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1861 $3 PR64 Cameo NGC. CAC....
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Sold on Jan 6, 2011 for:
$37,375.00
Bid Source: Live: Floor bidder
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Description
1861 Three Dollar, PR64 Cameo
Rarely Offered Early Issue
1861 $3 PR64 Cameo NGC. CAC. There were 113 proofs struck of
the 1861 three dollar. The Bowers-Winter reference states that this
mintage is "either wildly inaccurate, or represents a large
coinage, most of which was never distributed." We suspect the
latter is the case, as it would follow the trend established for
minor proof coinage that began in 1859--to produce far more proofs
than needed on speculation and melt the unsold pieces at year's
end.In either case, the 1861 proof three dollar is an issue with limited availability today. Akers (1979) said it was "possibly the most underrated three-dollar gold piece in Proof in the entire series." He placed it in the same league as the 1857 and 1858. Probably only eight to 10 proofs exist today.
The fields on this piece are nicely polished and reflective. They also show faint evidence of an orange-peel effect. The devices are frosted and give the coin noticeable cameo contrast. There are two obverse pedigree identifiers and a curious one on the reverse. Two faint alloy spots are seen below and to the left of Liberty's chin. On the reverse, there is a tiny silver-gray flake in the field below the first 1 in the date. Faint hairlines account for the grade, and there is minor porosity in the lower obverse fields. The bright yellow-gold surfaces have just the slightest overlay of reddish patina. A rare opportunity to acquire this early proof three dollar. Census: 3 in 64 Cameo, 2 finer (11/10).
From The Henry Miller Collection.(Registry values: N7079)
Coin Index Numbers: (NGC ID# 289Z, PCGS# 88024, Greysheet# 8690)
Weight: 5.02 grams
Metal: 90% Gold, 10% Copper
View all of [The Henry Miller Collection ]
Auction Info
2011 January Tampa FUN Signature & Platinum Night US Coin Auction #1151 (go to Auction Home page)
Auction Dates
January, 2011
5th-9th
Wednesday-Sunday
Bids + Registered Phone Bidders: 14
Lot Tracking Activity: N/A
Page Views: 1,238
Buyer's Premium per Lot:
15% of the successful bid per lot.
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