Menu
Welcome Sign-In | Join Now
Sold for Sign-in or Join (free & quick) includes Buyer's Premium (BP) 

Description

Gorgeous PR66 Cameo 1889 Three Dollar
End-of-Series Condition Rarity

1889 $3 PR66 Cameo PCGS. Two denominations were last produced in 1889 and terminated by law in 1890, the three cent nickel and the three dollar gold. The last commercially relevant mintage of the nickel coins was in 1881, and for the gold, 1878. While the three dollar gold never fell to the same depths as the three cent nickel, which experienced the indignity of issues with tiny business strikes that were smaller than the same year's proof output, the end of the gold denomination was still ignoble.
Just 2,300 business strikes were produced for 1889, and the accompanying proof mintage amounted to just 129 specimens. Both figures were a steep decline from the previous year's tallies; in the case of the proofs, 291 pieces were struck in 1888, but just 129 such coins were made for 1889. The difference cannot be explained in terms of overminting and melting, either; the number of certification events is remarkably close to the mintage in both cases. Why the drop? Garrett and Guth suggest that "Either the collectors had no clue that this was the last year of the denomination, or the did not care..."
This is a remarkably well-preserved and attractively contrasted representative of the final proof three dollar gold issue. Yellow-gold luster occasionally pales, and when the strongly mirrored fields are tilted out of the light, the sparkling of the frost creates remarkable contrast. Planchet flaws at the tip of the bust and below the trailing hair supply pedigree markers for the future. Extremely rare this fine. Population: 3 in 66 Cameo, 0 finer (11/11).(Registry values: N7079) (NGC ID# 28AY, PCGS# 88053)

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Glossary of Terms

Auction Info

Auction Dates
January, 2012
3rd-8th
Internet/Mail/Phone Bidders: 9
Members Tracking: N/A
Page Views: 497

Buyer's Premium per Lot:
15% of the successful bid (minimum $14) per lot.

Heritage membership

945,434
bidder-members
$891,701,465
sold in the last year

Join Now - It's Free

VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 

Consignments wanted

Only 14 days left to consign to the 2015 October 29 - November 2 US Coins Signature Auction - New York!

Learn about consigning with us

Their professionalism and substantial collector base made me feel very comfortable listing my artwork with them.  I will definitely use them again in the future.
Jim Atkinson,
Murfreesboro, TN
View More Testimonials

HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com

Video tutorial

Getting the most out of search

Recent auctions

2015 August 12 - 16 ANA US Coins Signature Auction - Chicago
2015 August 12 - 16 ANA US Coins Signature Auction - Chicago
REALIZED $34,886,064
2015 August 13 ANA World and Ancient Coins Platinum Night Auction
2015 August 13 ANA World and Ancient Coins Platinum Night Auction
REALIZED $9,764,476
2015 August 13 ANA Currency Platinum Night Auction - Chicago
2015 August 13 ANA Currency Platinum Night Auction - Chicago
REALIZED $1,870,380

© 2015 Heritage Auctions | All Rights Reserved