Lot 1411
1859 $3 Gold. NGC graded Proof 65 Ultra Cameo. A dazzling bright and untoned Ultra Cameo Gem of this early "Indian Princess" $3! This issue is the first in the Proof Three-dollar series for which the Guide Book lists a mintage figure. A total of 80 pieces struck is reported in federal archives, but it seems absurd that all of these coins were distributed by year's end considering the meager number of auction appearances (see census below). Mint Director Colonel James Ross Snowden's campaign to market Proofs to collectors was in its formative period, and we agree with Bowers and Winter that upwards of two-thirds of the original mintage may have been melted as unsold. Today, possibly a dozen Proof 1859 $3 gold pieces are believed to exist, the present sparkling Gem Proof 65 certainly one of the most appealing.
Both sides are nicely frosted in finish with sleek, reflective fields supporting the bold devices. Even yellow-gold color throughout, there are no blemishes that are worthy of note. Pedigree concerns alone cause us to mention a tiny spot in the field below the letter U in UNITED. With solid technical merits and infinite eye appeal, this coin could easily become a showpiece in an advanced Type collection of U.S. gold, or, if the challenge be taken, in an even more advanced Proof date collection of $3 gold! Pop 2; none finer at NGC. No Deep Cameos at PCGS for this date.
Estimated Value $60,000 - 70,000.
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| Realized $57,500 |
