Goldberg Coins and Collectibles



Sale 80

June Pre Long Beach Sale


$3 Gold
 
 
Lot Photo Description Realized
Lot 1741
1854. PCGS graded AU-58 PQ. Lightly toned. Smooth, satiny fields and devices, with careful preservation only now and then available. 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 (PCGS # 7969) .
Estimated Value $1,300 - 1,400.
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Realized
$1,410
Lot 1742
1854 PCGS graded Genuine AU Details. Polished. Untoned (PCGS # 7969) .
Estimated Value $500 - 550.
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Realized
$764
Lot 1743
1854-D PCGS graded Genuine AU Details. Repaired. Only 1,120 minted. The only Dahlonega Mint $3 Gold coin. The new $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.

It would be hard to imagine a more popular 19th century gold coin than the 1854-D three dollar. It is the only issue of this denomination to be produced at the Dahlonega mint, and was struck during the first year of issue for this odd, quirky denomination. Further, it has an extremely low mintage figure of 1,120 pieces. Thus, the date has multiple levels of appeal that attract Dahlonega collectors. One can almost liken it to being the "High Relief of Branch Mint Gold." (PCGS # 7970) .
Estimated Value $5,000-UP.
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Realized
$13,513
Lot 1744
1854-O. NGC graded AU-55. Untoned. Popular "O" mint. Only 24,000 minted. Most design features show somewhat weak definition including the "O" mintmark which is softly impressed as is typical for the issue. A scattering of small abrasions is noted, which because they aren’t unusual, this piece will still find avid buyers at any point in the future. The 1854-O has long been recognized as a great rarity in Uncirculated condition. David Akers, a diligent numismatic researcher in the field of U.S. gold coinage rarities, noted that the 1854-O "is rare in AU and very rare in Uncirculated condition." Q. David Bowers in his United States $3 Gold Pieces, 1854-1889, published in 2005, estimated a surviving Uncirculated population of only three or four pieces. EF40 to AU50 is usually the best a collector can find (PCGS # 7971) .
Estimated Value $6,500 - 7,000.
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Realized
$7,050
Lot 1745
1854-O PCGS graded Genuine XF Details. Only 24,000 minted. Untoned and cleaned. As is the case with 1854-D, the mint a New Orleans struck this strange denomination only once, in 1854 (PCGS # 7971) .
Estimated Value $550 - 600.
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Realized
$852
Lot 1746
1855. ICG graded VF-20. Even wear. Only 50,555 struck. A larger letter punch font was used in 1855 on the word DOLLARS than on the 1854 issues. This same sized punch would then be incorporated on all reverses until the series ended in 1889.
Estimated Value $600 - 650.
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Unsold
Lot 1747
1855 PCGS graded Genuine XF Details. Repaired. Only 50,555 minted. Scratches in the fields (PCGS # 7972) .
Estimated Value $500 - 550.
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Realized
$617
Lot 1748
1855-S. PCGS graded AU-55. Mostly untoned with semi-reflective surfaces. Only 6,600 minted. An eye-catching high grade coin, clearly choice AU (and certified as such), in reflective gold. Some hints of Prooflike surfaces are often found on high grade 1855-S threes. The coin is fairly well struck except for the highest parts of Liberty's headdress puffs, this being typical, and limited details in the reverse bow, also typical. A splendid specimen of the first San Francisco Mint $3, a variety that is scarce in all circulated grades as it rare in AU-55 or finer grade. Over a long period of time most important collectors never obtained an 1855-S at this grade level.

