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    Elusive 1854-D Three Dollar Gold Piece, AU58
    Popular Southern Gold Issue

    1854-D $3 AU58 NGC. The 1854-D three dollar gold piece is the only coin of this denomination struck at the Dahlonega Mint. There was little demand for the three dollar denomination in the pre-Civil War antebellum South, resulting in a minuscule mintage of only 1,120 pieces. One pair of dies was sufficient to accomplish the entire coinage of this issue, but the dies clashed at an early time. All examples seen show clash marks or evidence of relapping, with a resultant loss of detail. The milling is subject to weakness in many places, but particularly at 12 o'clock on the obverse. David Akers warns that this effect has been mistaken for loop removal on occasion. The mintmark on this issue is unusually bold, and Walter Breen believes it was originally intended for use on half eagles. Fully struck specimens with attractive mint luster are prohibitively rare today. Q. David Bowers and David Akers estimate a surviving population of 115-160 coins in circulated grades, with two to four Mint State specimens extant. The population data has been distorted by numerous resubmissions.
    The 1854-D three dollar gold piece is avidly pursued by advanced type collectors, Southern gold specialists, and three dollar gold aficionados. It also enjoys demand as a first-date-of-issue coin. As Bowers and Akers say in The United States $3 Gold Pieces 1854-1889, "Year in and year out the 1854-D has been one of the most popular, most widely sought of all 19th century American gold coins. Its continuing status as such seems assured."
    The Rice Collection boasts a lovely near-Mint example with faint hints of green on the yellow-gold surfaces. Both sides have the usual quota of minor handling marks that are consistent with the grade. As always, the upper obverse and upper reverse borders are flat and dished. The appearance is the way these coins were made, having no association with any later mishandling. Census: 31 in 58, 9 finer (12/08).
    From The Grand Lake Collection.(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 Grand Lake Collection ]

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    Auction Dates
    February, 2009
    5th-8th Thursday-Sunday
    Bids + Registered Phone Bidders: 6
    Lot Tracking Activity: N/A
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