Lot 1234
1859 $3 Gold. NGC graded Proof 65 Ultra Cameo. In NGC holder 1561372-001. A spectacular brilliant untoned gem proof with deeply frosted devices thus NGC's Ultra Cameo designation. Only 80 proofs minted. This date is the first in the Proof three-dollar series for which A Guide Book of United States Coins lists a mintage figure. The total of 80 pieces struck is reported in federal archives, but it seems unlikely all of these were sold to collectors by year's end. Mint Director Colonel James Ross Snowden's campaign to market Proofs the the public was still taking shape, and we concur with Bowers and Winter (2005) that upwards of two-thirds of the original mintage may have been melted as unsold. Today, as few as 11 to 13 Proof 1859 Threes are believed extant, the present Gem certainly positioned as one of the most attractive.
Both sides are deep with cameo-like contrast in finish, while bright, reflective fields support the sharp, satiny devices. Even yellow-gold color is seen throughout. Best of all, we are unable to pinpoint a single blemish that needs describing. With strong technical merits and captivating Ultra Cameo eye appeal, this coin will serve as a centerpiece in any advanced collection of U.S. gold. Pop 1; 3 in 66 UC, 1 in 67 UC (PCGS # 98022) .
Die characteristics of the 1859 Proofs: Simlar to 1858 obverse but die polish on throat less noticeable; die polish in feathers above E and T; dentils joined above AMERICA, elsewhere apart. Reverse Traces of repunching on 9.
Estimated Value $50,000 - 60,000.
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