The dies are carefully impressed into the planchet, no evidence of clash marks or relapping. The date is just below center between DOLLARS and the highest ribbon. The shaft of the 1 is below the left tip of the first L (DOLLAR). Below the date is deeply punched into the die. The knob of the second 5 is slightly differently configured than that on the earlier offered Philadelphia version, that piece being strengthened in the die. The S mintmark is bold and high within the wreath. Pop 9; 9 finer, 7 in 58, 1 in 61, 1 in 62 (PCGS # 7973) .
Estimated Value $8,000 - 8,500.
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Realized
$9,165
Lot 1749
1855-S. PCGS graded Genuine, Smoothed - VF Details. Mostly untoned. Only 6,600 struck (PCGS # 7973) .
Estimated Value $500 - 550.
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Realized
$1,058
Lot 1750
1856. NGC graded AU-50. Mostly untoned. Only 26,010 struck (PCGS # 7974) .
Estimated Value $900 - 950.
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Realized
$969
Lot 1751
1856-S. PCGS graded MS-61. Light golden toning. A delightful Mint State coin with light golden luster almost covering the surface with its frosty originality. Similar to the 1855-S, the 1856-S is seldom seen in Mint condition, although it is available in lower grades without too much effort. The present coin is quite special.

The production of the 1856-S $3 pieces was much more generous than the output of the preceding year, and some 34,500 were struck. Varieties exist with different sizes of mintmarks. Pop 3; 8 finer, 2 in 62, 3 in 63, 3 in 64 (PCGS # 7975) .

An account of this denomination: Walter Breen in his encyclopedia gives a learned description of the origin (and later extinction) of this odd-sounding denomination: "The usual story has it that $3 gold coins were made only so long as the letter rate remained 3¢, being discontinued when it was changed again, and perhaps in part because of the letter rate change. Whether or not this was the intention of Congress, nevertheless $3's saw little postal use in the West and South, as they were minted in Dahlonega and New Orleans only in 1854, and in San Francisco for circulation only 1855-57 and 1860. Three's thus represent relics of an interesting but abortive experiment: today they are among the most highly coveted of American gold coins. No specific reason was advanced for their discontinuance, though low mintages 1879-89 (testifying to little public demand) may have had something to do with it."
Estimated Value $12,000 - 13,000.
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Realized
$13,513
Lot 1752
1856-S. PCGS graded AU-53. Lightly toned with some luster still evident. Only 34,500 minted. Light circulation marks in the fields include a small indentation below 85 in the date. This was struck from a Medium S mintmarked reverse die, one of several different reverses recognized on the 1856-S issue. The obverse is quite well preserved all things considered, and sharp-edged devices and lettering abound. San Francisco Mint struck this denomination in 1855 to 1860 and again in 1870. Three-dollar gold pieces were primarily made at Philadelphia during its 36 year production, 1854-89. Pop 35; 81 finer (PCGS # 7975) .
Estimated Value $2,100 - 2,200.
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Realized
$2,468
Lot 1753
1856-S. PCGS graded AU-53. CAC Approved. Light golden toning on both sides. Choice surfaces exhibit some luster and a satin, almost matte-like around the legends that really engages the aesthetic sense of this being an early San Francisco Mint product with its serene beauty and bold "S" mintmark. Only 34,500 struck. Pop 34; 81 finer at PCGS. (PCGS # 7975) .
Estimated Value $2,100 - 2,200.
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Realized
$2,585
Lot 1754
1856-S PCGS graded Genuine Unc Details. Scratch. Light gold toning with reflective surfaces. Only 34,500 minted. An inexpensive way to acquire a higher grade S-mint $3 gold piece. The hairline pin scratch below the date is almost invisible unless you are looking for it (PCGS # 7975) .
Estimated Value $1,500 - 1,600.
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Realized
$2,350
Lot 1755
1857. PCGS graded MS-62. Light hint of gold tone. Only 20,891 minted. A rare Mint quality coin for the date, this example displays almost golden color whose satin surface with some die polish lines imparted with the luster, has warm color, with excellent eye-appeal. Struck from lightly clashed dies, an outline of Liberty is visible within the wreath on the reverse. Meticulous strike on every device is what collectors look for in a $3 gold, but this coin doesn't quite make the "full" grade on the wreath’s bow (nor do many of this denomination for this was a part of the design whose relief was too high to fill adequately with one stamp of the coining die). Just the same, the MS62 numerical condition is exact and obviously was carefully weighed by the grading service. Pop 32; 28 finer, 22 in 63, 1 in 63+, 3 in 64, 1 in 65, 1 in 66 (PCGS # 7976) .
Estimated Value $4,500 - 5,000.
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Realized
$6,463
Lot 1756
1857. NGC graded AU-58. Mostly untoned with semi-reflective fields. Only 20,891 struck (PCGS # 7976) .
Estimated Value $1,700 - 1,800.
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Realized
$1,998
Lot 1757
1857. NGC graded AU-50. Light hint of gold tone. Some luster around devices; well struck, as are most Philadelphia Mint $3 gold pieces. From a large mintage at the opening in 1854, production waned as time went on. This denomination never found active interest among merchants or the public. By 1857, only 20,891 were minted (PCGS # 7976) .
Estimated Value $900 - 950.
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Realized
$969
Lot 1758
1857-S. PCGS graded AU-50. Only 14,250 struck. Sharply defined and above average in terms of overall surfaces. Most numismatic buyers fail to realize the true rarity of many of the business strike $3 issues. As is the case in other gold denominations, the this sale contains a range of grades and higher end pieces of a quality seldom seen elsewhere. Included are notable specimens of the elusive issues of the low-mintage 1860s to some truly desirable coins from the low-mintage and ever-popular decade of the 1880s. Pop 24; 31 finer at PCGS. (PCGS # 7977) .
Estimated Value $3,800 - 4,000.
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Realized
$3,760
Lot 1759
1858. NGC graded AU Details, Improperly Cleaned. Lightly toned with reflective surfaces. Only 2,133 struck (PCGS # 7978) .
Estimated Value $500 - 550.
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Realized
$1,415
Lot 1760
1859. NGC graded AU-53. Mostly untoned with some luster, some bold detail, and endless attraction from the near mar-free surface. Minor abrasions found within the wreath, that is all. Scarce. Only 15,558 struck (PCGS # 7979) .
Estimated Value $1,600 - 1,700.
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Realized
$1,351
Lot 1761
1859. PCGS graded AU-50. Mostly untoned and lustrous. A few obverse marks. Only 15,558 struck (PCGS # 7979) .
Estimated Value $1,400 - 1,500.
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Lot 1762
1860. NGC graded MS-61. Very attractive golden toning with reflective surfaces and a date that is seldom seen Mint State. Only 7,036 struck. The present 1860 is a base Mint State specimen, still lustrous with muted frost, and with quality eye appeal. Well struck, only a few 1860 $3 gold pieces make their way to market; the present piece is here now available for bidding, and will soon delight a new owner.Pop 29; 35 finer at NGC. (PCGS # 7980) .
Estimated Value $3,000 - 3,200.
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Lot 1763
1860 PCGS graded Genuine AU Details. Smoothed. Only 7,036 minted. Mostly untoned (PCGS # 7980) .
Estimated Value $500 - 550.
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Realized
$823
Lot 1764
1860-S. PCGS graded AU-55. A nice untoned coin with mint frost. A few light obverse abrasions. The San Francisco Mint produced $3 pieces of the dates 1855-S, 1856-S, 1857-S, and 1860-S, after which only the 1870-S $3 was made, the latter coin considered to be unique today. The mintage of the 1860-S $3, all with a small S mintmark on the reverse, amounted to 7,000 pieces. Some 2,592 were considered to be light in weight and were stored at the mint until 1869, when they were melted into bullion. Thus, the net circulation mintage is only 4,408.

