1876-CC $20 Liberty Head Double Eagle NGC AU58

The 1876-CC $20 issue is numismatically significant, for it is the final Type Two double eagle struck at the Carson City Mint. NGC has graded 492 as AU58 with 259 finer. Collectors Universe give this issue a price of $10,000.00 in AU58. The Double Eagles that were produced at the Carson City Mint served two basic functions. They were circulating instrument of exchange and a storehouse of value. These big $20 gold coins were the easiest way to strike, transport and trade the great amount of gold that had been extracted from the earth.

The Carson City Mint, where this great coin was struck in 1876.

During the different gold rushes in the West, and for many years afterwards, paper money was contemptuously derided. That attitude made gold coins important in day-to-day business transactions, and they became the accepted method of payment in the Old West. More than most other Liberty head $20 gold pieces, those from the Carson City Mint remain popular and have grown exponentially in value over the years. Among the reasons for this is the rich history associated with the Old West, the Comstock Lode, and the Carson City Mint.