The 1870-CC Coronet Head Gold $20 Double Eagle is a highly sought-after coin from the United States’ early gold coinage history. Minted in Carson City, Nevada, this coin has a special place in the hearts of collectors due to its rarity and connection to the Wild West era. The “CC” mint mark on this coin makes it one of the first coins to come from the Carson City Mint, which adds to its charm. In this article, we will explore the history, design, value, and other interesting facts about the 1870-CC Coronet Head Gold $20 Double Eagle.
History of the 1870-CC Coronet Head Gold $20 Double Eagle
The 1870-CC Coronet Head Gold $20 Double Eagle was produced at the Carson City Mint, which opened in 1870. This mint was established to process the large quantities of gold and silver found in the nearby Comstock Lode, one of the richest mineral strikes in American history. The 1870-CC Double Eagle was one of the first gold coins produced there, and it became a symbol of the booming economy and expansion of the United States.
This coin is notable because it was minted during a time when gold coins were widely used in commerce. The Double Eagle, with a face value of $20, was one of the largest denominations of its time, making it suitable for large transactions and a preferred choice for gold storage.
Design of the 1870-CC Coronet Head Gold $20 Double Eagle
The 1870-CC Coronet Head Gold $20 Double Eagle has a classic and elegant design. Let’s take a closer look at each side:
- Obverse (Front): The obverse features a portrait of Lady Liberty wearing a crown inscribed with the word “LIBERTY.” The design, created by James B. Longacre, symbolizes freedom and hope. Surrounding Liberty’s head are 13 stars representing the original states, with the year “1870” displayed below.
- Reverse (Back): The reverse side displays a majestic American eagle with a shield on its chest. Above the eagle is a banner with “E PLURIBUS UNUM,” which means “Out of Many, One.” The eagle holds an olive branch and arrows, symbolizing peace and strength. The words “UNITED STATES OF AMERICA” and “TWENTY D.” encircle the eagle, along with the “CC” mint mark.
- Metal Composition: This coin is made of 90% gold and 10% copper, weighing approximately 33.44 grams with a diameter of 34 mm.
Rarity and Value of the 1870-CC Coronet Head Gold $20 Double Eagle
The 1870-CC Double Eagle is extremely rare, making it highly valuable among collectors. Here’s why it stands out:
- Low Mintage: Only 3,789 coins were minted in 1870, making it one of the lowest-mintage coins in the Double Eagle series. Many of these coins were lost, melted, or worn out over time, leaving only a few surviving examples.
- Historical Significance: As one of the first coins produced by the Carson City Mint, the 1870-CC Double Eagle holds historical value. It represents the mining boom in Nevada and the importance of gold in the American economy during that time.
- High Auction Prices: Well-preserved examples of the 1870-CC Double Eagle can sell for hundreds of thousands of dollars, with some reaching over $1 million in auctions.
Why the 1870-CC Double Eagle Matters
The 1870-CC Coronet Head Gold $20 Double Eagle is more than just a coin; it’s a piece of American history. This coin captures the spirit of the Westward Expansion and the role of gold in shaping the nation’s economy. For collectors, owning this coin means having a direct link to the past and the adventure of the gold rush era. Its limited supply, combined with its story, makes it one of the most desired coins in American numismatics.
Table: Quick Facts about the 1870-CC Coronet Head Gold $20 Double Eagle
| Feature | Details |
|---|---|
| Year Minted | 1870 |
| Mint Location | Carson City, Nevada (CC Mint Mark) |
| Designer | James B. Longacre |
| Metal Content | 90% Gold, 10% Copper |
| Weight | 33.44 grams |
| Diameter | 34 mm |
| Mintage | 3,789 |
| Known to Exist | Fewer than 100 |
| Record Sale Price | Over $1,000,000 |
Conclusion
The 1870-CC Coronet Head Gold $20 Double Eagle is a true treasure for coin enthusiasts and history lovers alike. Its rarity, combined with its rich history, makes it a symbol of America’s past. The connection to the Carson City Mint and the era of the Wild West gives this coin a story that goes beyond its gold content. As a collector’s item, it remains a valuable piece that many wish to add to their collection, making it an important part of numismatic history. Owning this coin is like holding a small piece of the adventure and spirit that built the American West.
FAQ’s
1. Why is the 1870-CC Coronet Head Gold $20 Double Eagle so valuable?
Its value comes from its low mintage, historical significance, and connection to the Carson City Mint, making it a rare find.
2. How many 1870-CC Double Eagles were minted?
Only 3,789 coins were minted, making it one of the scarcest Double Eagle coins.
3. What is the metal composition of the 1870-CC Double Eagle?
The coin is made of 90% gold and 10% copper, with a weight of approximately 33.44 grams.
4. Where was the 1870-CC Coronet Head Double Eagle minted?
It was minted at the Carson City Mint in Nevada, which used the “CC” mint mark.
5. How much can a 1870-CC Double Eagle sell for?
Depending on its condition, it can sell for hundreds of thousands to over $1 million in auctions.