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Well-Balanced 1863 Three Dollar, PR64 Cameo
Only 13-16 Proofs Believed Known

1863 $3 PR64 Cameo NGC. CAC. The 1863 has a mintage of only 39 proofs, all of which were delivered on March 23. Even that number may be high, with some possibly melted at year's end. It is believed that today between 13 and 16 distinct proofs are known (according to the Bass Sylloge). The two major grading services have certified a total of 16 coins, three of which were PR58. Of the few proofs examined for diagnostics, those that should appear on all examples include:

--Extra outlines on the ribbon ends and outer edge of the lower right wreath. This appears to be a result of "Longacre doubling," often seen on gold dollars and a result of punching the devices too deeply in the die.
--Bass notes the obverse is the same as the "1861 #1 Proof. Moderately hubbed head."
--On the reverse the date is even and a bit low of center.
--The 6 in the date is a bit right of center under the L.
--Bass notes the collar is new with "sharply beveled edges."
--The reverse of the Trompeter coin had "Dentils apart at top, elsewhere joined.; inner circle at lower right."

This is an impressive piece of proof gold. The fields are uniformly and deeply reflective with mint frost over the devices, which gives the coin a well-balanced cameo appearance. And well-balanced may be the best way to describe this proof. The mirroring and fine orange-peel texture are the same from side to side. The only surface flaws worthy of mention are a couple of shallow field marks on the left border of the reverse between the wreath and denticles. The color is even, with both obverse and reverse a lovely reddish-golden. Census: 3 in 64 Cameo, 3 finer (11/10).
From The Henry Miller Collection.(Registry values: N7079) (NGC ID# 28A3, PCGS# 88026)

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Auction Dates
January, 2011
Internet/Mail/Phone Bidders: 9
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