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Lot
4478

1854-D $3 AU58 NGC....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 25, 2013
Item Activity: 10 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:

1854-D Three Dollar, Near-Mint Example
Low-Mintage Key, Only 1,120 Pieces Struck
1854-D $3 AU58 NGC. The 1854-D three dollar gold piece is extremely popular owing to the fact that it is the only date of the denomination which was struck at the Dahlonega Mint. Additionally, its tiny mintage of 1,120 pieces makes it rare, especially in the higher grades. Doug Winter writes: "The level of demand for this coin remains extremely strong."

The 1854-D is most frequently seen in the Very Fine and Extremely Fine levels of preservation. About Uncirculated coins are very scarce and Mint State pieces are rare.

Exacerbating the supply-demand relationship of this rare date is the subpar production quality. David Bowers contends that the 1854-D is the poorest struck and has the lowest eye appeal of all coins in the three dollar series. Moreover, nearly all specimens are dullish and lackluster, and it is common to see pieces with black grease stains, planchet roughness, or laminations.

The bright yellow-gold surfaces of this near-Mint State example retain a considerable amount of luster for the grade and the issue. The design elements exhibit an above-average strike, including strong detail on most of Liberty's portrait and virtually all of the wreath. The obverse peripheral lettering and the denomination, date, and mintmark are also sharp. The dentils show on the lower obverse and reverse but are absent from the remaining rims which are flat, a characteristic of the issue. The usually seen clash marks are visible on both sides, but there are no grease stains, surface roughness, or laminations. A few trivial circulation marks are undisturbing. All in all, this is an exceptional three dollar piece with much better-than-average eye appeal.
Ex: Long Beach Signature (Heritage, 5/2009), lot 1593.
From The Camano Island Collection.(Registry values: N7079) (NGC ID# 25M4, PCGS# 7970)

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