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Lot
5652

1858 $3 AU58 NGC....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 26, 2013
Item Activity: 6 Internet/mail/phone bidders Number of Bidders
188 page views
Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:
1858 Three Dollar Gold, AU58
Underrated Series Rarity
1858 $3 AU58 NGC. This is an amazingly rare date, and one that is not often mentioned during discussions of gold rarities. The mintage was just 2,133 coins, and only about 5% of those survive today. In The United States $3 Gold Pieces, Dave Bowers and Doug Winter suggested that only about 125 examples survive. They continued: "At one time this date was the darling of writers for auction catalogues, but in recent decades its fame has dimmed, most probably because current market emphasis is on high-grade Mint State coins, even of common dates, and truly rare coins at levels such as EF and AU are relatively unnoticed." This example is a lovely specimen with rich yellow-gold luster and frosty surfaces. A few faint hairlines and abrasions are relatively harmless. Census: 24 in 58, 9 finer (3/13).
Ex: Denver ANA (Heritage, 8/2006), lot 1752.(Registry values: N2998) (NGC ID# 25MC, PCGS# 7978)

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