Lot 1286
1882-CC. PCGS graded MS-61. Frosty and untoned. Only 82,817 struck. A beautiful, frosty-gold MS61, there are no unsettling bagmarks on either side and the luster beams with lovely pinkish gold hues. Fresh and original. Broadly and well struck on the legends and main device, as well, which oddly enough is usual for '82-CC and one of the better struck Half Eagles from this mint. Everything shows bold detail at the centers and on the legends and stars. Pop 10; 6 finer in 62. (PCGS # 8359) .
Historic Note: Randy Goe, in his account of the coins minted at Carson, Nevada, has this to say about the 1882-CC $5: "After years of declining gold coin production at the Carson City Mint, 1882 brought on a slight resurgence. New mineral ore discoveries had been made on the Comstock, producing yields that previously would have hardly aroused attention, but in these lean times, it helped. Miners realized that lower outputs were not worth negotiating with out of state brokers, making it more expedient to deposit their bullion at the Carson Mint.
"As a result, double eagle coinage was resumed and gold coin production increased from $309,580 in 1881 to over $1.26 million in 1882. Gold eagles accounted for only 5½% of this total, as half eagle production reached record levels.
"This proved to be Carson City's most productive year for half eagles in its first 13 years of operation… Yet because of the large quantity minted, the number of pieces that circulated locally was substantially greater than any other dates from the 1870s and 1880s…".
Estimated Value $8,000 - 8,500.
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| Realized $10,575 |
