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Lot
3125

1887 $3 PR67 Cameo NGC. ...

2008 January Orlando, FL (FUN) Signature Coin Auction #454

 
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Auction Ended On: Jan 10, 2008
Item Activity: 3 Internet/mail/phone bidders
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Location:

Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Lot Viewing, Room 220 D, E, F
Auction, Room 230 B

Description:
Coveted 1887 Three Dollar Gold, PR67 Cameo
1887 $3 PR67 Cameo NGC. Ex: Lisa L. This Superb Gem Cameo proof is a conditionally rare item indeed. This is the finest specimen certified of the issue and very nearly of the entire three dollar gold type, exceeded at NGC only by a single PR68 Cameo 1884 piece and by none at PCGS. This most attractive specimen offers bright yellow-gold color and excellent eye appeal. The fields are deeply mirrored around frosty devices, creating the highly desirable cameo appearance. Devoid of hairlines or handling marks, this special coin exhibits the pristine appearance of a meticulously preserved example. The piece is struck from a normal, slightly rotated reverse die, not the doubled reverse die found on all business strikes. Some proofs are from this orientation; others are from normal coin-turn alignment, and still others are from medallic alignment, with the reverse rotated 180 degrees. A few unusual specimens were double-struck, with the first impression from normal die alignment and the second from medallic alignment.
Q. David Bowers believes that approximately 90 to 120 proofs survive from an original mintage of 160 coins. Of those, the certified population is about two-thirds non-Cameo and one-third Cameo and Deep/Ultra Cameo pieces, in the estimation of NGC and PCGS (12/07). Of course, Superb Gems are rare, as they are with almost any issue. PCGS has yet to encapsulate an 1887 proof at PR67, while NGC has only seen six coins worthy of this so high a grade assessment. Of those six Superb Gems, this specimen is one of only two to receive the coveted "Star" designation, denoting exceptional eye appeal.(Registry values: N10218) (NGC ID# 28AW, PCGS# 88051)

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