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1887 $3 -- Reverse Rotated 180 Degrees -- PR65 Cameo NGC. CAC....
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Description
1887 Three Dollar, PR65 Cameo
Reverse Rotated 180 Degrees
A Fabulous Undertype
1887 $3 -- Reverse Rotated 180 Degrees -- PR65 Cameo NGC.
CAC. This curious rotated striking on a proof gold coin is
unique to this issue. It was discovered by Walter Breen in 1965
while he was cataloging for Lester Merkin. Over the next 11 years,
Breen examined 21 other proof 1887 threes, but found only two
others with the rotated reverse. The explanation is found in the
method of striking proofs of this year. Some were struck with the
traditional 180 degree rotation, some were struck in medallic
alignment, and some were first struck in medallic alignment and
then put back in the press and recoined with the correct alignment,
and a few (like this one) were recoined with a 160 degree rotation.
Distinct traces of the first (medallic) strike shows with 1887 seen
between 3 and DOLLARS, DOLLARS is located between the dominant
DOLLARS and the dominant date, and the bottom of the first faint 3
is located between the dominant 1887 and the wreath. The literature
states pieces such as this one are struck with a 160 degree
rotation, but we believe that is a bit too much. The easiest method
to discern the rotation is on the obverse. The letters in UNITED
STATES OF AMERICA are only slightly rotated, perhaps 5 degrees. A
distinct outline can be seen to the right of UNI and ICA.Of the 160 proofs struck in 1887, it is estimated that only 90 to 120 examples are known in all grades. No reliable estimates are known of how many rotated reverse proofs are extant. This is a deeply reflective proof three dollar with a strong presence of mint frost over the devices. There are no noticeable or mentionable contact marks on either side.(Registry values: N7079)
Coin Index Numbers: (NGC ID# 28AW, PCGS# 88051, Greysheet# 8770)
Weight: 5.02 grams
Metal: 90% Gold, 10% Copper
Auction Info
2015 January 7 - 12 FUN US Coins Signature Auction - Orlando #1216 (go to Auction Home page)
Auction Dates
January, 2015
7th-12th
Wednesday-Monday
Bids + Registered Phone Bidders: 6
Lot Tracking Activity: N/A
Page Views: 776
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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