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4750

1885 $3 PR62 PCGS....

2010 October Stamford Coinfest Signature US Coin Auction #1145

 
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Auction Ended On: Oct 29, 2010
Item Activity: 8 Internet/mail/phone bidders
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Location: Marriott Stamford Hotel & Spa
243 Tresser Boulevard
Stamford, CT 06901
Description:
1885 Three Dollar, PR62
Uncommon as a Proof, Only 109 Pieces Produced
1885 $3 PR62 PCGS. The 1885 has a relatively high mintage of proofs with 109 pieces, but that should be understood in the context of this rare series. Few proof three dollar gold pieces are known of any date in any grade. The Garrett-Guth gold reference states "Proofs have noticeable recutting on the 3 ..." What we see on this piece is not recutting, but an outline of the entire 3 from a number punch that was sunk too deeply into the die, the same effect as the so-called Longacre Doubling seen on gold dollars from the 1850s. In addition to uncommonly deep mirroring on each side, the fields also show a slight orange-peel texture, an effect seen on many, if not most, proof gold coins from the 1870s through the 1890s. Each side is slightly hazy and there is a slight accent of peripheral reddish patina. Light hairlines and a few small contact marks account for the grade.(Registry values: N4719) (NGC ID# 28AU, PCGS# 8049)

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