Bid InformationFor your convenience, the bid information on this page automatically refreshes with the most up to date data so you don't have to refresh/reload this page.
Minimum Next BidBid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the Current Bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a Cut Bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment.
Internet bids are required only to bid the increment past the Current Bid, or more. Internet bids greater than one increment over the Current Bid can be any whole dollar amount.
It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
Number of BiddersThis number represents the number of individual bidders prior to the close of Internet bidding on each lot. An individual who bids more than once is still counted only once. During the live session, only the winning bidder is included in this number, although detailed records are kept of all forms of bids.
Although many lots will not get reserves, this signifies that we have not yet posted any reserves to this entire auction. Reserves are usually posted approximately 3 days prior to the closing for Internet-only auctions, and approximately 7 days prior to the live session for Signature auctions. At that point, any unmet Reserve will become both the price shown (with an asterisk) and the Minimum Next Bid, regardless of any previous bids.
Although the consignor's agreement allows a reserve on this lot, the deadline for submitting such a reserve has elapsed. If consignor submits a reserve post-deadline and the item fails to meet that reserve, we may charge the consignor a higher reserve fee.
This lot is being sold without a consignor reserve. (Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
What's This?The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.
BP - Buyer's Premium per LotA Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $0) per lot. Please see #2 in our Terms & Conditions.
Not SoldThis indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.
Opening Bid:Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
Extended Payment Plan
Available on select items as noted on the item page in the bidding area.
- Minimum invoice total is $2,500.
- Subject to a refundable 3% set-up fee, which will be paid as part of your 1st monthly installment. This fee will be refundable upon completion of the plan if the following conditions are satisfied:
- There is no penalty for paying off early.
- Non-dealers only
- With pre-approved credit application
- Get pre-approved by filling out a credit application.
- Bid normally and win some lots.
- When you get your electronic invoice, select "other" from the payment options.
Note: This offer may not be available on some items.
Terms and Conditions
Extended Payment Plan for Heritage Owned Inventory Items(excludes Virtual Bourse, Comic Market and Virtual Sports Show)
- Minimum invoice total is $2,000.
- Minimum down payment is 20%.
- There is no penalty for paying off early.
- Non-dealers only
SMS Alerts- Receive a text message approximately 35 lots ahead of your item being up for bidding at auction, with a link to bid in Heritage Live in the text message. Haven't registered? Visit MyProfile to sign-up for free by entering your mobile number. The green icon indicates Live Bidding Text Alerts are on for that lot. Live Bidding Text Alerts are only available for lots in live sessions.
1. Microscopic die scratch from the upper left serif of the F in OF.
2. Lower half of the first S in STATES filled.
3. Well formed leaves at both sides of the date.
4. Heavy point on bottom of upper serif on S in DOLLARS.
5. Microscopic lump on the outer curve of the S in DOLLARS.
6. Extra outline within the 3 in the denomination.
7. Die scratch running through the reverse denticles above the two maple leaves in the upper right side of the wreath.
8. Left bow mostly filled.
9. Right bow clear.
10. Sharp striking definition over the bottom of the wreath.
The present example displays all of these features. For comparison purposes, however, we also include Breen's diagnostics for the restrikes:
1. Prominent rust pits around the OL in DOLLAR.
2. Lower wreath softly defined.
3. Extra outlines on the 3 in the denomination, as well as on the right ribbon and the right side of the wreath.
It is also interesting to note that Paul F. Taglione, in his 1986 book A Reference to United States Federal Gold Coinage, disagrees with Breen's theory concerning the restrike 1875 three dollar gold pieces. In his opinion, these coins may have been struck at a later date in 1875 and simply not included in the Mint's records. David Akers agrees with Taglione, as does Bowers in his catalog description for the Eliasberg specimen that sold in the United States Gold Collection (10/82), lot 301. We leave it to the bidder to decide if Breen's diagnostics differentiate between two die varieties of the originals, or whether they distinguish originals from restrikes.
The number of surviving examples of this issue is approximately 31-33 coins. We have been unsuccessful in tracing the pedigree of the present example. We do know that two proof 1875 three dollar gold pieces are impounded in museums, specifically the Smithsonian Institute and the ANS Museum. We also know that this coin is not the aforementioned Eliasberg specimen or the Byron Reed example (Spink, 10/96, lot 174). We know of several other examples that Stack's handled in such auctions as the Delta Sale (9/61, lot 244), the Samuel Wolfson Collection (10/62, lot 303), the R.L. Miles, Jr. Collection (10/68, lot 294), and the Theodore Ullmer Collection (5/74, lot 421). Unfortunately, the quality of photography in these catalogs is such that we cannot accurately compare those coins to the present Gem.
NGC and PCGS have certified only nine examples of this rare issue in grades that range from PR 45 through PR 65 (10/00). This is the single finest coin known to both grading services, and it is a special coin. The thickly frosted devices are set against a backdrop of mirrored reflectivity in the fields. The color is a deeply set, reddish-gold hue, and the strike is expectantly bold for the die variety. There are no noticeable post-production distractions on either side. Pedigree purposes compel us to mention the following small planchet voids in the reverse field: below the S in DOLLARS; and to the left of the date near the wreath. Over the past decade, we have offered only one other 1875 three dollar gold piece, a PR 64 Cameo NGC specimen. That coin realized $83,375 as lot 6412 in our 1998 ANA National Money Sale.
From the Mike Crudginton Collection. (NGC ID# 28AH, PCGS# 8039)
Service and Handling Description: (view shipping information)