290
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Session Three - Tuesday, January 27, 2015, 5:00 pm
1873 C
LOSED
3 $1 G
OLD
Enlargement
1845
1873. Closed 3
.
PCGS graded MS-64 PQ.
CAC
APPROVED.
Garrett and Guth in their book,
Encyclopedia
of U.S. Gold Coins
discuss the 1873 Closed 3 gold dollar:
"The 1873, Close [sic] 3 is a very scarce coin in all grades
and is, in fact, one of the rarest Type 3 gold dollars. Many
coins of this date are deeply prooflike and are difficult to
tell from true Proofs." This example presents partially
reflective fields on both the obverse and reverse, and can-
not be confused as a proof striking as some are. It is well
defined and any marks are minimal and not distracting in
any way. A thin coating of pleasant orange-golden patina
completes the picture of this rare coin. Only 1,800 were
minted before the 3 was modified to not resemble an 8. An
important opportunity for the gold specialist.
Pop 7; 4
finer, 3 in 65, 1 in 66
. (
PCGS # 7574
)
Estimated Value ........................................ $8,000 - 8,500
Enlargement
1846
1873. Closed 3
.
PCGS graded AU-58.
CAC APPROVED.
In
1873, the Closed 3 variety was issued for just a short time
before new dies were ordered for most denominations with a
more Open 3 style, to eliminate possible confusion. The Closed
3 appears very much like an 8 at first glance. With a scant mint-
age of just 1,800 pieces for circulation, not many remain today.
Attractive copper-gold surfaces with residual luster in the pro-
tected areas.
Pop 13; 51 finer
. Lightly toned. (
PCGS # 7574
)
Estimated Value ................................................... $750 - 800
Ex: J.S. Morgan Collection
.
K
EY
D
ATE
1875 G
OLD
D
OLLAR
Enlargement
1847
1875
.
PCGS graded MS-61
. The 1875 gold dollar's
incredibly low mintage of just 400 business strikes was the
lowest in the entire gold dollar series, 1849 to 1889. Scarce
at all grade levels, this Mint State piece will represent a sig-
nificant acquisition for its new owner. Well struck with yel-
low-golden color overall, this MS-61 example shows
pronounced scuffiness in the fields, probably from exten-
sive bag handling. However, the coin's overall visual appeal
still remains very high.
Pop 6; 29 finer at PCGS.
(
PCGS
# 7576
)
Estimated Value ........................................ $8,500 - 9,000
G
EM
C
AMEO
P
ROOF
1884 G
OLD
D
OLLAR
Enlargement
1848
1884
.
NGC graded Proof 66 Cameo
. This is a lovely
Cameo Gem that is fully impressed and nicely contrasted on
each side. The devices appear to float atop shimmering
reflectivity in the fields. Both sides exhibit soft honey-
golden color. Smooth and virtually pristine, with expectably
strong eye appeal for the assigned grade. This one is a
strong candidate to represent the type in a high-quality
proof collection. As with all proof issues in the classic U.S.
gold series, the 1884 gold dollar is a rare coin. This is true
even though the 1884 has a fairly sizeable mintage of 1,006
pieces. Attrition was high, however, and at least half of the
coins struck were almost certainly melted as unsold or lost
in other ways.
Pop 9; 17 finer, 1 in 66 Star, 13 in 67, 3
in 68.
(
PCGS # 87634
)
Estimated Value .................................... $10,000 - 11,000
