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    Description

    1870 Three Dollar Gold, MS65 Prooflike
    Low-Mintage Rarity
    Single Finest Certified

    1870 $3 MS65 ★ Prooflike NGC. Only 3,500 business-strike three dollar gold pieces were struck in 1870, making the issue difficult to locate in all grades today. High grade examples are especially rare, but the few Mint State survivors are generally attractive coins with prooflike surfaces. The coin offered here is the finest certified example at either of the leading grading services, with no serious competition. To date, NGC has graded 11 coins with the Prooflike designation, and only this coin grades above MS62 Prooflike. PCGS does not recognize the Prooflike designation, but the finest grade awarded any 1870 three dollar gold piece there is MS64. NGC has also graded three MS64 examples, without the Prooflike designation (5/14). Q. David Bowers and Doug Winter estimate only 25-30 examples survive in all Mint State grades.

    The entire business-strike mintage was delivered on January 18. The dies were polished vigorously, so much so that the leaf in the wreath next to the date was nearly effaced. This feature makes it easy to differentiate between prooflike business-strikes and real proofs, although this distinction was not known to early catalogers. It is likely that many coins listed as proofs in the 19th and early 20th century were actually prooflike business-strikes.

    The present coin is a stunning Gem, with sharply detailed design elements that show significant amounts of mint frost. The well-preserved yellow-gold surfaces display prooflike reflectivity throughout, with occasional die striae on both sides. No large or distracting surface flaws are evident and eye appeal is terrific. This coin will improve the finest collection or Registry Set. Discerning collectors should bid accordingly. Census: 0 in 65 (1 in 65 ) Prooflike, 0 finer (5/14). (NGC ID# 7K8F, PCGS# 77991)

    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 Info

    Auction Dates
    June, 2014
    4th-8th Wednesday-Sunday
    Bids + Registered Phone Bidders: 15
    Lot Tracking Activity: N/A
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