1854-D $3 AU53 PCGS. Variety 1-A....

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Sold on Aug 15, 2023 for:

$52,800.00 Bid Source: Internet bidder

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1854-D Three Dollar, AU53
Only Dahlonega Issue

1854-D $3 AU53 PCGS. Variety 1-A. The first year of issue for the three dollar gold denomination saw production at Philadelphia, New Orleans, and Dahlonega. All later-issue three dollar pieces were coined only at Philadelphia or San Francisco. Production at Dahlonega was minimal in 1854 at just 1,120 pieces, which ranks among the lowest production totals in the series from any Mint, second only two a handful of Philadelphia issues from the 1880s. However, the Dahlonega coin differs from other low-mintage dates in that it was not saved for numismatic purposes at the time of issue. In the 1850s, only a handful of numismatists were pursuing United States gold, and attention to mintmarks was still several decades from materializing on a significant scale. Even in the 1870s, numismatic interest in Dahlonega gold had not yet emerged. In his sale of the Mendes I. Cohen Collection in October 1875, contemporary dealer Edward Cogan cataloged an 1839-D half eagle -- a Dahlonega Mint product -- as a Denver issue (apparently mistaking the D mintmark for a reference to the U.S. Assay Office in Denver).

By the time the 1854-D three dollar coin became a sought-after numismatic rarity, Mint State examples of the date hardly existed, and even AU-level coins were scarce. Today, still, only a handful of 1854-D three dollars have been called Mint State by the grading services, and these coins are far out of reach for many collectors.

The wholesome AU example offered here has light yellow surfaces with trivial grade-consistent marks. The strike is above average and the eye appeal is excellent. Population: 13 in 53, 41 finer (6/23).
Ex: Twelve Oaks Collection (Heritage, 9/2016), lot 14003.(Registry values: N7079)

Coin Index Numbers: (NGC ID# 25M4, PCGS# 7970, Greysheet# 8661)

Weight: 5.02 grams

Metal: 90% Gold, 10% Copper

View Certification Details from PCGS