The 1871-CC Coronet Head Gold $5 Half Eagle is a fascinating piece of U.S. numismatic history that represents the spirit of the Old West and the beginnings of the Carson City Mint. With its scarcity, historical importance, and beautiful design, this coin is highly sought after by collectors. Let’s explore the coin’s origin, features, rarity, and value, making it a true treasure in American coinage.
The History of the 1871-CC Gold $5 Half Eagle
The Carson City Mint, located in Nevada, was established in 1863 during the height of the Comstock Lode silver boom. The mint began producing coins in 1870, catering to the growing need for gold and silver coinage in the western United States. Among its early productions was the 1871-CC $5 Half Eagle, which is only the second year this coin was minted at Carson City.
Design and Specifications
The 1871-CC Coronet Head Gold $5 Half Eagle features a timeless design that is both elegant and symbolic of 19th-century America.
Obverse Design
The obverse depicts Lady Liberty, facing left, wearing a coronet inscribed with the word “LIBERTY.” Her hair is tied in a bun, with some curls cascading down. Thirteen stars surround her image, symbolizing the original thirteen colonies, with the date “1871” positioned at the bottom.
Reverse Design
The reverse showcases a majestic eagle with outstretched wings, clutching an olive branch in one talon and arrows in the other. The mintmark “CC” appears beneath the eagle, just above the denomination “FIVE D.” The inscriptions “UNITED STATES OF AMERICA” encircle the design.
Specifications
- Composition: 90% gold, 10% copper
- Weight: 8.36 grams
- Diameter: 21.6 millimeters
- Edge: Reeded
Rarity and Value
The 1871-CC $5 Half Eagle is considered rare due to its low mintage and the significant loss of coins to circulation and melting over time. Today, it’s estimated that fewer than 200 examples of this coin exist, with only a handful in higher grades.
Grading and Pricing
- Good to Very Fine Condition: Coins in lower grades typically sell for $5,000 to $10,000, depending on wear and eye appeal.
- Extremely Fine to About Uncirculated: Prices range from $15,000 to $30,000, as these coins are exceedingly rare.
- Mint State Condition: Coins graded MS-60 or higher are almost unheard of, with auction prices exceeding $100,000 in some cases.
Factors Influencing Value
- Condition: Coins in better condition command significantly higher prices.
- Historical Appeal: The Carson City Mint’s connection to the Old West adds allure.
- Demand: Collectors of Carson City coins often prioritize the 1871-CC Half Eagle due to its rarity.
Why Collect the 1871-CC Gold $5 Half Eagle?
1. Historical Significance
As one of the earliest gold coins minted in Carson City, the 1871-CC $5 Half Eagle holds a unique place in U.S. history. Its ties to the Wild West make it a piece of Americana that collectors treasure.
2. Low Survival Rate
The limited surviving population ensures that each example is a significant numismatic artifact. Collectors appreciate the challenge of acquiring such a rare coin.
3. Investment Potential
With gold prices remaining strong and the demand for rare coins growing, the 1871-CC Half Eagle is a solid investment. Its rarity and historical significance make it an asset likely to appreciate in value.
Tips for Collecting the 1871-CC $5 Half Eagle
- Buy from Trusted Dealers: Ensure authenticity and grading accuracy by purchasing from reputable sources. Look for coins certified by PCGS or NGC.
- Research Provenance: Coins with documented ownership histories often carry added value.
- Focus on Condition: Even in lower grades, the coin’s rarity makes it a valuable acquisition. However, higher-grade examples are more desirable.
Conclusion
The 1871-CC Coronet Head Gold $5 Half Eagle is a coin steeped in history, rarity, and beauty. Its connection to the early days of the Carson City Mint and the American West adds to its allure, making it a prized possession for collectors. Whether you’re a numismatic enthusiast or an investor, this coin offers a tangible link to a rich and storied past.
FAQs
Q1: How rare is the 1871-CC Coronet Head Gold $5 Half Eagle?
A: With fewer than 200 surviving examples, the 1871-CC Half Eagle is an exceptionally rare coin, highly valued by collectors.
Q2: What is the value of an 1871-CC $5 Half Eagle?
A: Depending on its condition, this coin ranges in value from $5,000 to over $100,000, with higher-grade examples commanding premium prices.
Q3: Why is the 1871-CC Half Eagle significant?
A: It’s one of the earliest gold coins minted in Carson City, symbolizing the economic history of the Old West and the Gold Rush era.