1887 $3 PR66 Cameo PCGS....

Click the image to load the highest resolution version.

Sold on Jul 31, 2008 for:

$43,125.00 Bid Source: Internet bidder

Get one of these:

Share this lot

Track Item Printable Auction Results

Sell One of These

Description

Auction Info

Guides & Info

Description

Reddish-Gold 1887 PR66 Cameo Three Dollar

1887 $3 PR66 Cameo PCGS. The three dollar gold piece was never a popular denomination, and by the 1880s mintages reached abysmally low levels. However, there were periodic bursts of activity with slightly elevated mintages. The 1886 was one of those higher mintage years with 6,000 business strikes produced. Proofs also spiked in 1886 with 160 pieces struck, and the series-high was two years later with 291 proofs.
The recent book on the three dollar series by Bowers and Winter makes an interesting observation about 1887 proof threes: "Some proofs are oriented medal-wise, with both dies the same direction." On several 1887 proof threes after striking they were recoined and show traces of the first striking. (This is not one of those coins).
It is estimated that today between 90 and 120 pieces are still recognizable as proofs. This is definitely one of the finest we have handled in recent memory. The fields are deeply mirrored. Special note must be made regarding the fields on any 1887 proof three. Most of them have considerable granularity which produces what has become known as a "halo" effect on the obverse. This piece has almost none. Strong magnification will reveal slight porosity on each side of Liberty's head, but there certainly is no "halo" on this coin. The devices are heavily frosted and contrast strongly against the unfathomably "black" fields. The surfaces are virtually perfect in terms of preservation. Each side also displays even, dark reddish-gold color that gives this piece a distinctive appearance.(Registry values: N7079)

Coin Index Numbers: (NGC ID# 28AW, PCGS# 88051, GSID# 8770)

Metal: 90% Gold, 10% Copper
Weight: 5.02 grams
AGW: 0.16oz

View Certification Details from PCGS