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    Scarce Choice AU 1854-D Three Dollar Gold

    1854-D $3 AU55 PCGS. Variety 1-A. With the exception of the presumably unique 1870-S, which is permanently impounded in the Bass Foundation Collection, the 1854-D is the most keenly sought-after of all three dollar gold issues, at virtually every grade level. This was also the only three dollar issue from the Dahlonega Mint. Combined with a low mintage of just 1,120 coins, the '54-D has always been understandably important and popular among numismatists.
    The production of coinage in 1850s rural Georgia must have been quite a challenge, and this coin shows evidence of such difficulties. Although the obverse design elements are actually rather well executed for the issue (except for the U of UNITED), there is a noticeable planchet lamination that extends from the upper left periphery between D and S diagonally down to Liberty's forehead, ending just above the eye; and a large L-shaped clash mark resides to the left of Liberty's throat. On the reverse, there are moderate clash marks in the central field areas, and a leaf to the left of the date is characteristically weak. The expected slight degree of highpoint wear, for the grade, exists on each side of the coin, along with some wispy hairlines and a few minor abrasions.
    In 2005, Q. David Bowers and Douglas Winter estimated the number of circulated 1854-D survivors at 115 to 160 pieces, plus two to four coins in Mint State. The authors point out that this number represents an unusually high survival rate, and theorize that the hoarding of Dahlonega and Charlotte Mint gold coins during the Civil War is the most probable explanation. In Choice AU or finer grades, however, the total number of pieces extant is much smaller, making this example a conditionally scarce and highly desirable offering. Population: 20 in 55, 12 finer (5/08).

    From the Estate of Robert R. Rollins Collection, Part Two.(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.

    View all of [The Estate of Robert R. Rollins Collection, Part Two ]

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    Auction Dates
    June, 2008
    26th-29th Thursday-Sunday
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