In the early months of 1877, the Treasury Department pushed minting facilities to fulfill the quotas for dimes, quarters, and half dollars, as required by the Specie Resumption Act of 1875. Trade dollars and $20 double eagles also were high priority.(1)
Mechanical difficulties at Carson City interfered with production. On top of that, the new dies sent from Philadelphia had problems, preventing the striking of any gold coins for the first three months of 1877.
Furthermore, gold coin production was hampered because of declining gold ore output from the nearby Comstock Lode.
It wasn’t until August when the Carson City Mint finally struck a batch of $10 gold eagles. The delivery of 3,332 pieces was to be the first and last of its kind for the year. The mintage for the 1877-CC eagle was the lowest ever for the Carson $10 denomination up to that point in time.
The 1877-CC Coronet $10 eagle has long been recognized as a special coin. In 1893, Augustus G. Heaton noted in one of his publications the scarcity of the date. He was one of the first numismatists to appreciate the importance of this elusive date.(2)
Modern day collectors agree with Mr. Heaton.
|Estimated survivors in all grades: 66
? 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.
Learn more at PCGS.
|PCGS Rarity Scale: 8.3
? 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.
Learn more at PCGS.
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