1864 $3 PR64 Deep Cameo PCGS. CAC. JD-1, High R.6....

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1864 Three Dollar Gold, PR64
Rare Deep Cameo Example
CAC-Approved Quality

1864 $3 PR64 Deep Cameo PCGS. CAC. JD-1, High R.6. Ex: Simpson. Widespread hoarding of all precious-metal coinage occurred during the Civil War era, and gold coinage was seldom seen in circulation in the Eastern part of the country. Accordingly, the Philadelphia Mint struck a meager business-strike mintage of just 2,630 three dollar gold pieces in 1864. Fortunately, the Mint also produced a relatively generous mintage of 50 proofs to satisfy collector demand that year. The proofs were all delivered on February 11 and a single pair of dies was used to strike all the proofs. This was the first use of the obverse die, but it was used again to strike some proofs every year until 1867. The proof obverse shows a spike from under Liberty's ear that makes it easy to distinguish between proofs and business strikes, in the rare cases where there is any doubt about the format. This issue has a surprisingly low survival rate and John Dannreuther estimates the surviving population at 14 to 16 examples in all grades.

The bright yellow-gold surfaces of this spectacular Choice example display deep reflectivity on each side and close examination reveals the orange-peel texture seen on many (most?) proof gold coins from the last half of the 19th century. The sharply detailed design elements have a rich coat of mint frost that contrasts profoundly with the deeply mirrored fields to create an intense cameo effect. On the obverse there are two faint pedigree marks: a light oval-shaped alloy stain in the right obverse field, and a small, faint alloy spot near the rim at 2 o'clock. The high quality within the grade is confirmed by CAC. Another rare proof three dollar and one that is seldom offered except when holdings are sold off from a major collection. Population: 6 in 64 (1 in 64+) Deep Cameo, 3 finer. CAC: 5 in 64, 2 finer (11/23).
Ex: Henry Miller Collection; FUN Signature (Heritage, 1/2011), lot 5065; Bob R. Simpson Collection.(Registry values: P4)
Important Selections from The Bob R. Simpson Collection, Part XI.

Coin Index Numbers: (NGC ID# 28A4, PCGS# 98027, Greysheet# 8700)

Weight: 5.02 grams

Metal: 90% Gold, 10% Copper

View all of [Important Selections from The Bob R. Simpson Collection, Part XI ]

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