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LOT #3604  | 
Sold on Nov 6, 2014 for: Not Sold

1858 3CS PR68 NGC....

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Sold on Nov 6, 2014 for:
Not Sold
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Description

1858 Three Cent Silver, PR64
Popular Type Two Proof Issue

1858 3CS PR68 NGC. Sometimes the greatest gifts come in the smallest packages. Such is the case with this magnificent three cent silver from 1858, the last of the 1854-58 Type Two issues with two lines bordering the star. Although the reported mintage ranges from 60 to 75 "original" pieces in Walter Breen's Proof Encyclopedia (1989) to 210 examples in the 2015 Guide Book, the correct number is probably somewhere in between, judging from the PCGS and NGC population data.

The same population reports also confirm the rarity of this issue in extraordinary states of preservation. The present coin is the sole PR68 certified at NGC, and PCGS has graded only two examples as high as PR67 (9/14). Steel- and pinkish-gray toning covers the obverse. The reverse has more cobalt-blue color and a slightly golden center that adds heat to the otherwise cool surfaces. The mirrors are as deep as one will ever find on this denomination, and the devices exhibit an appreciable amount of mint frost. The design elements are fully struck, and no areas reveal hints of weakness. Excessive die polishing has removed a couple of small segments of the star outlines in the southwest obverse quadrant, and heavy diagonal die striations appear in the obverse fields. The Type Two three cent silver is undoubtedly one of the most eagerly sought type coins in U.S. numismatics. Its short life span of only five issues for the type, and 1858 is the only year generally found as a proof, making the proof Type Two a perennial favorite of both collectors and investors alike. This pristine piece represents a remarkable opportunity for type collectors.
Ex: FUN Signature (Heritage, 1/2008), lot 2721, which realized $57,500; FUN Signature (Heritage, 1/2012), lot 3075.(Registry values: N10218)

Coin Index Numbers: (NGC ID# 27C5, PCGS# 3705, GSID# 3661)

Metal: 90% Silver, 10% Copper
Weight: 0.75 grams
ASW: 0.0217oz
Melt Value: $0.33
Silver Spot: $15/oz (11-06-2014)
Mintage: 210

View Certification Details from NGC

Auction Info

2014 November 6 - 10 US Coins Signature Auction - Beverly Hills #1211 (go to Auction Home page)
Auction Dates
November, 2014
6th-10th Thursday-Monday
Bids + Registered Phone Bidders: 6
Lot Tracking Activity: N/A
Page Views: 1,198

Buyer's Premium per Lot:
17.5% of the successful bid per lot.

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Sold on Nov 6, 2014 for: Not Sold
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