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Lot
2721

1858 3CS PR68 NGC....

2008 January Orlando, FL (FUN) Signature Coin Auction #454

 
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Auction Ended On: Jan 10, 2008
Item Activity: 5 Internet/mail/phone bidders
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Location:

Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Lot Viewing, Room 220 D, E, F
Auction, Room 230 B

Description:
Magnificent PR68 1858 Three Cent Silver
The Finest Certified
1858 3CS PR68 NGC. Sometimes, the greatest gifts come in the smallest packages. Such is the case with this magnificent three cent silver. Although the reported mintages range from between 60 to 75 pieces (Walter Breen, 1977) to 300 plus examples (2008 Guide Book), the proper number is probably somewhere in between, judging from the PCGS and NGC population data. The same population reports that researchers use to discern the mintage also confirm the rarity of this issue in extraordinary states of preservation. PCGS has graded no examples finer than PR67 and NGC has certified a sole example in PR68 (12/07), the presently offered lot. Steel-gray toning covers the obverse. The reverse has more cobalt-blue color and a slightly golden center that adds heat to the otherwise cool surfaces. The mirrors are as deep as one will find on a trime and the devices have an appreciable amount of frost on them. The design elements show an exquisite strike, and no areas reveal hints of weakness. Excessive die polishing has removed a couple of small segments of the star outlines in the southwest obverse quadrant and heavy diagonal die striations are noted in the obverse fields. The Type Two three cent silver is undoubtedly one of the most eagerly sought type coins in U.S. numismatics. Its short life span of only five years for the type and 1858 being the only year generally found in proof, make the proof Type Two a perennial favorite of both collectors and investors alike.(Registry values: N10218) (NGC ID# 27C5, PCGS# 3705)

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