1876-CC Liberty Head Eagle. AU-50 (PCGS).An impressively sharp example of this scarce Carson City issue. The surfaces are overall glossy and painted in yellow-gold hues, with areas of deeper sandy patina throughout. Considerable luster remains in the protected areas and testifies to the overall superior preservation. Scattered abrasions are visible in the fields though none of these are individually distracting, and the strike remains uniformly bold for this issue. A truly important piece for collectors of Liberty Head gold. All three coinage facilities that produced eagles in 1876 turned out very small quantities of this denomination. The Specie Payment Resumption Act of January 14, 1875, ensured a focus on subsidiary silver coin production the following year in anticipation of the impending return of such pieces to widespread domestic circulation (which took place on a wide scale beginning on April 20, 1876). Double eagle coinage was also a priority for the United States Mint in 1876 as the nation struggled to increase its gold reserves in competition with Germany and other European nations that had adopted the gold standard early in the 1870s. All of this activity came at the expense of the lower gold denominations as converting a given amount of bullion to double eagles was most efficient. Indeed, the mintage for the 1876-CC ten amounted to just 4,696 pieces, only 100 to 200 examples of which have survived in all grades. With AUs particularly elusive in todays market and Mint State coins unknown, the present offering is sure to be of keen interest to advanced collectors.PCGS Population: 10; 12 finer through AU-58.
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