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CC gold tops sale

An 1870-CC $20 gold piece was sold for $243,500 Sept. 4 by Bonhams in Los Angeles as part of a $1.4 million auction.

One of just 35 to 45 pieces known, the coin was part of the estate of Hellen and Charles Mapes, of Reno, Nev.

Charles Mapes was a hotel and casino pioneer.

Paul Song, director of the Rare Coins and Bank Notes Department, said: “We are delighted with the result of the auction.  Rare U.S. gold coins continued to bring exceptional prices.”

The 1870-CC $20 had been in the Mapes Collection since it was purchased in 1961 in a Kreisberg-Schulman auction of Feb. 16-18 at the Waldorf-Astoria Hotel in New York City.

Song explained that it can be considered a discovery piece due to the length of time since its last auction offering.

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There are no Mint State examples of the 1870-CC extant and most known examples are graded VF to EF.

Song said the coin was a bit of a discovery to the consignor as he did not realize the coin had the famous and valuable “CC” mintmark on its reverse.

A Philadelphia coin from 1870 is worth around $2,000.

Bringing $142,875 was a five-piece 1915-S Panama-Pacific commemorative coin set. The coins were offered with the original case of issue inscribed PANAMA-PACIFIC INTERNATIONAL EXPOSITION COMMEMORATIVE COINS 1915 SAN FRANCISCO, U.S.A.
Song also reported that other gold coins in the auction brought strong prices.

A 1796 $10 graded AU-50 by Numismatic Guaranty Corp. realized $54,990.

An MCMVII (1907) high relief wire rim Saint-Gaudens gold $20 sold for $46,800 and a second example sold for $25,740.

An 1851 Augustus Humbert octagonal $50 gold piece, 880 THOUS brought $22,230, while  an 1871-CC $20 fetched $21,060.

For more information about this and a Dec. 16 auction, visit the firm’s website at www.bonhams.com/uscoins.

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