The 1871 CC Coronet Head Gold $20 Double Eagle is a rare and highly sought-after coin by collectors. Minted in Carson City, Nevada, this coin holds significant value not only because of its age but also due to the small mintage. The Double Eagle coin is one of the most famous gold coins in U.S. history, and the 1871 version from the Carson City Mint is particularly special.
Introduction to the 1871 CC Coronet Head Gold $20 Double Eagle
The 1871 CC Coronet Head Gold $20 Double Eagle coin represents a key moment in U.S. minting history. Produced during a time of economic growth, the coin features a striking design that captures the essence of American gold currency. For collectors, it’s a piece of history that’s both valuable and beautiful. The 1871 CC coin is one of the rarest and most desirable in the series, making it a top choice for numismatists and investors alike.
The History of the 1871 CC Coronet Head Gold $20 Double Eagle
The U.S. Mint introduced the $20 Double Eagle in 1849, and it became the standard gold coin for large transactions in the 19th century. The Coronet Head design, which graced the coin from 1849 to 1907, was created by James B. Longacre. The 1871 CC version was minted in Carson City, which was one of the U.S. Mint facilities known for producing a relatively small number of coins compared to other mints. As a result, the Carson City coins, including the 1871 CC Double Eagle, are much rarer.
Features of the 1871 CC Coronet Head Gold $20 Double Eagle
The 1871 CC Coronet Head Gold $20 Double Eagle has two main features that make it stand out: its unique design and its rarity.
1. Design
The obverse of the coin features Lady Liberty in a coronet (crown), facing to the left. Surrounding her is the inscription “LIBERTY” along with the date “1871”. The reverse side displays an eagle holding an olive branch and arrows, with a shield on its chest, along with the motto “E PLURIBUS UNUM” and “UNITED STATES OF AMERICA”. The phrase “TWENTY DOLLARS” is prominently displayed, indicating the coin’s value.
2. Rarity and Mintage
Only a small number of 1871 CC Double Eagles were minted. The total mintage for the year was just 15,000 coins, which is considered very low. Of these, many were either lost, damaged, or melted down over time, making surviving examples scarce and highly valuable.
The Value of the 1871 CC Coronet Head Gold $20 Double Eagle
The value of an 1871 CC Coronet Head Gold $20 Double Eagle depends on several factors, including its condition and rarity. Coins that are in better condition (graded higher by professional numismatists) are worth much more than those in lower grades. The price can range from a few thousand dollars for coins in lower grades to over $100,000 for well-preserved, high-grade examples.
Factors Affecting the Value
- Condition/Grade: Coins are graded by professional organizations like the Numismatic Guaranty Corporation (NGC) or the Professional Coin Grading Service (PCGS). Higher grades (like MS-62 or MS-63) are worth significantly more than lower-grade coins.
- Rarity: Given the low mintage, the 1871 CC coin is already considered rare, but the condition plays a crucial role in determining its market price.
- Demand: As with any collectible, the demand for the coin among collectors and investors influences its price. The rarer and more historically significant the coin, the more likely it will fetch a high price.
Where to Find and Buy the 1871 CC Coronet Head Gold $20 Double Eagle
Finding an 1871 CC Coronet Head Gold $20 Double Eagle can be a challenge due to its rarity. However, collectors can look for the coin through reputable dealers, auctions, or numismatic events. Online marketplaces and coin shops also provide opportunities to purchase these valuable coins, but it’s essential to verify authenticity and the condition before buying.
Table: 1871 CC Coronet Head Gold $20 Double Eagle Specifications
| Feature | Details |
|---|---|
| Mint Year | 1871 |
| Mintmark | CC (Carson City) |
| Denomination | $20 |
| Metal | Gold (90% gold, 10% copper) |
| Diameter | 34 mm |
| Weight | 33.44 grams (1.075 troy ounces) |
| Design | Coronet Head (obverse) & Eagle (reverse) |
| Mintage | 15,000 coins (low mintage) |
Conclusion
The 1871 CC Coronet Head Gold $20 Double Eagle is a highly collectible and valuable coin due to its rarity and historical importance. With only 15,000 minted, it stands as a reminder of the United States’ gold coinage during the 19th century. Whether you’re a seasoned collector or a beginner, owning an 1871 CC Double Eagle is a prestigious achievement. As the market for rare coins continues to grow, this coin remains a symbol of American numismatic history, offering both beauty and potential value.
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FAQs
1. Why is the 1871 CC Coronet Head Gold $20 Double Eagle so valuable?
The coin is valuable because of its low mintage, historical significance, and the fact that many were lost or melted down over time. This makes surviving examples scarce and highly prized by collectors.
2. How can I determine the value of my 1871 CC Coronet Head Gold $20 Double Eagle?
The value depends on the coin’s grade (condition) and demand in the market. Coins graded higher will be worth more. It’s best to get the coin professionally graded by organizations like NGC or PCGS to get an accurate value.
3. Is the 1871 CC Coronet Head Gold $20 Double Eagle a good investment?
As a rare and historically significant coin, the 1871 CC is a good investment for collectors. Its value has increased over time due to its rarity and the growth in demand for gold coins.
4. How do I authenticate an 1871 CC Coronet Head Gold $20 Double Eagle?
To authenticate the coin, consider having it inspected and graded by a reputable professional numismatist or a certified grading service such as NGC or PCGS.
5. Where can I buy the 1871 CC Coronet Head Gold $20 Double Eagle?
The 1871 CC coin can be purchased through reputable coin dealers, auction houses, and online numismatic marketplaces. Ensure the coin’s authenticity and condition before making a purchase.