1874 $3 PR65 Cameo PCGS. CAC. JD-1, High R.6....

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1874 Three Dollar Gold, PR65
Beautiful CAC-Endorsed Cameo Example
Underrated Proof Gold Rarity

1874 $3 PR65 Cameo PCGS. CAC. JD-1, High R.6. Ex: Harry W. Bass, Jr. Collection; Bender Collection. The official Mint record shows only 20 1874 three dollar proofs were struck, yet the grading services have seen and certified more than twice that number of proofs in all grades combined. Resubmissions and crossovers cannot account for all of the grading events, nor can prooflike circulation strikes mistakenly certified as proofs, because the proof date position is so far left compared to that of the circulation strikes. Some additional proofs must have been struck. As John Dannreuther writes, "...it is easy to believe a few extra coins were struck either in 1874 or soon after to satisfy collector demand."

In any case, 1874 proofs become rare at the Gem grade or finer, and the 1874 proofs are actually rarer overall than the "magical" 1875 issue. More than 41,000 1874 circulation strikes were struck, somewhat diminishing the demand for proofs, while the proof-only 1875 issue has no such alternative. Three dollar gold purists who demand a proof are sure to find the 1874 date at least as challenging as the 1875, although at a cost that is much less. The present coin was once held in the Harry W. Bass, Jr. Collection, and ranks sixth in the Dannreuther proof gold reference's list of Significant Examples. The obverse die is the same as the one used for the proof-only 1873 Open 3 coins. The reverse die -- with its widely off-center-left date -- completes the sole 1874 proof die marriage (JD-1). This is a boldly contrasted example, with heavily frosted devices. The mirrored fields are flashy, with faint orange peel texturing visible under magnification. Rich, reddish-orange accents augment the orange-gold fields and sharply struck motifs. Population: 3 in 65 (1 in 65+) Cameo, 1 finer. CAC: 3 in 65, 1 finer (11/22).
From The Bender Family Collection, Part II. (Registry values: N10218)

Coin Index Numbers: (NGC ID# 28AG, PCGS# 88038, Greysheet# 8731)

Weight: 5.02 grams

Metal: 90% Gold, 10% Copper

View all of [The Bender Family Collection, Part II ]

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