Big New Purchase: 20c Key Date Pickup
No, it's not the '76-CC, it's the key date of the proof issues, the elusive proof-only 1877. Official Red Book mintage is 510 pieces (less than half of the '75 & '76 issues), but sources suggest that many were melted due to low demand, and that only about 350 were ultimately issued, with Brunner & Frost estimating surviving pieces between 250-280 in their 20c book.
This coin was offered to me in April, but I felt the price was a bit out of range and my counteroffer to the dealer was rejected. The coin's listing disappeared about a week later, and then I started kicking myself for not pulling the trigger as the coin was right within my wheelhouse criteria: fully toned, original, no major problems, graded 63-64, and CAC approved.
(Phil did an excellent job capturing the color, despite being in-holder rather than raw:)
As I was licking my wounds one Sunday, lo and behold—there she was listed on GreatCollections. I knew as soon as I saw her that I'd be taking her home, the only question was at what price. The minimum bid w/BP approximately equated to what the coin was offered to me at in April, but I placed a higher bid a few seconds before closing and won it uncontested.
I received the coin a couple days later, enclosed in this lovely velvet-lined presentation case with the GC logo on the outside, and a handwritten note from Ian. What a nice touch, and it'll be a great to add my other 20c proofs to this case. In-hand, the coin met all of my expectations and fits perfectly among her siblings, of which I have the 1876 and 1878 (thread links).
CAC Pop for 1877 20c is 79 including CAM and DCAM. PCGS Pop is 400, but it's believed that many of those are duplicate submissions. The 63 grade is accurate given the obverse lacks full reflectivity, but the reverse is definitely 64 quality. I tried to share some videos but ran into some technical difficulties, so just have still photos for now.
Nothing is as expensive as free money.
Comments
That is one sexy coin, congrats on an amazing add and I’m glad you got a second shot at it. Perfect for your set.
Founder- Peak Rarities
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Holy cow. What a purchase!
Gorgeous coin and a great cornerstone for your collection of these! Congratulations!!
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
Beautiful! Congrats on a great coin!!
Chopmarked Trade Dollar Registry Set --- US & World Gold Showcase --- World Chopmark Showcase
What a great behind the scenes story and thank you for sharing it.
I would love to have a 20 cent piece in my 1871 set in honor of my grandparents; but, none were made that year.
That is fantastic!
In honor of the memory of Cpl. Michael E. Thompson
Congratulations! Truly an awesome purchase, especially since you got that second chance!
“The thrill of the hunt never gets old”
PCGS Registry: Screaming Eagles
Copperindian
Retired sets: Soaring Eagles
Copperindian
Always have liked the 1877 20c piece, and you acquired a very nice one! Congratulations!
An authorized PCGS dealer, and a contributor to the Red Book.
Stunning! OUTSTANDING!! 👍 👍
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
VERY NICE! Congratulations! I once had a 20c for a short period of time. Obsolete coinage is cool to me and I wouldn't mind picking up a couple pieces again one day.
Well done, congrats!
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
This reminds me of a few years ago when @BillJones was looking for an 1877 20c
to replace his prior coin that he had sold due to its laminations.
The prices jumped up by a factor of 3 or 4, so the replacement became very difficult.
https://forums.collectors.com/discussion/983431/what-is-happening-to-the-prices-for-the-1877-proof-twenty-cent-piece
The story ended well as a dealer found him a good coin:
https://forums.collectors.com/discussion/985792/finally-1877-twenty-cent-piece
Best of the best and a great generation of PCGS to boot. What a lovely and thoughtful presentation. Looks like is room for more beauties!
peacockcoins
Many times now I just take the heat and buy it.
Lafayette Grading Set
Holy crap! Just awesome!
Hard to beat that color, and 20c pieces just rarely look fantastic like that. Great pickup!
Coin Photographer.
That is a gorgeous specimen and well presented. Congrats on the pickup!
Custom album maker and numismatic photographer.
Need a personalized album made? Design it on the website below and I'll build it for you.
https://www.donahuenumismatics.com/.
That is awesome! Congratulations!
My YouTube Channel
REALLY nice!
Not only is it a key date, it has a VERY original look.
Superb color and eye appeal.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Stunning colors
That is something else. Great pickup, congrats.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
Congratulations! You don't get many second chances.
Outstanding! 👍🏻
Having fun while switching things up and focusing on a next level PCGS slabbed 1950+ type set, while still looking for great examples for the 7070.
It’s a beauty
BHNC #248 … 130 and counting.
I like the flashy colors in the last pictures…
Great coin, and congratulations. I can see it in a 64 holder
Upon reconsideration in the future if you go that route.
It's all about what the people want...
Congrats! That’s a beautiful coin.
Sounds like the dealer would have done better if they were more flexible and most of the 10% BP you paid would have been in the dealers pocket.
That is a cool box it came in too!
https://www.greatcollections.com/Coin/1599680/1877-Twenty-Cent-Piece-PCGS-Proof-63-CAC-Green-Toned
Congratulations! What a gorgeous coin!
I’m so very happy for you! That’s what this wonderful hobby is all about!
Enjoy!
Steve
My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
Great looking piece!
Thanks all for the positive comments. The proof set is coming together nicely (3 of 4 coins):
PR64 CAC
PR63 CAC
PR64
Nothing is as expensive as free money.
WOW that is a beauty.
I collect Morgan's but I can truly enjoy seeing what others have and are doing with their collection.
I am happy for you.
Student of numismatics and collector of Morgan dollars
Successful BST transactions with: Namvet Justindan Mattniss RWW olah_in_MA
Dantheman984 Toyz4geo SurfinxHI greencopper RWW bigjpst bretsan
You have some real beauties there.
I just can’t this holy trinity outta my head. THIS collection is an aspiration that motivates me to do better and re-double my efforts in my own numismatic endeavors. Best of all, it’s owned by a really great guy. Once again, congratulations my brother.
Just…..well-DAMN-done!
Having fun while switching things up and focusing on a next level PCGS slabbed 1950+ type set, while still looking for great examples for the 7070.
That’s a lovely set you’re assembling!
Fantastic coin Bruce.
Coin Rarities Online
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Nice to see you here, John! Take your jacket off and stay a while 😉.
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