Price: 34,975.00 - SOLD - 4/03/2011* Free Shipping and Insurance for coins at $10K or above.
1891-CC $20 (1891-CC Double Eagle) PCGS MS61. Type 3 Double Eagle. Muted mint luster is seen within the devices of this rare branch mint, mint state 1891-CC Double Eagle. Very light abrasion keeps this coin from a higher mint state grade. The strike is strong and sharp on the obverse. Slight central weakness is seen on the reverse. Authorized in 1863, the Carson City Mint began coinage in 1870 and continued until 1893. It was then operated as a government assay office until 1933 when it was closed as a cost cutting measure. During its operation the Carson City Mint made fifty-seven different types of gold coins. It also converted gold bullion and oar into gold bars which were shipped to San Francisco for coinage there. Coins issued used the CC mint mark. Originally established to convert silver from the Comstock Lode to coinage, the Carson City Mint also processed gold in to gold coins.
When first discovered, gold and silver found in Nevada had to be shipped over the Sierra Nevada Mountains to the branch mint in San Francisco. This trip was dangerous and expensive. The Nevada mine owners asked Congress to establish a branch of the mint in their state, and legislation was enacted in 1863. Carson City was chosen as the location for the mint facility because it was near some of the major mining sites.
Between 1870 and 1873, mintage at Carson City was limited because of political reasons. The Mint Superintendent, H.F. Rice was dismissed because of claims that the mint issued some light weight and debased coins. Rice could have been executed. This partly verified information led to frequently seen edge test marks on the gold pieces of this period. Those who wanted the Carson City Mint closed use this discovery to urge the closing. Their real motive was that they wanted the lucrative shipping contracts to move the oar to San Francisco.
The first Carson City coin was the Liberty Seated 1870-CC dollar. A person who had deposited silver at the mint received 2303 silver dollars. Shortly afterwards, gold eagles, half eagles and double eagles were struck. Carson City did not strike coins made of copper or nickel, and it never struck half dimes, gold dollars, quarter eagles, or three dollar gold coins.
In 1873 silver was demonetized; however, the Bland-Allison act of 1878 required the Treasury Department to coin two to four million sliver dollars each month. The act attempted to keep silver at artificially high levels. Large quantities of Morgan Dollars were minted, but they did not circulate well and were kept in Treasury storage vaults.
In 1884 Democrat Grover Cleveland became president. He fired all the Republican appointees including the top officials at the Carson City Mint and shut it down. A year later it reopened as an assay office. When Republican Benjamin Harrison became president, he fired Clevelands appointees and replaced them with Republicans. In 1889 coining operations resumed.
Originally all of the United States coinage was secular. However, in the first sixty or so years of the United States existence, religious life became more important to the populace. Groups such as the National Reform Association wanted to amend the Constitution to acknowledge the Lord Jesus Christ as the source of all power and authority in government. The amendment was unsuccessful; however, the sentiment to bring religion into government remained strong. President Abraham Lincoln chose James Pollock to be the Mint Director in 1861. He served until 1867. Pollock was in favor of the idea that the nation depended on the will of God. Reverend Watkinson of Pennsylvania was the first person who actually addressed this need. He believed that adding the name of God to our coinage would, relieve us from the ignominy of heathenism[and] place us openly under the divine protection. The Coinage Act of 1865 created the authority to place the motto on all coins. In 1866 it was placed on the half eagle, the eagle and the double eagle as well as on silver coinage and the shield nickel.
The design change that brought about the Type 3 double eagle was the denomination. It went from TWENTY D. to TWENTY DOLLARS. Like the addition of the motto to the reverse of the previous twenty dollar coin, it did not cause any major change in the rest of the coins design. William Barber who by then was the Engraver following Longacres death in 1869 made the modification.
All 1891-CC double eagles are rare. The original mintage was 5,000. In its population report PCGS shows 8 in MS61 with 5 better.
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