The 1870-CC Coronet Head Gold $20 Double Eagle is one of the most coveted and valuable coins in the world of numismatics. This iconic coin represents a piece of American history and holds immense appeal for collectors due to its rarity, historical significance, and remarkable design. In this article, we will explore the features that make the 1870-CC Coronet Head Gold $20 Double Eagle so special, its value in today’s market, and how to identify this rare gem.
The History of the 1870-CC Coronet Head Gold $20 Double Eagle
The $20 Double Eagle was first introduced in 1849, during the California Gold Rush. It was created to accommodate the increasing demand for gold in the United States. The Coronet Head design, which appeared on the $20 Double Eagle from 1849 until 1907, featured a portrait of Lady Liberty wearing a coronet (a type of crown), which symbolized the nation’s power and glory.
Why the 1870-CC Double Eagle is So Valuable
The rarity of the 1870-CC Double Eagle is the primary factor that makes it so valuable. While many coins are produced in large quantities, the Carson City Mint struck a small number of 1870-CC Double Eagles. Estimates suggest that only about 20 to 30 of these coins are known to exist today. This small mintage, combined with the fact that some coins have been lost or damaged over the years, makes the 1870-CC Double Eagle extremely rare.
The Design of the 1870-CC Coronet Head Gold $20 Double Eagle
The obverse (front) of the 1870-CC Double Eagle features the iconic portrait of Lady Liberty, her hair secured with a coronet. Above her head are the words “LIBERTY,” while the year of mintage, “1870,” is displayed below. The reverse (back) of the coin depicts a majestic eagle, clutching an olive branch and arrows in its talons, symbolizing peace and military strength. Surrounding the eagle are the words “UNITED STATES OF AMERICA,” and the coin’s denomination, “TWENTY DOLLARS.”
Current Market Value of the 1870-CC Double Eagle
Due to its rarity and status as a key date in the Double Eagle series, the 1870-CC Coronet Head Gold $20 Double Eagle is highly sought after by collectors. The value of this coin can range greatly depending on its condition, but some 1870-CC Double Eagles have sold for several hundred thousand dollars at auction. Coins in near-mint condition or with exceptional qualities have been known to command values of $1 million or more.
How to Identify the 1870-CC Double Eagle
Identifying an 1870-CC Double Eagle can be tricky if you’re not familiar with the characteristics of the coin. Here are some tips to help you identify it:
- Check for the “CC” Mintmark: The most important feature to look for is the “CC” mintmark located beneath the eagle’s tail feathers on the reverse of the coin. This mintmark signifies that the coin was minted at the Carson City Mint.
- Look for the Date: The date “1870” should be clearly visible on the obverse of the coin, below Lady Liberty’s chin.
- Examine the Design: The Coronet Head design, which includes Lady Liberty with a coronet on her head, is another identifying feature. The reverse features a heraldic eagle with arrows and an olive branch.
Conclusion
The 1870-CC Coronet Head Gold $20 Double Eagle is one of the most highly sought-after coins in the world of numismatics, known for its rarity, historical significance, and beautiful design. Whether you are a seasoned coin collector or just starting out, the 1870-CC Double Eagle is a remarkable piece of American history that is sure to impress and could be worth a small fortune if you are lucky enough to own one.
FAQs
1. What makes the 1870-CC Double Eagle so valuable?
The 1870-CC Double Eagle is extremely rare, with only about 20 to 30 coins known to exist today. It is a key date coin from the Carson City Mint and can be worth several hundred thousand dollars or more, depending on its condition.
2. How can I identify an 1870-CC Double Eagle?
Look for the “CC” mintmark under the eagle’s tail feathers on the reverse side. The coin also has the year 1870 displayed below Lady Liberty’s chin on the obverse and features a coronet head design.
3. Where can I buy or sell the 1870-CC Double Eagle?
You can buy or sell this rare coin through reputable coin dealers, auction houses, or online marketplaces that specialize in rare and collectible coins.