LOT Old Heritage Auctions  /  2008 February Long Beach Signature Coin #460  / 

2412

1854-O $3 AU58 PCGS

Currency:USD Category:Coins & Paper Money / US Coins Start Price:18,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1854-O $3 AU58 PCGS
<B>1854-O $3 AU58 PCGS.</B></I> The current coin is sure to garner the attention of experienced numismatists, as the eye appeal and technical aspects seem to beckon to a higher grade. At the very least, we can say that this example is conservatively graded. The highly lustrous surfaces are unusually nice for the assigned grade, and finding another near-Mint State 1854-O three that is as aesthetically pleasing would present quite a challenge. <BR> As of (1/08) PCGS has certified 16 specimens at the AU58 level with only two finer: one MS61 and a single MS62. There is little doubt that the number certified as AU58 includes resubmissions of the same coin, considering that the financial reward between an AU58 and a Mint State example is dramatic. Again, after more than 20 years of professionally grading coins, PCGS has only certified two 1854-O threes above AU58. The rarity of this issue in Uncirculated grades is obvious and actually somewhat underrated. Doug Winter, in his <I>Gold Coins of the New Orleans Mint </B></I>(2006), notes that the 1854-O three dollar is "an extremely hard issue to locate in high grades" and that he has seen "only a handful of attractive, original pieces and these generally command a large premium among knowledgeable collectors." The same branch mint gold specialist goes on to state that the 1854-O three is "very rare in correctly graded AU58." Further collector pressure is placed on this issue as it is the only date in the three dollar series that was struck at the New Orleans Mint. The surfaces are bright yellow-gold. Both sides exhibit a surprising amount of satiny mint luster. Spirited bidding is expected to ensue.<BR><BR><B>Coin Engraver:</B> James B. Longacre<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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