The 1860-S represents the latest-dated collectible San Francisco Mint $3. The only later issue is the famous 1870-S, showcased in the Eliasberg Collection in 1982, and now retained by the Harry W. Bass, Jr. Research Foundation. Pop 9; 10 finer, 7 in 58, 1 in 61, 2 in 62 (PCGS # 7981) .
Estimated Value $7,500 - 8,000.
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Lot 1765
1860-S PCGS graded Genuine AU Details. Polished. Only 7,000 minted. Untoned and reflective from the cleaning (PCGS # 7981) .
Estimated Value $600 - 650.
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Realized
$1,586
Lot 1766
1861. PCGS graded AU-55. A lustrous, untoned example. Only 5,959 struck. Scarce in all grades per the census report: Pop 40; 80 finer at PCGS. (PCGS # 7982) .
Estimated Value $2,800 - 3,000.
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Realized
$4,465
Lot 1767
1862 PCGS graded Genuine AU Details. Cleaning. Only 5,750 minted. A hint of gold tone (PCGS # 7983) .
Estimated Value $500 - 550.
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Realized
$2,585
Lot 1768
1863 PCGS graded Genuine AU Details. Smoothed. Only 5,000 minted. A hint of light tone (PCGS # 7984) .
Estimated Value $600 - 700.
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Realized
$1,763
Lot 1769
1864. NGC graded AU Details, Improperly Cleaned. Mostly untoned. Only 2,630 struck. The 1860s decade saw limited gold issuance other than the double eagle denomination (used extensively for import payments). Civil War intervened in 1861-65. That, and the consequences of unbacked Legal Tender paper money issues drove gold and silver into hoards, to be replaced by shinplasters, tokens, and Fractional notes along with the Legal Tender or "greenback" currency flood (PCGS # 7985) .
Estimated Value $600 - 650.
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Realized
$2,174
Lot 1770
1865. NGC graded AU-55. Lovely golden toning with reflective surfaces. Only 1,140 struck. A rarity in all grades, this has a certain pizzazz from having been extracted from circulation before it became heavily worn and abraded. A choice coin for the rarities connoisseur! Pop 11; 44 finer at NGC. (PCGS # 7986) .

