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1854-O $3 AU58 PCGS....

Lot: 2412, Auction: 2008 February Long Beach, CA Signature Coin Auction #460

Sold for: $34,500.00 (includes BP )
Bid Source: Live: Floor
Ended: Feb 14, 2008
Item Activity: 8 Internet/mail bidders
1,525 page views

Description:

Lustrous 1854-O Three Dollar, AU58

1854-O $3 AU58 PCGS. The current coin is sure to garner the attention of experienced numismatists, as the eye appeal and technical aspects seem to beckon to a higher grade. At the very least, we can say that this example is conservatively graded. The highly lustrous surfaces are unusually nice for the assigned grade, and finding another near-Mint State 1854-O three that is as aesthetically pleasing would present quite a challenge.
As of (1/08) PCGS has certified 16 specimens at the AU58 level with only two finer: one MS61 and a single MS62. There is little doubt that the number certified as AU58 includes resubmissions of the same coin, considering that the financial reward between an AU58 and a Mint State example is dramatic. Again, after more than 20 years of professionally grading coins, PCGS has only certified two 1854-O threes above AU58. The rarity of this issue in Uncirculated grades is obvious and actually somewhat underrated. Doug Winter, in his Gold Coins of the New Orleans Mint (2006), notes that the 1854-O three dollar is "an extremely hard issue to locate in high grades" and that he has seen "only a handful of attractive, original pieces and these generally command a large premium among knowledgeable collectors." The same branch mint gold specialist goes on to state that the 1854-O three is "very rare in correctly graded AU58." Further collector pressure is placed on this issue as it is the only date in the three dollar series that was struck at the New Orleans Mint. The surfaces are bright yellow-gold. Both sides exhibit a surprising amount of satiny mint luster. Spirited bidding is expected to ensue.(Registry values: N2998) (#7971)

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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 454, Lot 3113 Saturday, January 12, 2008 58 PCGS $19,550.00
Auction 346, Lot 9356 Saturday, May 8, 2004 58 PCGS $10,350.00
Auction 1125, Lot 1597 Sunday, May 31, 2009 58 NGC $11,500.00
Auction 1114, Lot 1920 Sunday, August 3, 2008 58 NGC $12,075.00
Auction 444, Lot 1872 Sunday, August 12, 2007 58 NGC $10,925.00
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 $12,500 $9,810 $7,850 $7,150 $7,250 $11,000
58 $17,500 $15,310 $12,250 $11,000 $11,250 $26,000
60 $28,500 $42,250 $32,500 $29,500 $29,500 $57,500
*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 18* 2* 455 24,000 James B. Longacre
NGC 58 97 18 712
*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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