The 1870-CC Coronet Head Gold $20 Double Eagle is one of the most famous and valuable coins produced by the U.S. Mint. The “CC” mintmark indicates that the coin was struck at the Carson City Mint, which was established in 1870 to process the vast amounts of gold and silver mined in Nevada. Because of its rarity, historical significance, and unique design, this coin has become a prized piece for collectors around the world. Let’s dive into the history and details of this fascinating coin.
History of the 1870-CC Coronet Head Gold $20 Double Eagle
The Coronet Head Gold $20 Double Eagle was designed by James B. Longacre, the U.S. Mint’s chief engraver from 1844 to 1869. The coin was first minted in 1849, just in time for the Gold Rush. It was primarily used for large transactions and international trade due to its high face value of $20, which was a considerable sum at the time.
The Carson City Mint was established to handle the large quantities of gold and silver coming from the Comstock Lode in Nevada. The 1870-CC Coronet Head Double Eagle was one of the first coins struck at this new mint, making it historically significant. However, only about 3,789 of these coins were minted, making it one of the rarest Double Eagles ever produced.
Design of the 1870-CC Coronet Head Gold $20 Double Eagle
- Obverse (Front): The obverse of the coin features Lady Liberty wearing a coronet (a small crown), which is inscribed with the word “LIBERTY.” Around her head are 13 stars, representing the original colonies. Below her is the year “1870.”
- Reverse (Back): The reverse displays a majestic eagle with a shield on its chest. In its claws, the eagle holds arrows and an olive branch, symbolizing strength and peace. The words “UNITED STATES OF AMERICA” and “TWENTY D.” surround the eagle. The “CC” mintmark is located below the eagle.
Table: Key Details of the 1870-CC Coronet Head Gold $20 Double Eagle
| Feature | Description |
|---|---|
| Mint Year | 1870 |
| Mint Mark | “CC” for Carson City Mint |
| Designer | James B. Longacre |
| Composition | 90% gold, 10% copper |
| Diameter | 34 mm |
| Weight | 33.44 grams |
| Obverse Design | Lady Liberty with a coronet, surrounded by 13 stars |
| Reverse Design | Eagle with shield, arrows, olive branch, and “CC” mintmark |
| Rarity | Extremely rare due to limited mintage |
Why the 1870-CC Coronet Head Gold $20 Double Eagle Is So Valuable
- Limited Mintage: Only 3,789 coins were produced at the Carson City Mint, making this coin extremely rare. Very few have survived to this day, especially in high grades.
- Historical Significance: The Carson City Mint was an important part of U.S. history, established during the booming mining era of Nevada. Coins minted there are highly collectible.
- Design: The Coronet Head design is a beautiful and iconic representation of U.S. coinage, with Lady Liberty on the obverse and the eagle on the reverse.
- Investment Value: The rarity and demand for this coin have driven its value into the hundreds of thousands, sometimes even reaching over a million dollars at auction.
The 1870-CC Coronet Head Gold $20 Double Eagle in Today’s Market
This coin is considered a “holy grail” for coin collectors. Due to its rarity and historical connection to the Carson City Mint, it is one of the most sought-after gold coins. Collectors and investors are willing to pay a premium for coins in good condition, and when one is offered at auction, it garners a lot of attention. Prices for this coin can range from hundreds of thousands to over a million dollars depending on its grade and condition.
Conclusion
The 1870-CC Coronet Head Gold $20 Double Eagle is a truly remarkable coin. With its connection to the Gold Rush era and the Carson City Mint, combined with its stunning design and limited mintage, this coin is a prized possession for collectors and a solid investment. Its value continues to rise due to its rarity, and owning one is considered a significant achievement in the numismatic world.
FAQ’s
Why is the 1870-CC Coronet Head Gold $20 Double Eagle so rare?
The 1870-CC Coronet Head Gold $20 Double Eagle is rare because only 3,789 were minted, and fewer survive today.
What is the value of the 1870-CC Coronet Head Gold $20 Double Eagle today?
The value depends on its condition, but it can range from hundreds of thousands to over a million dollars at auction.
Why is the “CC” mintmark important on this coin?
The “CC” mintmark indicates that the coin was minted in Carson City, Nevada, during the mining boom, making it historically significant.
Who designed the 1870-CC Coronet Head Gold $20 Double Eagle?
The coin was designed by James B. Longacre, who served as the Chief Engraver of the U.S. Mint from 1844 to 1869.
How can I tell if my 1870-CC Double Eagle is genuine?
To determine authenticity, it’s recommended to have the coin evaluated by a professional coin grading service or a trusted numismatist.