are Coronet Gold $20 Double Eagles?
What Makes the Coronet Gold $20 Double Eagle Special?
The Coronet gold $20 double eagle is one of the most iconic U.S. coins. Minted in the late 19th and early 20th centuries, these coins are named for the “coronet” or crown design featured on the head of Lady Liberty. Each coin contains nearly one ounce of gold, making them highly valuable both for their gold content and their historical value. These coins were issued as $20 currency but are worth much more today due to their rarity.
The 1870-CC $20 Double Eagle: A Rare Coin
Why is the 1870-CC $20 Double Eagle So Special?
The 1870-CC $20 double eagle is a famous coin, known for its rarity and its connection to the Carson City Mint. The Carson City Mint produced only a limited number of these coins, and many were melted down or lost over time. According to numismatic expert Rusty Goe, only around 65 examples of this coin exist in all grades, making it one of the rarest coins in American history.
This particular coin is one of the most coveted among collectors because it is the only known issue from the Carson City Mint for that year, and it is not found in Mint State condition. Mint State coins are those in perfect condition, but no examples of the 1870-CC $20 double eagle are in that grade. However, even coins that are not in perfect condition can still fetch a high price because of their rarity.
The Heritage Auction: What to Expect
Heritage Auctions and the ANA Event
Heritage Auctions is a leading name in the world of coin auctions. They are preparing for the ANA Platinum Night auctions, which will take place at Heritage’s Dallas headquarters. Coin collectors and enthusiasts from around the world will have a chance to view these coins at the ANA World’s Fair of Money convention, happening in Chicago from August 6 to 10.
Among the highlights of the auction are the 1870-CC $20 double eagle and other valuable coins, which are expected to draw the attention of serious collectors. With such a rare coin on the auction block, the event promises to be an exciting one for numismatists and investors alike.
Grading and Value of the 1870-CC $20 Double Eagle
What is the Grading of the Coin?
The 1870-CC $20 double eagle being sold by Heritage Auctions is graded as “Extremely Fine 45” by the Numismatic Guaranty Co. (NGC). This grading means the coin has some wear but still retains most of its original details. It shows light wear, with a sharper reverse (back) than obverse (front), and the orange-gold surfaces have minor abrasions that are expected for a coin of this grade. Despite the wear, the coin remains in very good condition for its age.
The Value of the 1870-CC $20 Double Eagle
How Much Could This Coin Be Worth?
The value of rare coins like the 1870-CC $20 double eagle can be hard to predict, as it depends on the condition of the coin and the market at the time of the auction. However, a similar coin with the same grading was sold by Heritage Auctions in April 2021 for an impressive $384,000. This gives collectors an idea of what to expect, but the actual sale price could vary depending on demand and interest from potential buyers at the upcoming ANA auction.
Conclusion
The 1870-CC $20 double eagle is a rare and valuable coin, highly sought after by collectors due to its limited number and historical significance. Even though no examples of the coin exist in perfect condition, those that do survive in decent condition, such as the one being auctioned at Heritage, are still considered valuable treasures. Whether you’re a seasoned collector or a newcomer to the world of numismatics, events like the ANA Platinum Night auction provide an exciting opportunity to own a piece of American history.
As rare coins like the 1870-CC $20 double eagle go up for auction, collectors from around the world will eagerly follow the event, hoping to add these iconic pieces to their collections. The auction is not only about buying valuable coins but also about preserving the legacy of these historical artifacts for future generations.
FAQs
1. Why is the 1870-CC $20 Double Eagle so valuable?
The 1870-CC $20 Double Eagle is highly valued due to its rarity. Only a few examples exist, with only around 65 surviving in various grades. It was minted in Carson City, Nevada, which produced very limited numbers of coins. The coin’s historical significance, combined with its rarity, makes it a prized possession for collectors.
2. What does “Extremely Fine 45” mean in coin grading?
“Extremely Fine 45” is a coin grading term used by the Numismatic Guaranty Co. (NGC) to describe the condition of the 1870-CC $20 Double Eagle. It means the coin has seen light wear, but most of its original details are still visible. The reverse side of the coin is sharper than the obverse, and the coin has minor abrasions expected for its age.
3. What was the mintage of the 1870-CC $20 Double Eagle?
The mintage of the 1870-CC $20 Double Eagle was only 3,789 coins. Due to the limited number produced and many being lost or melted down, it is one of the rarest coins in American numismatics today.
4. How does the 1870-CC $20 Double Eagle compare to other coins from the Carson City Mint?
The 1870-CC $20 Double Eagle is considered one of the most famous and valuable coins from the Carson City Mint, especially since no examples have survived in Mint State (perfect condition). This rarity increases its value significantly compared to other coins from the same mint, making it a sought-after item for collectors.
5. How much did a similar 1870-CC $20 Double Eagle sell for in previous auctions?
In April 2021, a coin of similar grade (Extremely Fine 45) was sold for $384,000 at a Heritage Auctions event. The price reflects the coin’s rarity, condition, and the demand in the market at the time.