1872 was the third year of operation at the Carson City Mint. Gold bullion steadily poured into the facility, a marked improvement over the first two years. The total $20 double eagle “CC” production for 1872 was 26,900 pieces. Seemingly modest, but more than the output of 1870 and 1871 Carson double eagles combined.(1)
For the first three years of the branch mint’s existence, its coins largely remained in the “hard money” economy of the American West, where it circulated extensively.(2)
The 1872-CC double eagle, nor its contemporaries, was preserved for numismatic purposes. Few people could idle a $20 coin in an era where the average farm worker earned just $23 per month, and industrial laborers made only $129 annually.
Fascinating Fact: Scholars cannot say definitively how many 1872-CC double eagles were struck. Discrepant numbers in the Carson Mint’s records have created confusion. The mintage reported in the Redbook is 26,900, but there is some inconclusive evidence to suggest there were actually 29,650 pieces struck. We will probably never know.(3)
The 1872 $20 double eagle is not as rare as its two predecessors (the 1870-CC and 1871-CC double eagles), but it is scarce in all grades and one of the most desired dates in the long-running Coronet double eagle series.
In general, coins from the first three years of the Carson City Mint are especially revered by collectors. Because of their rich numismatic legacies, quite a few of these “CC” coins merit a home on the Key Date List of recommendations.
In the minds of serious collectors, few coins are more enticing than a large, rare gold piece struck during the startup years of the fabled Carson frontier mint. No wonder the 1872-CC double eagle has consistently soared in value for as long as anyone can remember.
|Estimated survivors in all grades: 402
? The survivor estimate from PCGS represents an average of one or more experts' opinions as to how many examples survive of a particular coin in all grades. Survival estimates include coins that are raw, certified by PCGS, and certified by other grading services.
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|PCGS Rarity Scale: 6.1
? The 'PCGS CoinFacts Rarity Scale' assesses the relative rarity of all U.S. coins, based on estimated surviving examples. The scale runs from 1.0 to 10.0. The higher the number, the rarer the coin.
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|Trendline Avg = 18.63
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|Last updated 9-13-23
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