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Lot
7485

1889 $3 MS65 PCGS....

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

 
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Auction Ended On: Aug 12, 2011
Item Activity: 7 Internet/mail/phone bidders
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Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:
Elusive Gem 1889 Three Dollar
Final Year of Issue
1889 $3 MS65 PCGS. At least two hoards of 1889 three dollar gold pieces are known. Walter Breen (1988) writes that 50 Mint State pieces bought by Virgil M. Brand from the Mint were dispersed after his death, and David Bowers (2005) refers to Thomas Elder's November 1931 sale that included a minihoard of Uncirculated 1889 threes. These hoards helped to ensure the survival of a fair number of Mint State coins, at least through the near-Gem level of preservation. Higher-grade coins are elusive.
The present Gem example displays light orange-gold color and pleasing luster, and both sides show the usual semiprooflikeness with some cartwheel effect mixed in. The design features are sharply struck throughout. Population: 26 in 65, 12 finer (7/11).(Registry values: N4719) (NGC ID# 25NC, PCGS# 8011)

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Auction 1219, Lot 5284 Purchase this Post Auction item now MS65 NGC $10,925.00
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