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    Description

    1867 Three Dollar, PR66 Cameo
    Only 14 to 16 Proofs Extant

    1867 $3 PR66 Cameo NGC. JD-1, High R.6. The 1867 three dollar gold has long been a rarity within the series in both proof and circulation strike format, although its rarity as a proof is far greater than often realized. Proof coinage in 1867 occurred on two occasions, in March and July, with deliveries of 25 proofs each time. All 50 pieces were struck from a single die pair, which is easily differentiated from the circulation strike dies by the placement of the date -- on the proof, the upright of the 1 in the date is under the base of the first L in DOLLAR, whereas the circulation strike shows the date further left. Walter Breen, in his Proof Encyclopedia, listed proofs from two different die pairs, but recent studies by John Dannreuther suggest that one of Breen's varieties merely constitutes prooflike business strikes, which have been confused with proofs in the past.

    PCGS estimates a generous survivorship of 25 to 30 coins. The combined certified population lists 23 submissions in all grades, including possible duplication. Dannreuther's estimate of 14 to 16 coins is in agreement with the auction appearance rate of this issue. Since our Permanent Auction Archives began in 1993, we have handled a proof 1867 three dollar gold piece on only 14 previous occasions, including three prior appearances of the Premium Gem Cameo offered here, plus six appearances of a single impaired coin. In fact, this specific coin is one of only three different problem-free 1867 proofs that we have handled during the past two decades, and it is by far the finest. Such is the rarity of the 1867 proof three dollar piece.

    Both sides of this stellar coin are covered in rich, mellow orange-gold coloration, with highly reflective fields and well-frosted devices creating noticeable contrast. There are a few tiny strike-throughs on the obverse, which serve as pedigree markers for such a high-grade gold proof. Strike-throughs of this nature are common on 1867 proofs. This will be a prize acquisition for the advanced proof gold collector. Census: 2 in 66 Cameo, 1 finer (3/19).
    Ex: Central States Signature (Heritage, 4/2011), lot 5366, which realized $69,000; Rosemont Signature (Heritage, 8/2013), lot 5833, which realized $64,625; FUN Signature (Heritage, 1/2014), lot 5398, which realized $58,750.
    From The Chinook Collection. (Registry values: N10218) (NGC ID# 28A7, PCGS# 88030)

    Weight: 5.02 grams

    Metal: 90% Gold, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View all of [The Chinook Collection ]

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    Auction Info

    Proxy Bidding Ends
    April
    25th Thursday 6:50 pm CT
    Auction Dates
    April
    25th-28th Thursday-Sunday
    Proxy Bidding Time Remaining
    7 Days 8h 3m 35s
    Bids + Registered Phone Bidders: 10
    Lot Tracking Activity: 26
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    This lot is in: 2 - Signature® Floor Session Platinum Night (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live):
    (Lots 3662-3989) - 7:00 PM Central Time, Thursday, April 25, 2019.
    (Proxy bidding ends ten minutes prior to the session start time. Live Proxy bidding on Heritage Live starts 24 hours before the live session begins and continues through the session.)

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    Additional Location Info:
    Renaissance Schaumburg Convention Center Hotel
    1551 North Thoreau Drive
    Schaumburg, IL 60173

    Current Bid:
    $35,000
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