1858 $3 MS (PCGS#7978)
Spring 2022 U.S. Coins Auction
- 拍卖行
- Stack's Bowers
- 批号
- 3089
- 等级
- MS61
- 价格
- 91,698
- 详细说明
- Mint State 1858 Three-Dollar Gold Piece
An Overlooked Rarity
1858 Three-Dollar Gold Piece. MS-61 (PCGS).
A seldom offered Uncirculated example of this low mintage early three-dollar gold issue from the Philadelphia Mint. Satin to softly frosted surfaces are lustrous and attractive with even, attractive golden-rose color. Well struck, most features are sharply rendered, and none are less than bold. There are no significant marks, and the appearance is smooth enough to evoke thoughts of a higher grade.
The 1858 is the great classic among Philadelphia Mint three-dollar gold pieces. Only 2,133 circulation strikes were struck this year, and the tiny number of interested numismatists probably opted to acquire a Proof. Practically the entire mintage saw circulation, with most surviving specimens -- perhaps just 125 to 150 or so -- in VF or occasionally EF. At the AU level the 1858 becomes a notable rarity, and in Mint State that rarity increases dramatically. Fewer than 10 true Mint State 1858 threes are thought to be extant. The 2005 Bowers-Winter reference on this series states, "At one time this date was the darling of writers for auction catalogs, but in recent decades its fame has dimmed, most probably because current market emphasis is on high-grade Mint State coins, even of common dates, and truly rare coins at levels such as EF and AU are relatively unnoticed." The same can be said for lower end Uncirculated survivors such as this, which offer undeniable condition rarity and excellent value for the astute gold enthusiast.
Provenance: From the Huberman Collection. Earlier ex Pine Tree Auction Co.'s Second Annual Walter Breen Gold Coin Auction Sale, June 1975, lot 521. Lot tag included.
PCGS Population: 2; 12 finer (MS-65 finest).
PCGS# 7978. NGC ID: 25MC.
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