Historic note: The $3 gold piece was approved by the Act of February 21, 1853, a central piece of legislation from a numismatic angle, and an act which also involved the silver coinage, namely the cut in weight of the half dime, dime, quarter, and half dollar, and the addition of arrows at the side of the date to denote the new standard. Whether or not the $3 denomination was necessary or worthwhile has been a subject of discussion among coin collectors for well over a century. At the time of its launch in 1854, the $3 had as a close rival -- the long running $2.50 quarter eagle.
Estimated Value $4,500 - 5,000.
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Realized
$7,931
Lot 1771
1866. PCGS graded MS-61. Light gold toning. Only 4,000 minted. Lustrous and original quality. Each side has a beaming reddish-gold color that is surrounded by a nice margin of frostiness. Struck with care throughout the designs and legends. A scarce 1866 issue. Pop 9; 28 finer (PCGS # 7987) .
Estimated Value $4,000 - 4,400.
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Lot 1772
1866. NGC graded AU Details, Improperly Cleaned. Light gold tone. Only 4,000 struck. Another elusive 1860s decade coin, though under the shadow of its 1865 counterpart, still and all well worth considering.

The date logotype this year was made by punching the final 6 deeper into the die than the first 6, giving the final 6 a somewhat larger appearance, although the same punch was used when the logotype was made. On the present die, the digit 1 is especially prominent, probably indicating that the punch was not evenly applied into the working die. Other technicalities could be studied (PCGS # 7987) .
Estimated Value $700 - 750.
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Realized
$1,528
Lot 1773
1867. NGC graded AU-58. A hint of light tone with reflective surfaces and much mint glitter still present. Well struck on the main devices. The chief weak point on almost all dates in this ephemeral series (1854-89) is the ribbon that ties to two halves of the wreath together. The bow knot tends to be indistinct on most. Still, 1867 is up there among the scarcest years with only 2,600 struck. Business strikes were delivered on January 24, 1867. Apparently there was no further call for the denomination. The date logotype is deeply punched into the die, producing a bold image. Pop 45; 27 finer at NGC. (PCGS # 7988) .
Estimated Value $2,500 - 2,600.
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Realized
$3,055
Lot 1774
1868. PCGS graded MS-63. Lovely rich golden toning. Only 4,850 minted. Effusive, or even overgenerous mint frost in amounts so that confirms this coin borders on a possibly higher grade; and warm flaxen-gold to orange-gold color. Clockwork precision seen in the strike, though with minor flatness on the wreath bow. A small mark is noted above the first 8 of the date.

