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Sale 47
Pre-Long Beach Coin and Currency Auction
| Ohringer Collection $3 Gold |
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Lot 4406 |
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1854-D $3 Gold. NGC graded MS-61. In NGC holder 2064543-001. Well struck and untoned. Here is an American classic, the 1854-D three-dollar dold piece. Only 1,120 were coined, and most circulated into low grades. It is likely that only a few hundred survive. This date is virtually impossible to locate in full Mint State. It is also probable that some that have been may be crossovers or other attempts at a higher grade representing only a couple of coins. Regardless, this is clearly among the Finest Known specimens of the date, high up in the Condition Census, certainly a coin for the avid collector of rare date gold.
The D mintmark is quite large on the 1854-D, apparently it was used on half eagle dies. The reverse die shows light clash marks, with Liberty's head outlined within the reverse wreath. On the obverse, clash marks are faintly visible as well, along with a swirling spot below IC of AMERICA, probably an artifact of its minting. The fields possess pale frosty luster and the devices are well-enough struck on the obverse and reverse. We note that the upper curl on Liberty's head is a touch weak, as well as the high curl over her ear. Rim dentils are, of course, flatly struck. On the reverse, besides the flat dentils in the upper half, there are no problems aside from a couple of insignifant marks above the 3 in the denomination.
This is the rarest regular issue $3 date, and the most valuable. Only the Proof only 1875 is more costly, aside from the unique 1870-S. We encourage spirited bidding when this important rarity in Mint State 61 crosses the block.
As Congress had passed into law this curious denomination in 1853, dies were prepared for the new denomination for coining in 1854. It was believed that these coins could be used to purchase sheets of stamps, with standard postage being 3¢, logic followed that a $3 coin would be useful in circulation. Philadelphia coined 138,618 in 1854, while New Orleans coined 24,000. Dahlonega, on the other hand, only produced 1,120, and never coined another $3 after this small issue. Most, of course, circulated widely and are found in a variety of lower grades. The denomination limped along through 1889, and was formally retired in 1890. Pop 5; 1 finer in 62. (PCGS # 7970) .
Estimated Value $90,000 - 100,000.
Ohringer Family Trust Holdings.
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