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    1884 Three Dollar Gold, PR67 Deep Cameo
    Tied With One Other for Finest at PCGS

    1884 $3 PR67 Deep Cameo PCGS. CAC. The Mint is known to have produced a stingy production of an even 1,000 business strikes of the 1884 three dollar gold. What is an open question, however, is how many were ever actually released. Q. David Bowers has this to say in The United States $3 Gold Pieces 1854-1889:

    "Harry W. Bass, Jr. considered the 1884 to be the rarest circulation strike $3 of the 1880s. Without question, in circulated grades it carries the palm, with only 25 to 35 estimated to exist. Regarding Mint State coins, the 1884 is very rare, but not the rarest.
    "It is quite likely that many of the 1,000 pieces coined remained in the Mint and were later melted. A comparison of the 1884 issue with the 1880, of like mintage, is instructive. The latter issue is readily available in Mint State, from small hoards, but no such caches have been reported for the 1884, although in the late 1930s both Thomas L. Elder (New York City) and Ira S. Reed (Philadelphia) had a few, perhaps from pieces rescued from gold coins turned into banks during the government recall. Numismatically savvy employees of the Philadelphia Mint, the Treasury Department, and banks were steady sources of gold coins for the Philadelphia and New York City dealers of that era. When valuable coins were seen, the employees exchanged them for common dates. The late P.B. Trotter, Jr., a Memphis banker and numismatist, was earning $15 per week as a teller in the 1930s. He rescued many coins for his collection, but did not have enough capital to save all of the rare 1795-1834 coins that came his way and was forced to let some higher mintage issues pass by."

    All of the foregoing tells us that surviving proofs of the 1884 three dollar gold in many cases may fill in in complete sets for collectors seeking one of the elusive business strikes. And the present Superb Gem Deep Cameo proof is among the few finest certified at PCGS, tied with only a single other submission with none finer (11/11). The surfaces throughout boast deep reddish gold patina with lilac accents in the headdress. The fields are nicely mirrored, with deep mint frost coating the devices. The extra letter outlines around RICA confirm the proof status. A slight orange-peel effect appears. The only mentionable identifier is a tiny spot between S and O on the obverse.(Registry values: P1)

    Coin Index Numbers: (NGC ID# 28AT, PCGS# 98048)

    Weight: 5.02 grams

    Metal: 90% Gold, 10% Copper

    View Certification Details from PCGS

    Auction Info

    Auction Dates
    January, 2012
    4th-8th Wednesday-Sunday
    Bids + Registered Phone Bidders: 10
    Lot Tracking Activity: N/A
    Page Views: 1,120

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