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Lot
4826

1887 $3 PR67 Deep Cameo PCGS. CAC....

2012 January 4-8 US Coins & Platinum Night FUN Signature Auction- Orlando #1166

 
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Auction Ended On: Jan 5, 2012
Item Activity: 7 Internet/mail/phone bidders
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Location: Orange County Convention Center
North/South Building
9899 Universal Blvd.
Hall SB - South Building
Orlando, FL 32819

Description:
Flawless 1887 Three Dollar, PR67 Deep Cameo
Unusual Proof Struck in Medallic Turn
Sole Finest at PCGS
1887 $3 PR67 Deep Cameo PCGS. CAC. The mintage of 1887 three dollar gold proofs was a generous production of 160 coins, but what is so interesting about this issue is not only the medallic turn that some pieces were struck in, but also the subsequent error that derived from them. Walter Breen describes an error proof 1887 three in a Lester Merkin 1965 auction that:

" had "first been given an impression or two with dies aligned [in medal turn] or 180° from normal. After which occurrence, the press operator or someone discovered the error, realigned the dies in the press, replaced the struck coin therein, gave it two or three more blows -- about 5° away from what would have been normal alignment -- and passed the resulting mishmash as a coin suitable for inclusion in proof sets."


The present coin is NOT an example of the error coin, but it is an example of the minority struck in medal turn. Bowers writes in the Bass Sylloge:

"The die orientation varies on Proofs. Although most have the usual 180° alignment, some are oriented with dies in the same direction (0° or medal-wise). A few were struck first with the 0° alignment, then put back in the press after the alignment was changed to the usual 180°, then struck again. Several of these have been reported, beginning with the discovery piece in Lester Merkin's November 1965 sale."

The present Superb Gem Deep Cameo PCGS example is the single finest certified at that service. The surfaces display a predominant lemon-yellow coloration with a hint of red. The fields are quite deeply mirrored and offer profound contrast against the moderate mint frost on the devices. Microscopic planchet porosity appears, as made, in the right obverse field, but the piece is flawless, for all intents and purposes. Population: 1 in 67 Deep Cameo, 0 finer (11/11).(Registry values: P1) (NGC ID# 28AW, PCGS# 98051)

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