1887 $3 MS(PCGS#8009)

August 2019 ANA U.S. Coins Auction Rosemont, IL

拍卖行

Stack's Bowers

批号

5314

等级

MS65

价格

135,523

详细说明

Underrated 1887 Three-Dollar Gold Piece 1887 Three-Dollar Gold Piece. MS-65 (PCGS). A glorious Gem, both sides are silky smooth in appearance with a lively satin finish from the dies. Vivid rose-orange patina is also worthy of praise, as is striking detail that is razor sharp to full throughout the design. The 1887 is among the more underrated low mintage circulation strike three-dollar gold issues from the 1880s. Although 6,000 coins were produced -- a generous total when compared to the mintages of issues such as the 1885 and 1886 -- the 1887 is surprisingly scarce in today's market. Writing in 2005, Q. David Bowers and Douglas Winter account for no more than 300 survivors in all grades, this in comparison to an estimate of upward of 200 coins extant for the 1886 despite a mintage that is 1/6 that of the 1887 (1,000 vs. 6,000 pieces). Apparently, very few examples of the 1887 found their way into bank reserves, from which they were later obtained by dealers such as Thomas L. Elder during the early years of the 20th century. We believe, in fact, that most circulation strike 1887 threes remained in the Mint and were eventually melted. The present example, conditionally rare at the MS-65 grade level, represents a significant find for the astute collector specializing in this challenging odd denomination gold series of the 19th century. Provenance: From the Maurice Snow Collection. Acquired from Harry J. Forman, March 21, 1979. Earlier ex Paramount. PCGS Population: 28; 11 finer (MS-67 finest). PCGS# 8009. NGC ID: 25NA. Click here for certification details from PCGS.