Lot 1240
1854 $3 Gold. PCGS graded MS-64. Nice even gold toning on both sides. Bright with gold-on-gold somersaulting luster whose radiance on both sides of this cleanly untoned example must be seen to be appreciated. The coin stands head and shoulders above the competition. In fact, the mark-free surface points to this as one of the few really choice MS64s of the first year of issue. A munificent strike, as well as freedom from the usual clash marks typical for this issue where insufficient die pressure occurs all too often. And that is why this is a coin to jump at before it's sale is history. Come prepared for stiff competition. Many learn for the first time what a bitterly hard thing it is for a collector to win such a wickedly beautiful coin when the action heats up during bidding. Pop 118; 27 finer; 19 in 65; 5 in 66; 2 in 67; 1 in 68. (PCGS # 7969) .
Why are these so scarce in choice Mint condition? According to published reports, even so late as the 1930s the Treasury was melting Three-dollar Gold pieces as they were received. This was in line with President Franklin Roosevelt's 1933 demonetization order. Since the denomination ceased actively circulating in 1889, the Treasury had nearly fifty years in which to separate out any Three-dollar pieces which flowed through. Is it any wonder, then, why this denomination is one of the rarest, regardless of date, mint, or state or preservation?
Estimated Value $8,000 - 8,500.
The Mark Gordon Collection.
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| Realized $8,338 |
