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1857-S 3 Dollar Gold Piece

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United States
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 Posted 09/14/2012  8:45 pm Show Profile   Bookmark this topic Add rfields55 to your friends list Get a Link to this Message Number of Subscribers
Help grade this 1857-S three dollar gold piece. I am looking for objectivity as, Sadly to say, I am selling it to obtain another gold piece. I think I know the grade but do not wish to prejudice my views. This gold piece will be hard for me to depart with.

1857-S--3-Dollar-Gold-Piece
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United States
759 Posts
 Posted 09/14/2012  9:31 pm  Show Profile   Bookmark this reply Add OneBowl to your friends list Get a Link to this Reply
Looks to me like a bit of wear on the lower curls, making it an AU-58. If I'm wrong or they cut the Princess a break, a shot at MS. Very nice 14K mintage coin. I can see why it's going to be hard to part with. It will certainly fund a nice acquisition. If getting it graded is an option, I think that will provide a really nice bump in what you get for it.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 09/14/2012  9:32 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Welcome to Coin Community, rfields55.

You, um, know what this is worth, right? The images are too small for me to comment with certainty about this coin's authenticity, but assuming it's genuine and uncleaned, you're looking at many thousands of dollars. These are excruciatingly rare in lightly-circulated condition, as yours appears to be, and virtually unheard of in Mint State. I confess I'm a bit worried about the field to the left of the wreath.

This will be a difficult coin to sell without third-party authentication and grading.
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vermontensium's Avatar
United States
16679 Posts
 Posted 09/14/2012  9:40 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
This must be certified by PCGS or NGC before considering selling.
I would put it in the upper AU range but looks to have had a light cleaning in my opinion.
Fantastic coin!
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D0ubl3Eagle's Avatar
United States
5854 Posts
 Posted 09/14/2012  10:08 pm  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list Get a Link to this Reply
Very cool! Assuming it is genuine, I think it is at least AU. Getting it certified by either PCGS or NGC would make this a whole lot easier to sell.
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United States
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 Posted 09/14/2012  10:41 pm  Show Profile   Bookmark this reply Add rfields55 to your friends list Get a Link to this Reply
This coin is without a doubt authentic, I only buy from individuals (very close gold coin collector friends of mine) whom I respect and trust. Years ago I had several experts look at the coin for authenticity, so that is not my worry. My collection consist only of gold coins, as it is my passion. I cannot express enough how hard it is for me to part with this coin. I believe it to be an AU58, but generally I do not care about grading in my collection as I keep the coins that I collect, I only wish to trade up and collect the gold pieces I want in my collection. That being said, I don't to "give" this piece away either. I have found that this community generally hits it on the mark for grading purposes. All your comments and views are VERY much appreciated as I only hope to confirm what I believe. Please, keep the comments and observations coming!
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SsuperDdave's Avatar
United States
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 Posted 09/14/2012  11:07 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Your words are reassuring; I'm convinced the coin is in good hands. From the sound of it, you have the necessary connections to get an appropriate price even raw. I won't conclusively differentiate between AU55 or AU58 based on such small images, but I'd have no problem believing AU58 for it. Value has to hover at or above $8k.

Which begs the question, "What the heck is so nice that you want to lose this beauty for it?"
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ArrowsAndRays's Avatar
United States
1660 Posts
 Posted 09/14/2012  11:14 pm  Show Profile   Bookmark this reply Add ArrowsAndRays to your friends list Get a Link to this Reply
rfields, while you personally are certain of the coin's authenticity, remember your target market will need the confidence they find in seeing the coin graded by a third party. The difference in AU grades is several thousands of dollars - to maximize your return it will be well worth your while to send it in.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 09/14/2012  11:25 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
rfields, while you personally are certain of the coin's authenticity, remember your target market will need the confidence they find in seeing the coin graded by a third party. The difference in AU grades is several thousands of dollars - to maximize your return it will be well worth your while to send it in.


