LOT Heritage Rare Coin Galleries  /  2004 June Long Beach Signature Sale #349 - Sessi...  / 

6219

1854[$3] MS68 PCGS.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1854[$3] MS68 PCGS.
<B>1854<$3> MS68 PCGS.</B></I> The Three Dollar gold series of 1854-1889 is among the more curious in U.S. numismatics. If we are to believe Breen, Congress authorized this denomination for ease of exchanging Three Cent Silvers and purchasing sheets of three cent stamps. The initial Philadelphia Mint delivery occurred on May 8 of 1854 with the final coins of this date emerging from the presses on November 10. Although not widely recognized as such, the 1854 represents a one-year type--the letters in DOLLAR on the reverse are significantly smaller than on coins dated 1855-1889.<BR> As a first-year issue, the 1854 appears to have been saved in not insignificant numbers. As such, it should come as no surprise that this issue is the most plentiful Three Dollar gold piece in today's market after the 1878. The certified population of the 1854, however, dwindles rapidly as one reaches and then surpasses the MS65 level. Only one coin has received an MS68 designation at the major grading services (3/04), and it is the extraordinary PCGS example that we are offering in the present lot.<BR> There is much to recommend this coin to discerning collectors, first and foremost of which is the exceptional technical quality. The strike is as close to full as one should expect for the type, and the surfaces are overlaid in warm satin-to-softly frosted luster. There are virtually no abrasions, and a very shallow planchet flaw (as struck) in the obverse field before the point of Liberty's neck is the only worthwhile pedigree marker. Of course, the eye appeal is also worthy of praise, both sides being awash in orange-gold color with a few blushes of soft rose-gold tinting intermingled here and there. One of, if not <I>the</B></I> finest Three Dollar gold coin of any issue that we have ever offered.<BR><I>Most certainly Ex: Sotheby's sale of 11/1999, lot 74.</B></I> <BR><BR><B>Important notice:</B> Heritage usually auctions material at the rate of 200-250 lots per hour. On some occasions eBay Live bid software or the Internet may not be able to keep up with the pace of the auction. We recommend placing a realistic absentee bid now as insurance to avoid disappointment. Occasionally the auctioneer may eliminate or reject an eBay Live bid, and the auctioneer may also reopen a lot after the close of the eBay live bidding (usually because we missed an audience bid), and may reject your bid even if it shows you as the winning bidder. By bidding via eBay Live, you agree that Heritage may award the lot to another bidder at its sole discretion under the circumstances described above or any other reasonable circumstances. Since eBay bids are not shown to us until we open the lot on the floor, we treat those bids just like floor bids. In most cases the floor responds before the eBay bid is presented to us, due to Internet lag time, so for consistency we have made it a policy that floor bids are always considered first over tie eBay live bids. Also please note that all Heritage lots purchased through eBay Live carry a 20% Buyer's Premium. Please make sure you read the Terms and Conditions before you bid.
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