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1882 $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: 6 Internet/mail/phone bidders
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Location: Orange County Convention Center
9800 International Drive
Orlando, FL 32819
Description:
1882 Three Dollar Gold, Sparkling MS67
Low-Mintage Superb Gem
1882 $3 MS67 PCGS. CAC. A glittering and colorful three dollar gold. Variegated tones of magenta with purplish overtones reside on rich gold-on-deeper-gold surfaces. Seasoned collectors know the Indian Princess design is neither a Native American nor a princess. She is perhaps U.S. Mint designer James Barton Longacre's representation of his favorite sculpture, the Greco-Roman Venus Accroupie, seen in profile with a feathered headdress to symbolize "national character." The reverse design is one borrowed from the Flying Eagle cent showing a wreath of corn, cotton, maple, and possibly tobacco leaves surrounding the denomination and date.

Collectors simply love the three dollar gold series. Low mintages of most dates and popularity of the design make it a challenging set to complete. Type coin enthusiasts vie for the higher-grade pieces such as this Superb 1882 example. With a tiny mintage of 1500 business strikes and 76 proofs it is inherently scarce. In MS67 it is one of just two pieces graded so by PCGS with none higher for the date (10/13). The highest NGC grade for this date is MS66. In our opinion, an even higher grade for this coin is limited only by a short strike-through in the obverse field between the TE of UNITED and a tick above the eyebrow on the hairline. The reverse has a couple of small indentations (one above the 3, the other on the bow) but no real distractions. Overall the visual impact of this piece is impressive with the portrait cameolike in its appearance and the color breathtaking.

A fantastic low-mintage date from late in the series, this is an extremely high-quality representative of the type sure to excite any dedicated collector.
From The David & Sharron Akers Collection.(Registry values: N10218) (NGC ID# 25N5, PCGS# 8004)

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