The 1874-CC Liberty Seated Half Dollar is one of the most coveted coins in the world of numismatics. Produced at the Carson City Mint, this coin has gained iconic status among collectors due to its rarity, historical significance, and substantial value.
The 1874-CC half dollar represents a piece of American history, reflecting the challenges of minting during the 19th century, particularly in the western United States. In this article, we’ll explore the coin’s background, its value today, and why it holds such a special place in coin collecting.
Historical Background
The Liberty Seated Half Dollar was first introduced in 1839 and remained in production until 1891. Designed by Christian Gobrecht, the Liberty Seated series was one of the longest-running coin designs in U.S. history.
The coin’s obverse depicts Lady Liberty seated, holding a shield and a pole with a Liberty cap, symbolizing freedom and independence. The reverse features a bald eagle clutching arrows and an olive branch, with the denomination below.
What sets the 1874-CC half dollar apart is its production at the Carson City Mint. Located in Nevada, the Carson City Mint was established to process silver from the nearby Comstock Lode, one of the largest silver deposits in history. Coins minted at Carson City, marked by the “CC” mint mark, are highly sought after due to their limited production runs and the historical significance of the mint itself.
Mintage and Rarity
The 1874-CC Liberty Seated Half Dollar had a relatively low mintage of just 59,000 coins, making it one of the rarer Carson City coins. Many of these coins were circulated heavily, and few remain in high grades today. According to recent estimates, only around 180 specimens are believed to still exist, with only 15 of those in mint state (MS) condition. The extreme rarity of this coin in uncirculated condition adds to its allure for collectors.
Value of the 1874-CC Liberty Seated Half Dollar
The value of an 1874-CC Liberty Seated Half Dollar can vary widely based on its condition. Coins in good (G-4) condition can sell for around $1,400, while examples in extra fine (EF-40) condition can fetch up to $6,500. Mint state examples, especially those graded MS-63 or higher, can command prices between $33,000 and $113,700. A coin in MS-66, the highest grade known for this issue, could sell for nearly $120,000, depending on market conditions.
Factors Affecting Value
Several factors contribute to the high value of the 1874-CC Liberty Seated Half Dollar:
- Condition: Like most coins, the condition or grade of the coin is the primary determinant of its value. Coins that have been well-preserved and show little to no wear are significantly more valuable than those that have been heavily circulated.
- Mintage and Survival Rates: With only 59,000 minted and fewer than 200 believed to survive today, the scarcity of the coin plays a significant role in its value.
- Historical Significance: Coins from the Carson City Mint are highly sought after due to the mint’s connection to the silver boom of the 19th century. The “CC” mint mark is associated with rarity and desirability, especially for coins like the 1874-CC, which were produced in limited numbers and have a strong collector following.
- Market Demand: Like any collectible, the value of the 1874-CC half dollar is influenced by market demand. Coins that are part of a prominent collection or have a well-documented provenance can fetch even higher prices.
| Grade/Condition | Estimated Value (USD) |
|---|---|
| Good (G-4) | $1,398 |
| Very Fine (VF-20) | $4,120 |
| Extra Fine (EF-40) | $6,500 |
| Almost Uncirculated (AU-50) | $8,130 |
| Mint State (MS-60) | $17,425 |
| Mint State (MS-64) | $66,495 |
| Mint State (MS-66) | $113,700 |
Conclusion
The 1874-CC Liberty Seated Half Dollar is a coin that represents much more than just its face value. It is a piece of American history, reflecting a time when the Carson City Mint played a vital role in producing U.S. currency.
For collectors, the 1874-CC half dollar offers a unique opportunity to own a rare and valuable coin, especially if found in mint condition. Its combination of rarity, historical significance, and potential for high value make it a standout in the world of numismatics.
FAQs
1. Why is the 1874-CC Liberty Seated Half Dollar so valuable?
The coin’s rarity, limited mintage, and historical significance make it one of the most desirable coins for collectors. Its value is further enhanced by the fact that only a few coins exist in mint condition.
2. How can I identify an 1874-CC Liberty Seated Half Dollar?
The coin features Lady Liberty seated on the obverse, holding a shield and a pole with a Liberty cap. The reverse depicts an eagle clutching arrows and an olive branch. The mint mark “CC” is located just below the eagle.
3. What factors affect the value of this coin?
The coin’s condition, rarity, historical significance, and market demand all play key roles in determining its value. Coins in better condition or with unique provenance are generally worth more.
4. How many 1874-CC Liberty Seated Half Dollars are still in existence?
It is estimated that around 180 specimens exist today, with only about 15 in mint condition.
5. Where can I buy or sell an 1874-CC Liberty Seated Half Dollar?
The coin can be bought or sold through reputable dealers, auction houses, and online numismatic platforms. It’s important to have the coin authenticated and graded by a professional service before buying or selling(
References
- CoinTrackers: 1874-CC Seated Liberty Half Dollar Value
- APMEX: 1874-CC Liberty Seated Half Dollar Value
- PCGS CoinFacts: Liberty Seated Half Dollar
- NGC Coin Price Guide: Liberty Seated Half Dollar (1839-1891)