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1854-D $3 AU58 NGC....

Lot: 2408, Auction: 2008 February Long Beach, CA Signature Coin Auction #460

Sold for: $54,625.00 (includes BP )
Bid Source: Live: Floor
Ended: Feb 14, 2008
Item Activity: 8 Internet/mail bidders
829 page views

Description:

Captivating Near-Mint 1854-D Three Dollar Gold

1854-D $3 AU58 NGC. Following the authorization of the three dollar gold piece, a trio of Mints, those at Philadelphia, Dahlonega, and New Orleans, struck the denomination in 1854. Of the three, only Philadelphia would continue production of the pieces, with intermittent contributions from San Francisco in later years.
While the main Mint produced the denomination's highest mintage in 1854 and the New Orleans output of 24,000 was more than respectable by three dollar gold standards, demand for the coins was practically nil in Dahlonega, and the Georgia facility struck only 1,120 examples. That number would stand as the lowest mintage for a circulation issue until Philadelphia coined only 1,000 pieces in 1880. While the low-mintage late-date three dollar gold issues are popular with series collectors, the desire of that comparatively small population pales in comparison to the collective demand of branch mint gold enthusiasts. With the exception of the presumably unique 1870-S, which is permanently impounded in the Bass Foundation Collection, the 1854-D is the most sought-after of the three dollar gold issues and is the most expensive across virtually every grade.
The present piece, an impressive near-Mint survivor, showcases lovely yellow-gold surfaces with subtle peach accents. The luster is virtually intact, with subtle interplay between satin and radiance, though a touch of highpoint friction on the well struck devices precludes a finer distinction. Nonetheless, this coin retains a clean appearance compared to most survivors. Indistinctness at the obverse denticles is a Dahlonega hallmark. NGC has graded just eight finer examples, a total that almost assuredly includes resubmissions (1/08).(Registry values: N7079) (#7970)

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Shipping Description: Coins & Currency (view shipping information)

Guides and Pricing Information:


Previous Prices from Heritage Auctions

Lot Date Grade Service Realized
Auction 1125, Lot 1593 Sunday, May 31, 2009 58 NGC $44,562.50
Auction 1122, Lot 2613 Sunday, February 8, 2009 58 NGC $40,250.00
Auction 444, Lot 1871 Sunday, August 12, 2007 58 NGC $51,750.00
Auction 394, Lot 3439 Saturday, January 7, 2006 58 NGC $46,000.00
Auction 342, Lot 9007 Saturday, January 31, 2004 58 NGC $39,100.00
View prices realized from this item in other grades (you must be signed in)
PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.

Price Guide*

Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
55 $45,000 $49,690 $39,750 $36,250 $36,500 $55,000
58 $55,000 $55,310 $44,250 $40,500 $41,000 $65,000
60 $75,000 $74,380 $59,500 $53,500 $53,500 $90,000
*All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information.

Population Guide

Service Grade Population in this Grade Population of Higher Grade Population in All Grades Mintage Engraver
PCGS 58 8* 4* 122 1,100 James B. Longacre
NGC 58 31 9 98
*This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auction Galleries.

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