The Wild West. It’s a term that instantly invokes visions of cowboys and outlaws. A land of unforgiving deserts, never-ending horizons and quite literally, “fields of gold.”
While the port town of San Francisco was bustling from the riches found in the California Gold Fields, Nevada held a new dream for bewildered travelers looking into the mirage of the desert for a better life.
The Comstock Lode. In 1859 an immense trove of silver ore was discovered on the eastern slope of Mount Davidson in the “Western Utah Territory,” today near Carson City, Nevada. Shortly thereafter, prospectors struck GOLD.
The immense population boom over the next decade led to the creation of the Carson City Mint. Although some dies of the Carson City Mint were ready to go in December of 1869, none were actually used to strike a coin until 1870.
As a First Year of Issue, any 1870-CC coin of any denomination is a prize. A Silver Dollar, while still highly desirable, can be found without much effort. A Half Dollar becomes quite the challenge, but a $5, $10 or $20 becomes a serious stumbling block in the completion of any prestigious collection.
The $20 Double Eagle was a substantial coin of the Wild West. It would have been a viable and highly commercial denomination to conduct business with. One can instantly dream up images of pioneers spending the coin for a large purchase. The stories an 1870-CC $20 can tell are immense.
With only 3,789 Minted all examples are rare. Collectors from all over the World desire it, and with less than 40 or so examples known it’s an incredible challenge.
The market for 1870-CC gold coinage has been skyrocketing with renewed vigor just in the last couple of years, and they were always met with insatiable demand to begin with!
We don’t see this opportunity very often, and only a collection as deserving as yours should be given the privilege to acquire the first of the Carson City Mint.