The handsome Longacre first "cereal wreath" which is used on the flying eagle cents, the gold dollars (type 2 and 3) as well as this $3 gold, is comprised of corn, wheat, cotton and tobacco. Longacre’s second wreath, used on numerous pattern coins as well as the half dimes and dimes during his tenure in office, is comprised of cotton, tobacco, sugar cane, corn, wheat and oak leaves. This is the first design of a cereal wreath created by the Mint’s chief engraver, 1844-69. James Longacre passed away the year after this $3 gold piece was issued. Pop 22; 21 finer, 14 in 64, 5 in 65, 2 in 66 (PCGS # 7989) .
Estimated Value $8,000 - 8,500.
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Lot 1775
1868 PCGS graded Genuine Fine Details. Ex-Jewelry. Only 4,850 minted. Cleaned (PCGS # 7989) .
Estimated Value $450 - 500.
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Realized
$517
Lot 1776
1869 PCGS graded Genuine AU Details. Scratch. Only 2,500 minted. Some obverse scratches are evident. A coin issued during one of the most hectic years on record. First, there was a nearly successful attempt to corner the New York gold market by crafty speculators which confounded money men world-wide; then, too, the first cross-country railroad link was completed with the pounding-in of the golden spike at Promontory, Utah to similar world-wide news coverage. It is interesting to note that the mintage of gold at the San Francisco Mint continued fairly substantial compared to that of Philadelphia during the decade of the Civil War. One reason for this divergence was that the East was recovering from the devastating effects of the War while things were "business as usual" on the West Coast. As this 1869 $3 coin demonstrates, gold was in circulation in some areas, and apparently for a long time since it sustained a light amount of wear suggesting a few years in circulation. If only it could speak; if only it could tell the tale of its years in the business center of the country, the Eastern Seaboard (PCGS # 7990) .
Estimated Value $500 - 550.
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Realized
$911
Lot 1777
1870 PCGS graded Genuine AU Details. Scratch. Reflective fields. Only 3,500 minted. Another scarce year in this series that produced many low mintage issues (PCGS # 7991) .
Estimated Value $500 - 550.
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Realized
$1,410
Lot 1778
1871. PCGS graded EF-45. Lightly toned. Only 1,300 struck. Discounting the gold content, this choice 1871 $3 has a very low collector premium given its minuscule coinage number! (PCGS # 7993) .
Estimated Value $1,300 - 1,400.
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Realized
$1,469
Lot 1779
1872. NGC graded Proof 64 Cameo. CAC Approved. Only 30 minted. Lovely light gold toning. Same obverse as 1869-71, with the same rust patches below nose and throat, diagnostic of the Proofs. Reverse Low date to right, right edge of 2 well to right of left upright of R (unlike business strikes). Extra outlines in and partly around 3. Unpolished areas in bows. Dentils joined at right, elsewhere mostly separated.

Vivid yellow gold color with deeper orange on the frosted relief plus some rose highlights on both sides. Heavily reflective fields and equally nicely frosted motifs form a pleasing Cameo contrast which is noted on the NGC grade holder. The devices are well struck, as should be expected from a Proof of the year. We suspect perhaps from 20 to 25 Proofs of the date can still be accounted for today, which tells us that many, if not all of the Proofs struck in 1872 were distributed that year by the Mint. That aside, the date is still decidedly rare in Proof, and the present lovely specimen is easily equal to the assigned grade. Another prize within the $3 series. Pop 7; 3 finer, 2 in 65, 1 in 66 (PCGS # 88035) .
Estimated Value $29,000 - 30,000.
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Lot 1780
1872. NGC graded AU-53. Light golden toning with reflective fields. Only 2,000 struck. A lustrous example with a nuance of pale antique color on both sides, all of which serves to underpin the careful preservation. Struck from typically sharp dies that imported a firm image, especially at Liberty’s hair and the wreath. Only the ribbon bow on the reverse shows any lack of detail, and this is typical (PCGS # 7994) .
Estimated Value $1,700 - 1,800.
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Realized
$1,880
Lot 1781
1873. Closed 3 PCGS graded Genuine AU Details. Cleaning. Only 100 minted. Lightly toned with hairlines visible. Important rare date. Mint records if they ever existed, are now missing on the striking of any 1873 $3 gold pieces for circulation; they report the 25 Proofs (with no special indication as to the style of the 3). Some put forward mintages from 100 to 1,000 coins, which were struck in 1873, perhaps as late as 1879. The mystery of the 1873 $3 gold pieces will to be solved until further Treasury Department documentation turns up (PCGS # 7995) .
Estimated Value $2,000 - 2,400.
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Realized
$6,463
Lot 1782
1874. PCGS graded MS-62. Lovely golden toning. Only 41,800 struck. Housed in an Old Green Holder. Vivid golden shades erupt from the select original surfaces untouched by damaging marks or copper spotting. A strong strike as well, making this an advantageous coin for the focused collector. Circumstances with the bloom off the dies being what it is, sharp-edged devices and lettering throughout add nicely to this MS62 coin’s merit (PCGS # 7998) .
Estimated Value $2,600 - 2,700.
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Realized
$2,938
Lot 1783
1874 PCGS graded Genuine AU Details. Cleaning. Only 41,800 minted. Light gold tone (PCGS # 7998) .
Estimated Value $500 - 550.
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Realized
$764
Lot 1784
1876. PCGS graded Proof 55. Only 45 minted. Popular key date. Nice golden toning on both sides. The Proof-only 1876 $3 gold piece is made famous by its low mintage and similarly low survival, once believed as few as 25 to 30 were extant. It is in the good company of several other extremely rare Proof issues in the $3 series including those of 1861, 1874, and 1878, but with the proviso that the others are not Proof-only dates.

