Menu
Welcome Sign-In | Join Now
Sold for Sign-in or Join (free & quick) includes Buyer's Premium (BP) 

Description

Stunning PR65 Ultra Cameo 1859 Three Dollar

1859 $3 PR65 Ultra Cameo NGC. The 1859 is the first proof three dollar gold issue offered for sale to the public, and also the first for which an official mintage is known: 80 pieces. This figure, however, has only a tenuous connection to the reality for today's collectors. As Garrett and Guth note in their Encyclopedia of U.S. Gold Coins:

"The mintage figures for Proof $3 gold pieces in 1859, 1860, and 1861 are the number of coins struck, not actually sold. In all three cases, an unknown number of unsold Proofs was left over and most likely destroyed. The number of survivors of each date supports a true mintage figure of about three-dozen coins..."


Garrett and Guth continue by noting that such a mintage would be in line with the stated mintages for 1862 and 1863 proof three dollar coins, at 35 and 39 pieces, respectively, by which time the Mint had become more attuned to the likely level of proof gold sales for each year.
While non-Ultra Cameo coins have been certified in higher numeric grades, there are no finer Ultra Cameo or Deep Cameo coins than this remarkable Gem; NGC lists two PR65 Ultra Cameo coins in its Census Report, while the PCGS Population Report shows no Deep Cameo equivalents in Gem (4/10). Leaving the population figures aside, this is simply a beautiful specimen. The canary-yellow frost of the exquisitely struck devices and the gleaming golden-black of the mirrors combine for spectacular contrast. A few tiny planchet flakes are visible, but not distracting, and while close inspection turns up a handful of hairlines, the overall effect is consistent with the grade assigned. A magnificent Gem that offers a grand opportunity for the discerning collector of 19th century proof gold.(Registry values: P5) (NGC ID# 289X, PCGS# 98022)

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Glossary of Terms

Auction Info

Auction Dates
June, 2010
2nd-6th
Internet/Mail/Phone Bidders: 7
Members Tracking: N/A
Page Views: 5,219

Buyer's Premium per Lot:
15% of the successful bid (minimum $14) per lot.

Heritage membership

941,227
bidder-members
$878,327,059
sold in the last year

Join Now - It's Free

VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 

Consignments wanted

Only 2 days left to consign to the 2015 September 16 - 21 US Coins Signature Auction - Long Beach!

Learn about consigning with us

Very good selection of scarce material as well as some for the average collector.
J.S.,
Rochester, MN
View More Testimonials

HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com

Video tutorial

Getting the most out of search

Recent auctions

2015 July 9 - 12 Summer FUN US Coins Signature Auction - Orlando Summer FUN
2015 July 9 - 12 Summer FUN US Coins Signature Auction - Orlando Summer FUN
REALIZED $8,308,723
2015 April 9 - 14 CICF World Coins & Ancient Coins Signature Auction - Chicago
2015 April 9 - 14 CICF World Coins & Ancient Coins Signature Auction - Chicago
REALIZED $6,503,481
2015 April 22 - 28 CSNS Currency Signature Auction - Chicago
2015 April 22 - 28 CSNS Currency Signature Auction - Chicago
REALIZED $10,592,191

© 2015 Heritage Auctions | All Rights Reserved