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    Choice AU 1854-D Three Dollar Gold
    Only D-Mint Three Dollar
    Low-Mintage Southern Gold Issue

    1854-D $3 AU55 PCGS Secure. Variety 1-A. It is an open question whether the three dollar gold piece was wanted at all by more than a tiny subset of 19th century Americans. An even bigger question: what could the demand have been for three dollar gold coins in the southeastern U.S., where the Charlotte and Dahlonega Mints stood among largely played-out gold fields? The answer to the latter, at least, is "not much demand at all," as evidenced by the mintages at the two facilities: none for Charlotte, and just 1,120 pieces for Dahlonega.
    The combination of Southern-gold charm, the odd denomination, and low-mintage rarity is irresistible to many collectors. Alongside the unique 1870-S and proof-only 1875 and 1876 issues, the 1854-D is a "stopper" of the series, even though a number of later Philadelphia issues of the 1880s technically have lower mintages. By that time, the three dollar gold piece had effectively stopped circulating, and higher-end pieces were the rule, not the exception.
    The reverse, of course, is true for the 1854-D, manufactured in one of the most unfavorable conditions for a U.S. coin. That this Choice AU example is lustrous at all sets it apart from most of its peers, but it goes a step beyond, showcasing generous yellow-to-orange luminosity. Wear appears mainly on the high points, such as Liberty's leading hair and the rounded tops of the wreath elements. Minimally abraded and with a patina of authenticity, this is a rewarding survivor that should appeal to a range of Southern gold and odd-denomination enthusiasts. Population: 19 in 55, 12 finer (6/12).(Registry values: N7079) (NGC ID# 25M4, PCGS# 7970)

    Weight: 5.02 grams

    Metal: 90% Gold, 10% Copper

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

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    Auction Dates
    August, 2012
    2nd-5th Thursday-Sunday
    Bids + Registered Phone Bidders: 10
    Lot Tracking Activity: N/A
    Page Views: 1,215

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