1886 $3, DCAM PR(PCGS#98050)

August 2023 Global Showcase Auction U.S. Coins

拍卖行

Stack's Bowers

批号

4052

等级

PR66DCAM

价格

384,476

详细说明

Stunning Deep Cameo Proof 1886 $3 1886 Three-Dollar Gold Piece. JD-1, the only known dies. Rarity-4. Proof-66 Deep Cameo (PCGS). CAC. This handsome and fully original Gem Proof 1886 $3 represents one of the finest auction offerings for the issue in recent decades. Deep, rich color in reddish-gold greets the viewer from both sides and delivers outstanding eye appeal. Sharply stuck with subtle orange-peel texture in the fields and a sharp contrast against the satiny devices. Virtually untouched and undoubtedly superior for the assigned grade, only the strongest bids will be competitive for this outstanding offering. By 1886 the three-dollar gold series was rapidly approaching its end, which officially came in the Coinage Act of September 26, 1890. Although this act is dated late in 1890, the final three-dollar gold pieces were produced in 1889. Yearly circulation strike mintages had been limited throughout the entire series, in fact, and especially so after the outbreak of the Civil War in 1861. By the 1880s the Philadelphia Mint was delivering no more than 6,000 circulation strikes yearly, in most cases no more than 1,000 coins. Beginning in 1884, on the other hand, Proof mintages increased in response to heightened demand from contemporary numismatists. The 1886 was produced to the extent of 142 Proofs, surpassed by the mintages of only the Proof 1887 and Proof 1888. Most of the Proofs struck in 1886 were distributed and subsequently preserved. Numismatic experts are generally in agreement on the number of coins extant, Bowers and Winter providing a figure in the range of 80 to 100 coins, seconded by Dannreuther (2018), with PCGS CoinFactsoffering a similar range of 75 to 90 survivors. The present Deep Cameo Gem with CAC approval is among the very finest certified and is an important bidding opportunity for advanced gold type or date collectors. Provenance: From the George Schwenk Collection. Earlier from David Lawrence's Internet Auction #1236, August 2022, lot 5257. PCGS Population: 6; 3 finer in this category (Proof-67 Deep Cameo finest). CAC Population: 6; 1. PCGS# 98050. NGC ID: 28AV. Click here for certification details from PCGS.