LOT #5322 |
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1854-D $3 AU55 PCGS Secure. Variety 1-A....
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Sold on Aug 3, 2012 for:
$41,125.00
Bid Source: HA.com/Live bidder
Description
Choice AU 1854-D Three Dollar Gold
Only D-Mint Three Dollar
Low-Mintage Southern Gold Issue
1854-D $3 AU55 PCGS Secure. Variety 1-A. It is an open
question whether the three dollar gold piece was wanted at all by
more than a tiny subset of 19th century Americans. An even bigger
question: what could the demand have been for three dollar gold
coins in the southeastern U.S., where the Charlotte and Dahlonega
Mints stood among largely played-out gold fields? The answer to the
latter, at least, is "not much demand at all," as evidenced by the
mintages at the two facilities: none for Charlotte, and just 1,120
pieces for Dahlonega.The combination of Southern-gold charm, the odd denomination, and low-mintage rarity is irresistible to many collectors. Alongside the unique 1870-S and proof-only 1875 and 1876 issues, the 1854-D is a "stopper" of the series, even though a number of later Philadelphia issues of the 1880s technically have lower mintages. By that time, the three dollar gold piece had effectively stopped circulating, and higher-end pieces were the rule, not the exception.
The reverse, of course, is true for the 1854-D, manufactured in one of the most unfavorable conditions for a U.S. coin. That this Choice AU example is lustrous at all sets it apart from most of its peers, but it goes a step beyond, showcasing generous yellow-to-orange luminosity. Wear appears mainly on the high points, such as Liberty's leading hair and the rounded tops of the wreath elements. Minimally abraded and with a patina of authenticity, this is a rewarding survivor that should appeal to a range of Southern gold and odd-denomination enthusiasts. Population: 19 in 55, 12 finer (6/12).(Registry values: N7079)
Coin Index Numbers: (NGC ID# 25M4, PCGS# 7970, Greysheet# 8661)
Weight: 5.02 grams
Metal: 90% Gold, 10% Copper
Auction Info
2012 August 2-5 US Coins Signature Auction- Philadelphia #1173 (go to Auction Home page)
Auction Dates
August, 2012
2nd-5th
Thursday-Sunday
Bids + Registered Phone Bidders: 11
Lot Tracking Activity: N/A
Page Views: 1,392
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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