1871 CC Double Eagle: The 1871 CC Coronet Head Gold $20 Double Eagle is an iconic and rare coin that many collectors dream of owning. With its historical background and limited availability, it’s considered one of the most prized coins from the 19th century, especially among collectors interested in U.S. Mint coins. The “CC” on this coin stands for the Carson City Mint, one of the most renowned mints in U.S. history, which produced some of the most valuable coins today.
A Brief History of the 1871 CC Coronet Head Double Eagle
The 1871 CC Coronet Head $20 Double Eagle coin was minted at the Carson City Mint in Nevada. This mint opened in 1870 during the gold rush to process gold and silver found in the western United States. Gold from the region made its way to Carson City, where it was minted into Double Eagles and other coins. The $20 Double Eagle coin was a high-value currency at that time, and it was often used in large financial transactions.
Only about 17,387 of these coins were produced in 1871, making it an especially rare piece. Today, even fewer exist, as many coins were melted down over time, either for their gold content or due to wear and damage.
Characteristics of the 1871 CC Coronet Head Double Eagle
The 1871 CC Coronet Head Gold Double Eagle coin is made from 90% gold and 10% copper, making it durable while retaining a significant gold value. Here’s a summary of its main features:
| Feature | Specification |
|---|---|
| Composition | 90% Gold, 10% Copper |
| Diameter | 34 mm |
| Weight | 33.436 grams |
| Mint Mark | CC (Carson City Mint) |
| Obverse Design | Lady Liberty (Coronet Head) |
| Reverse Design | American Eagle with shield |
| Edge | Reeded |
| Year of Minting | 1871 |
| Total Mintage | Approximately 17,387 |
Why is the 1871 CC Double Eagle So Valuable?
- Limited Mintage: Only a small number of these coins were made, and even fewer exist today.
- Historical Significance: Minted during the peak of the gold rush era, this coin is a piece of American history.
- Rarity in Quality: Coins that have survived in high quality (such as those graded MS60 or higher) are especially rare and sought after by collectors.
- Carson City Mint Mark: Coins from the Carson City Mint, especially gold coins, tend to have high value due to their historical connection to the Old West.
Value and Grading of the 1871 CC Double Eagle
The value of the 1871 CC Double Eagle depends largely on its condition, or grade, determined by experts who assess wear, damage, and other factors. Coins with minimal wear may fetch hundreds of thousands of dollars, while those in mint condition are rare and can be even more valuable.
| Grade | Approximate Value (USD) |
|---|---|
| Fine (F) | $20,000 – $30,000 |
| Very Fine (VF) | $40,000 – $60,000 |
| Extremely Fine (EF) | $70,000 – $100,000 |
| About Uncirculated (AU) | $120,000 – $150,000 |
| Mint State (MS60) | $200,000+ |
Note: Values can fluctuate based on demand, economic factors, and recent auction sales.
Tips for Collecting Rare Coins Like the 1871 CC Double Eagle
- Do Your Research: Knowing the history and grading of coins can help you make better buying decisions.
- Consult Experts: Appraisers and grading companies can help verify the authenticity and condition of rare coins.
- Store Properly: Keeping coins in a controlled environment can preserve their condition and value over time.
- Stay Informed on Market Trends: Prices can change, so staying updated on market trends is essential for serious collectors.
FAQs
Why is the 1871 CC Double Eagle so rare?
It’s rare due to its low mintage and the historical significance of being minted at the Carson City Mint, which produced fewer coins than other mints.
How much gold is in the 1871 CC Double Eagle?
The coin is made of 90% gold, with each coin containing approximately 0.9675 ounces of gold.
Where can I buy an 1871 CC Double Eagle?
Trusted auction houses, coin dealers, and certified online marketplaces are good places to find authentic pieces.
What is the significance of the Carson City Mint?
The Carson City Mint is historically significant for its connection to the gold rush era and its production of limited-mintage coins, especially gold coins.
Can the value of the 1871 CC Double Eagle increase over time?
Yes, its value may increase as demand for rare and historic coins grows, especially for coins in high-quality condition.