The Garrett-Guth Encyclopedia researchers found that the 1876 $3 Proofs were struck on two occasions, once in February, totaling 20 coins, and again in June, when another 25 coins were produced. An unknown number of pieces were also struck at a later date from a different obverse die. It seems one can never really a handle on the numbers, or with speculation about this historic issue. It goes without question that the 1876 is an tried-and-true rarity, that much is certain. And it is a date that any collector of the series will need, well and good. This particular coin has pleasing gold surfaces and some remaining "depth" of reflectivity in the fields. Someone likely spent it. Someone else, noticing its sparkle and golden allure, possibly in a bank’s coin tray, hauled it back out and stashed it for himself or his heirs. By way of contrast, the devices are still frosted against the reasonably proof-mirrored fields. Pop 3; 29 finer (PCGS # 8040) .
Estimated Value $25,000 - 30,000.
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Lot 1785
1877 PCGS graded Genuine AU Details. Smoothed. Mostly untoned. Still a nice looking coin with sharp detail and some luster. Only 1,468 minted (PCGS # 7999) .
Estimated Value $1,900 - 2,000.
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Realized
$2,703
Lot 1786
1878 PCGS graded Genuine AU Details. Damage. Reverse mark. Only 82,304 minted (PCGS # 8000) .
Estimated Value $500 - 550.
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Realized
$588
Lot 1787
1879. PCGS graded MS-62 PQ. CAC Approved. Only 3,000 struck. Untoned with nice reflective fields. A wonderful coin. Beginning in 1879 and continuing to the end of the series in 1889, there was a modest investment and speculative interest by the public in $3 gold coins, and more Mint State pieces were saved than would have been the case otherwise. However, none are really common, as the low mintages indicate (PCGS # 8001) .
Estimated Value $4,000 - 4,250.
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Realized
$4,230
Lot 1788
1880. PCGS graded Genuine, Altered Surface - UNC Details. Mostly untoned with semi-reflective fields. A nice looking coin. Only 1,000 struck (PCGS # 8002) .
Estimated Value $1,600 - 1,700.
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Realized
$2,350
Lot 1789
1881. NGC graded AU Details. Improperly cleaned. Lovely golden toning on both sides. Semi reflective surfaces. This year reached a low point in business strikes: Only 500 struck. A desirable date (PCGS # 8003) .
Estimated Value $2,000 - 2,100.
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Realized
$4,935
Lot 1790
1883. NGC graded AU Details. Improperly cleaned. Highly toned with reflective surfaces. Later business strike $3 issues are scarce as a rule, with only 1887-89 being comparatively common. The 1883 is one of three dates with 1881 and 1885 where production never made it to one thousand coins. Desirable as such. Only 900 struck (PCGS # 8005) .
Estimated Value $700 - 750.
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Realized
$1,880



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