Goldberg Coins and Collectibles



Sale 75

September Pre Long Beach


$3 Gold
 
 
Lot Photo Description Realized
Lot 2134
1854. PCGS graded Genuine. Cleaning - AU Details. Light golden toning (PCGS # 7969) Estimated Value $500 - 550
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$719
Lot 2135
1878. NGC graded MS-65. CAC Approved. Housed in an Old Style Holder. A nice untoned coin. Only 82,304 struck. The 1878 has the maximum production of any Three Dollar gold issue in the 1870s. In fact, the mintage of this year amounted to under one hundred thousand coins in all. For any other gold denomination of the period, of course, this would be considered small figure leading to collectors viewing it as a scarce date. A frosty pink-gold Gem that has excellent aesthetic appeal. We note an identifying tone dot by Libertys forehead. The obverse is bright light peach pink gold while the reverse has additional heavy frost in addition to the same coloration. The surfaces are nearly flawless, which is understandable given the 65 grade, and only a little sharper strike on the ribbon bow and portions of the upper wreath would have placed this in a higher grade range.Pop 125; 54 finer.
The $3 denomination was designed by James B. Longacre, who became chief engraver at the Mint in 1844, after the death of Christian Gobrecht. The obverse features the head of an Indian princess, facing left, wearing a feathered headdress upon which is a band inscribed LIBERTY. The inscription UNITED STATES OF AMERICA surrounds. The same motif was later used on the Type III gold dollar 1856-1889.

The reverse displays an "agricultural wreath" enclosing 3 DOLLARS and the date. The reverse wreath was later used on the Flying Eagle cents of 1856-1858. As is demonstrated, Longacre liked to copy his own work.

The $3 design was continued without major change from beginning to the end, except that issues of the year 1854 alone have the word DOLLARS in smaller letters than do the pieces from 1855 to 1889. Estimated Value $8,000 - 8,500
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$12,650
Lot 2136
1878. NGC graded AU-58. Light obverse golden toning. This has extensive luster over both sides and attractive color from the natural toning (PCGS # 8000) Estimated Value $1,450 - 1,500
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Lot 2137
1878. PCGS graded Genuine. Scratch - AU Details. Nice golden toning with reflective obverse surface. Only 82,304 struck (PCGS # 8000) Estimated Value $550 - 600
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$719
Lot 2138
1888. PCGS graded MS-65. Hint of golden toning on the reverse. Only 5,000 struck. Here is a truly special Gem MS65 from a collector who knew a thing or two about high quality $3 gold pieces, and just how elusive they are. The coin that checks in at a strong level among certified pieces but, beyond that, has incredible eye appeal and an above average strike. The luster is deep and rich, bright pinkish gold including an area of warm golden glow adding supplementing the eye appeal.

From the limited number of circulation strikes reported to have been made, we estimate that as few as 350 to 450 Mint State coins exist today, to which can be added 200 to 300 worn pieces. Among the Mint State examples this coin has few finer in the world of PCGS data, per the following indications. Again, the word opportunity comes to the forefront. In a way, this coin is numismatic history in your hands. Pop 82; 37 finer, 3 in 65+, 31 in 66, 1 in 66+, 2 in 67. (PCGS # 8010) Estimated Value $10,000 - 11,000
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