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Lot
5384

1860 $3 MS67 PCGS. CAC....

2014 January 8 - 12 FUN US Coin Signature Auction - Orlando #1201

 
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Auction Ended On: Jan 9, 2014
Item Activity: 7 Internet/mail/phone bidders
745 page views
Location: Orange County Convention Center
9800 International Drive
Orlando, FL 32819
Description:
1860 Three Dollar, Superb Gem
Tied for Finest Known
1860 $3 MS67 PCGS. CAC. With a business strike production of just 7,036 pieces, the 1860 three dollar gold and its branch mint counterpart, the 1860-S, hold the distinction of being the only threes from the 1860s that were actually released en masse into circulation. As a result, most survivors are circulated and Mint State examples are scarce.
Many 19th century collectors preferred proofs to business strikes. As a result, relatively few Gem business strikes passed from collector to collector and finally into modern hands. A few high-grade coins surfaced from tiny hoards found in Europe during the 1960s, but apparently few others exist.

This extremely lustrous specimen is frosty and immaculate. Fresh, antique-gold color with areas of orange-gold intensity provide memorable visual appeal. That it is struck with no evidence of die clashing -- so often seen on this and other dates in the three dollar gold series -- accentuates the sharp details of the strike. The headdress plumes display excellent detail while the entire reverse wreath design and lettering are especially well-struck. Die striation lines (often seen on the issue) are minimal and confined to the obverse.

The fields and portrait are unabraded and brightly frosted with essentially no evidence of coin-to-coin contact to be seen. Likewise, the reverse fields are semiprooflike and equally untouched by transport or other handling. Brilliant mint luster bursts forth in waves from the reflective fields.

PCGS has graded three coins in MS67 and NGC has graded one coin in MS67, with none finer by either service (11/13). This exquisite example is housed in a green label holder.
From The David & Sharron Akers Collection.(Registry values: N10218) (NGC ID# 25ME, PCGS# 7980)

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