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Lot
4730

1863 $3 PR66 Ultra Cameo NGC. CAC....

2011 March Sacramento Signature ANA US Coin Auction #1153

 
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Auction Ended On: Mar 18, 2011
Item Activity: 8 Internet/mail/phone bidders
5,664 page views
Location: Sacramento Convention Center
1400 J Street
Hall A
Sacramento, CA 95814

Description:

Civil War-Era 1863 Three Dollar Gold
PR66 Ultra Cameo
1863 $3 PR66 Ultra Cameo NGC. CAC. The Civil War threatened to disrupt the nascent distribution system for proof coins to a mass numismatic audience, though history records that mintages persisted through the entire conflict. In 1863, for example, the year that Confederate forces reached the same state that houses the Philadelphia Mint, that facility struck a full range of proof copper, silver, and gold coins, including the little-used three dollar gold denomination.
The mintage was not high, of course, and today, the proof 1863 three dollar gold is a valuable rarity regardless of condition. In The United States $3 Gold Pieces, Q. David Bowers writes:

"Somewhat over a dozen Proofs survive from a stated production of 39 pieces. Generally, these are in higher grade levels, have cameo contrast, and are very attractive. Such coins are generally available only to buyers who have a great amount of patience."


The patient buyer will find a great reason to have waited in this marvelous specimen, a fantastically contrasted coin with pale gold frost over the devices and gleaming yellow mirrors. While a copper spot appears off the corner of the R in LIBERTY on the obverse and a lintmark curls through the lower reaches of the R in DOLLARS on the reverse, post-striking defects are few, and the overall visual appeal is magnificent. This is the only Ultra Cameo or Deep Cameo coin rated at PR66 in the combined certified population (1/11), and there are none finer.(Registry values: P4) (NGC ID# 28A3, PCGS# 98026)

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