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5321

1854-D $3 AU53 NGC....

2012 August 2-5 US Coins Signature Auction- Philadelphia #1173

 
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Auction Ended On: Aug 3, 2012
Item Activity: 9 Internet/mail/phone bidders
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Location: Sheraton Philadelphia Downtown Hotel
201 North 17th Street
Philadelphia, PA 19103

Description:
AU53 1854-D Three Dollar
Odd-Denomination Southern Gold
1854-D $3 AU53 NGC. It is instructive to compare the 1854-D and 1865 three dollar gold issues. Despite their similar mintages -- 1,120 pieces for the 1854-D, 1,140 nonproofs for the 1865 -- the former issue is considered a great rarity and key, while the latter is of only passing interest to specialists. Two major factors are at work. First, the unique intersection of the Dahlonega Mint and the odd denomination brings the 1854-D to the attention of Southern gold specialists, adding to the price pressure; second, the 1854-D coins saw far heavier use than the 1865 pieces, as the three dollar gold denomination effectively was noncirculating by the end of the Civil War.
This AU53 example retains considerable luster, yellow-to-orange with apricot the most visible hue. Light wear appears mostly on the high points of the design. Though the dentils are ill-defined around much of the periphery and a few light pinscratches are noted on the obverse, this remains a pleasing example of the popular date. Faint clash marks on the reverse point to this coin's order in the striking sequence.(Registry values: N7079) (NGC ID# 25M4, PCGS# 7970)

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