1891-CC $10 Liberty PCGS MS63 (Deep Prooflike!) – ON HOLD (LB)
1891-CC $10 Liberty PCGS MS63 (Deep Prooflike!). WOW…this coin comes with titles like “show stopper” and “headlight.” To the trained professional, perhaps Condition Census needs to be thrown in…”first strike” and “specimen” at a long shot. This coin is truly remarkable! It must have been one the the first struck from an original mintage of 103,732 coins – a paltry number considering the Philadelphia mint struck an average of 1.7 million Liberty eagles each year between 1892 and 1894.
PCGS has certified a total of 2,286 of the 1891-CC Ten to-date with over half of this number appearing in grades of AU55 through MS62. It is the most commonly encountered eagle issue from this fabled mint. Even in MS63 there are quite a few – 404 to be exact – but in an exhaustive search of auction records going back four decades when the catalog images become much worse, we cannot locate this particular coin. It is obviously new to the market-!
We recently conducted a study of the price activity for Prooflike and Deep Prooflike $20 Liberty gold for one of our clients. The results we found led us to the conclusion that common dates bring approximately 50% more than the regular business strike coins – but scarce and rare dates will normally bring double and branch mints bring quadruple. Following this theory, a coin like this could have a published value as high as $22,500! We should mention we did see an auction record for a MS63 coin at $15,275 for the William Porter Collection sold in 2013. Such a price realized can enforce our earlier conclusion as to published price.
Nevertheless, if you are a gold eagle collector or merely looking for a cornerstone to your collection, this is a coin that should be seriously considered. It’s even got that desirable “old green holder” which indicates PCGS graded this coin back 1993 and 1998. Note: We’ve included images of a Choice Mint State CAC endorsed coin so you can compare just how deeply these fields are mirrored. Hopefully you find this enlightening rather than confusing.