LOT #1243 |
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1884 $3 MS67 NGC....
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Sold on Jul 31, 2009 for:
$43,125.00
Bid Source: Live: Floor bidder
Description
Reflective 1884 Three Dollar, MS67
Quality Second to None
1884 $3 MS67 NGC. This glittering Superb Gem has reflective
fields with gorgeous iridescent toning that enhances the brilliant
yellow surfaces. A few tiny surface flakes remain from the original
planchet. Seldom does one encounter a Superb Gem business strike
1884 three dollar piece. The present offering is only the second
MS67 that we have offered since the beginning of our Permanent
Auction Archives in 1993. In fact, we find no records of other MS67
examples that any firm has auctioned in recent years. For those
collectors who have made the three dollar series a specialty,
seeking out the finest available quality, the present example is
second to none.The three dollar gold denomination was in its twilight years in 1884, with low mintages but higher survival rates from 1879 to 1889. However, Garrett and Guth correctly indicate that 1884 had a lower survival than most neighboring dates, and that Mint State pieces are seldom seen. They note that "the Smithsonian Institution has no circulation-strike examples, which means that even Josiah K. Lilly had none." The piece illustrated in their Gold Encyclopedia appears to be a low Mint State example.
In 1884 just 1,000 business strikes were coined, and while quite a few survive today, they are generally found in much lower Mint State grades than this incredible Superb Gem. NGC and PCGS have combined to certify 144 examples in all grades, with an average grade of just MS62. Of course the population data tends toward higher grades, as lower quality pieces are submitted less often. Census: 3 in 67, none finer (6/09).
From The Wisconsin Gold Type Set Collection.(Registry values: N1)
Coin Index Numbers: (NGC ID# 25N7, PCGS# 8006, Greysheet# 8655)
Weight: 5.02 grams
Metal: 90% Gold, 10% Copper
View all of [The Wisconsin Gold Type Set Collection ]
Auction Info
2009 August Los Angeles, CA US Coin Auction #1128 (go to Auction Home page)
Auction Dates
Jul-Aug, 2009
31st-2nd
Friday-Sunday
Bids + Registered Phone Bidders: 11
Lot Tracking Activity: N/A
Page Views: 1,246
Buyer's Premium per Lot:
15% of the successful bid per lot.
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