Here are four pieces from my nine piece collection. No, I don't have an 1876-CC. The ninth one is a circulated 1875-S that I put beside a circulated Seated Quarter in an exhibit. 1875-CC NGC graded this one MS-62. It has funky color, but my investigations into getting a nicer one have turned up pieces with "phone number" prices. About 40 to 50 % of these coins are weakly struck on the top of the eagle's left wing and the corresponding area on the obverse, which happens to be the shield the word “LIBERTY.” This one is well struck, which is the best thing it has going for it. With a mintage of over 1 million, the 1875-S is, by far, the most common date and mint mark combination. The 1875-CC is the second most common with a mintage 133,290. 1876-P This the highest grade and best preserved Twenty Cent Piece in my collection. The "Red Book" reported mintage 14,640, but net mintage is lower than that. No all of these pieces were issued after the word came down that no more would be issued for circulation. 1877 This is the scarcest collectible date in the series. The reported mintage is 510 Proofs, but the number issued is lower than that because the coins were not sold. The current guess is that the net mintage was about 350 pieces. The prices went way up on this one. I sold a piece that I had, which had some issues for a good price, only to find out that the market had gone crazy. I ended up overpaying for this one which is graded PR-64 Cameo. 1878 With a reported mintage of 600 Proofs, this piece plays second fiddle to the 1877. Once more the net mintage is somewhat lower, but higher than the 1877 coin. This one is a really nice PR-64. It's not flashy so no one is going to go ga-ga over it. I like it because it was the last of its kind. And finally, if you think that you have found an 1876-CC, here's tip. All of them are doubled die coins with a double "LIBERTY." I think that this is the one that was offered to me for $650,000, with a close-up of the all important LIBERTY.
The real reason was that the western state silver lobby wanted to government to buy up more of their excess production and support the silver market. The made-up reason was that consumers were paying for an item priced at “one bit” or 12 1/2 cents, paying with a quarter, and only getting a dime in change. With a Twenty Cent Piece, the consumer, not the storekeeper, would get the 2 1/2 cent difference. It was all foolishness, but have things really changed? If consumer protection had been the real reason, the government could have expanded cent product to the western mints, but that was too logical.
Here is the ugliest one I've seen. But it didn't cost me anything as I pulled it out of a box of junk coins at a bank where I was servicing their coin machine.
That 1875-CC 20 cent piece is an example of the poorly struck pieces. That piece is lucky it didn’t get docked with “scratched” given the big mark on Ms. Liberty’s jaw, let alone “MS-64.”
I find it hard to tell circulation from weak strike still one would think such a weak strike would not get a MS 64
Jack would like pictures of this coin in the actual PCGS holder. Dubious is the MINIMAL reaction I have as to a 64 grade.