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Lot
5392

1873 $3 Closed 3 MS63 PCGS....

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

 
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Auction Ended On: Jan 9, 2014
Item Activity: 3 Internet/mail/phone bidders
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Location: Orange County Convention Center
9800 International Drive
Orlando, FL 32819
Description:
1873 Closed 3 Three Dollar, Appealing MS63
An Important Condition Rarity
1873 $3 Closed 3 MS63 PCGS. Ex: Great Lakes. The 1873 three dollar gold piece is an enigmatic issue. While 25 proofs were reported struck, mint records are silent on the striking of coins for circulation. Nevertheless, numismatic researchers know that business strikes, all of the Closed 3 variety, were in fact produced, generally estimated at about 1,000 coins. David Bowers, in his United States $3 Gold Pieces reference, estimates that 80 to 120 are known, 7 to 11 of which are in Mint State. PCGS and NGC have certified 110 examples in all grades, 18 of which are Mint State (a number of these are likely resubmitted or crossover coins). The finest are two PCGS-graded MS64s.

Pleasing apricot-gold coloration adorns this Select example. Both sides yield partially prooflike fields, as almost always seen, and these exhibit a degree of contrast with the devices at all angles. The design features are well-struck, except for a few of the usually seen areas of localized softness in Liberty's hair and the reverse ribbon bow knot. Minuscule marks on each side prevent near-Gem classification, nevertheless, this coin displays pleasing overall eye appeal. A couple of minute diagonal abrasions on the chin and a faint vertical mark on the cheek will help to identify this particular example. This is an important opportunity for the three dollar gold specialist because examples of this issue are extremely rare at this grade level. Population: 1 in 63, 2 finer (11/13).(Registry values: N7079) (NGC ID# 25MW, PCGS# 7995)

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