The 1870 CC Coronet Head Gold $20 Double Eagle is one of the most sought-after coins by collectors worldwide. Minted in Carson City, Nevada, during the height of the American gold rush, this coin holds immense historical significance. The “CC” mintmark stands for Carson City, where a large amount of gold was discovered in the 1800s, leading to the minting of some of the most valuable coins ever made. Collectors treasure this particular coin not only for its rarity but also for its historical and monetary value.
History of the 1870 CC Coronet Head Gold $20 Double Eagle
The 1870 CC Gold Double Eagle is one of the first coins minted in Carson City after the United States established a mint there. The Carson City Mint was opened to process the large amounts of gold and silver discovered in Nevada during the mid-1800s. The coin itself is part of the larger Coronet Head series, which was minted between 1850 and 1907. The Coronet Head design, created by James B. Longacre, features Lady Liberty wearing a crown inscribed with the word “Liberty” on the obverse (front), and a heraldic eagle with a shield on the reverse (back).
Because the 1870 CC Double Eagle was one of the first coins produced at the Carson City Mint, it is highly valuable. Out of the 3,789 coins originally minted, only a small number are known to still exist today. Most of the original coins were melted down, lost, or destroyed over time, making the surviving ones incredibly rare.
Key Features of the 1870 CC Coronet Head Gold $20 Double Eagle
The 1870 CC Double Eagle is made of 90% gold and 10% copper, a common composition for gold coins of this era. It has a diameter of 34 mm and weighs 33.44 grams. The “CC” mintmark, located below the eagle on the reverse, is what makes this coin stand out to collectors. Below are some of the key specifications of this rare coin:
| Feature | Details |
|---|---|
| Mint | Carson City (CC) |
| Year | 1870 |
| Designer | James B. Longacre |
| Composition | 90% Gold, 10% Copper |
| Weight | 33.44 grams |
| Diameter | 34 mm |
| Obverse (Front) | Lady Liberty wearing a coronet inscribed “Liberty” |
| Reverse (Back) | Heraldic eagle with a shield |
| Mintage | 3,789 |
| Current Value | Millions (depending on condition) |
Why Is It So Valuable?
The 1870 CC Double Eagle is valuable for several reasons. First, its low mintage makes it rare. With fewer than 4,000 minted and far fewer still in existence, demand far exceeds supply. Second, its historical significance as one of the first coins minted in Carson City during the gold rush adds to its appeal. Third, its high gold content means it has intrinsic value even outside of its rarity as a collectible. However, its value as a collector’s item far outweighs the value of its gold alone.
How Much Is an 1870 CC Coronet Head Gold $20 Double Eagle Worth Today?
The value of this coin can vary greatly depending on its condition. Pristine examples can sell for millions of dollars at auction, while coins in lesser condition still fetch high prices due to their rarity. The most recent sales have seen prices well into the millions, particularly for coins graded in “mint state” condition. Coins that are in lower grades, such as “very fine” or “extremely fine,” are still worth hundreds of thousands of dollars.
Conclusion
The 1870 CC Coronet Head Gold $20 Double Eagle is not just a coin; it’s a piece of American history. With its connection to the Carson City Mint, the gold rush, and its scarcity, it remains a highly sought-after item for collectors. The coin’s combination of historical significance, rarity, and high value make it one of the most desirable coins in the world.
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FAQs
How many 1870 CC Coronet Head Gold $20 Double Eagles were minted?
Only 3,789 coins were minted in 1870, making it a rare find today.
What does the “CC” mintmark stand for?
The “CC” mintmark stands for Carson City, where the coin was minted.
How much is an 1870 CC Coronet Head Gold worth today?
Depending on its condition, the coin can be worth anywhere from hundreds of thousands to several million dollars.
What is the composition of the 1870 CC Coronet Head Gold?
The coin is made of 90% gold and 10% copper.
Why is the 1870 CC Coronet Head Gold so valuable?
Its low mintage, historical significance, and high gold content make it extremely valuable.