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Lot
6412

1875 $3

1998 Mid-Winter ANA Signature Sale #184

 
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Auction Ended On: Mar 20, 1998
Item Activity: 2 Internet/mail/phone bidders
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Location: Cincinnati, OH
Description:
Legendary 1875 PR 64 Cameo Three-Dollar Gold
1875 PR 64 Cameo NGC. Of all the acclaimed issues in the three-dollar gold series, only the unique 1870-S surpasses the proof-only 1875 for notoriety, this being the first issue from the series to surpass the $100,000 barrier, nearly a quarter century ago. The officially listed mintage of 20 proofs is thought to be slightly understated on the 1875, since the number of pieces extant is estimated at about 30 coins. These appear to have originated from two distinct dies.
The specimen offered here is from what experts speculate to be the first die utilized. It exhibits a faint die scratch through the F in OF and a partially filled lower loop of the first S in STATES. In addition, the bow on the wreath is fully detailed, unlike the second variety. The surfaces exhibit full, watery brilliance and contrast that must be considered minimal, in spite of the "Cameo" designation it received. Wispy hairlines are scattered throughout, the most noticeable located just in front of Liberty's nose and another below her chin. These, however, are both short and relatively unobtrusive. Notable for its high quality and completeness, the Donald H. Carter collection of proof three-dollar gold pieces which we sold in January contained three 1876s, another well known proof-only issue, but did not include the even more famous 1875. Population: 1 in 64, none finer (2/98). (NGC ID# 28AH, PCGS# 8039)

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