1888 $3 PR (PCGS#8052)
August 2021 ANA U.S. Coins Auction
- 拍卖行
- Stack's Bowers
- 批号
- 4195
- 等级
- PR65
- 价格
- 147,708
- 详细说明
- Remarkably Vivid Gem Proof 1888 $3 Gold
1888 Three-Dollar Gold Piece. JD-1, the only known dies. Rarity-4-. Proof-65 (PCGS).
Seldom do classic U.S. Mint Proof gold coins of any denomination or type display the vividness and variation of color evident on both sides of this breathtaking Proof 1888 Three. A base of rose-gold color is enhanced by wisps of powder blue and pale pink iridescence that are most pronounced when viewed with the aid of direct lighting. Otherwise satiny in finish, the surfaces also reveal subtle reflective tendencies in the fields as the coin dips into a light. Fully struck from the rims to the centers with expectably smooth features for the assigned grade.
The most available Proof three-dollar gold piece in today's market, the 1888 has an unknown mintage that it usually listed as 291 pieces. According to Q. David Bowers and Douglas Winter in the 2005 reference The United States $3 Gold Pieces: 1854-1889:
"91 Proofs are verified as part of the total, with 1 coin delivered in February, 55 in March, 33 in May, and 2 in June. In addition, in April, 200 coins were to be delivered to the medal clerk, in charge of Proof coin sales, but were not delivered until July 19, and then for 'exchange,' whatever that meant. It is not certain if all of these were Proof strikings. If they were, the total production figure was 291, which seems slightly generous in view of the number estimated today. Possibly 291 were struck, but not all were sold. Nothing has been found in the literature to indicate an especially large collector demand for Proofs in this particular year."
The authors provide for 120 to 150 coins extant and, while PCGS CoinFactsis even more generous with an estimate of 150 to 200 survivors, John W. Dannreuther (2018) takes a more conservative approach with a range of 110 to 130 survivors. The PCGS CoinFactsrange, in particular, seems a bit high in our experience and is probably based, at least in part, on resubmissions swelling third-party certification populations. In any event, this issue is rare when you consider the demand for high grade Proof gold type coins from today's advanced collectors. This exceptionally attractive Gem is sure to see spirited bidding at auction.
Provenance: From the Castle Pines Collection.
PCGS Population: 21; 15 finer in this category (all Proof-66).
PCGS# 8052. NGC ID: 28AX.
Click here for certification details from PCGS.
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