A fair generality, but it must be noted: The Classic gold collector market is, much like early copper collectors, a very close-knit group. And like that copper, moving raw coins between them is not difficult. Moot point; should the OP choose a house like Heritage for the liquidation, they would fall over themselves to slab it for him. They've only ever offered 4 of these in AU58, and only two - ever - in Mint State.

This is an important coin. It's likely that there are people who are aware of every single example known in this grade.
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vermontensium's Avatar
United States
16679 Posts
 Posted 09/14/2012  11:38 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply


As a fanatic of Classic and Colonial copper, I can't tell you how many raw purchases I have made from fellow EAC members, some coins being quite rare. It's a quite trusted and very ethical bunch of folks.
Having said that, yes, I do feel you would maximize your return going with PCGS or NGC in this particular case given it's rarity.
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United States
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 Posted 09/14/2012  11:58 pm  Show Profile   Bookmark this reply Add rfields55 to your friends list Get a Link to this Reply
ssuperddave,
I want an 1854D 3$ piece so bad I can't stand it and I actually have the chance to put one (VF) in my collection. The gold coin collectors I associate with are very easy going, avid collectors and exclusive, hence we tend to trust one another explicitly and it is the way I like it. We all have a tendency to sell/trade below value without taking a bath on the piece. The small group of close friends and collectors I have been associated with, for several decades, help each other with their collection goals. So, before I offer up my gold piece to my friends I would like to get a Consensus on it's grading. And yes, I am aware of this coins value. It is way more important for me to keep my friends and the Enthusiasm we share for collecting than to profit at their expense. I am sure you can understand this being a collector yourself. This is way to fun to put a price on!
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 09/15/2012  12:20 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
The only Dahlonega $3? Um, I understand now.

There are a couple of members here who are more than cognizant with these types; I suspect you'll be seeing them in this thread soon.
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vermontensium's Avatar
United States
16679 Posts
 Posted 09/15/2012  12:29 am  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
swcoin.ecrater.com
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United States
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 Posted 09/15/2012  12:34 am  Show Profile   Bookmark this reply Add rfields55 to your friends list Get a Link to this Reply

From the very small group of gold coin collectors and friends I have associated with over 35+ years I could not have said it better than SsuperDdave..."The Classic gold collector market is, much like early copper collectors, a very close-knit group. And like that copper, moving raw coins between them is not difficult. Moot point"
Collecting is as much about trust, sharing and friendship as it is about the collection itself. I understand it still has to be valued, however, I could not breach a trust from so close a friendship as this small group of friends. I would gladly give the coin to a member for free as to deceive a single one of them.
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vermontensium's Avatar
United States
16679 Posts
 Posted 09/15/2012  12:50 am  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
And rfields55. It's great to have you :)
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Jaobler's Avatar
United States
6389 Posts
 Posted 09/17/2012  11:32 am  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
Beautiful coin and I agree with previous comments. I echo the folks who recommend having it graded (PCGS would be my choice) to confirm authenticity, assign a numeric grade, and provide a documented "expert" opinion that the coin is problem-free. All these factors will affect the potential sale price which in turn determines how close you come to covering the cost of that 1854-D. If you truly believe your collector community won't care about certification then you might conduct an unofficial auction among the $3 gold fans and sell to the highest bidder. Simple!

As far at the coin is concerned, it looks frosty with sharp denticles and excellent headdress detail. There are a number of small pockmarks in the fields but they are well-scattered and not too distracting. I see what looks like roughness along the lower left edge of the wreath. This could be an artifact from the original planchet. Given the rarity of the coin it may not matter but if it were a common date I would think this sort of feature would hurt eye appeal and depress the sale price a bit.

There may be slight wear along the lower edge of the LIBERTY band and at the lower hair curls. Otherwise it seems very close to mint state. The photos however do not show much if any luster and the coin should have solid luster given the lack of wear. Although I don't see any hairline scratches from cleaning, a lack of luster is a common sign of a cleaned coin. Any chance you can post larger images using different lighting?
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