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 Replies: 26 / Views: 5,068 |
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Pillar of the Community
 United States
3234 Posts |
PCGS AU53
These coins are notoriously not fully struck, so what looks flat is mainly strike. The coin definitely has some light wear on the devices and into the fields. The coin has prooflike brilliance instead of luster due to the low mintage. It's about 30-40% lusterous (I'll call it that anyway) on the obverse and about 80-90% lusterous on the reverse.
Based on my recent experience with looking at and buying gold (and what others like Johnny are saying), this is exactly what you want gold coins to look like...not canary yellow. This coin shows pure originality.
I do feel fortunate that I was able to acquire this rare piece.
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Rest in Peace
United States
5375 Posts |
Did you pay a premium price? (I imagine you did)
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Pillar of the Community
United States
3234 Posts |
Let's just say it wasn't cheap.
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Bedrock of the Community
United States
10982 Posts |
Quote:
Let's just say it wasn't cheap.
I've looked at $3 gold pieces in AU and "not cheap" is an understatement. $2,500 would be my guess. |
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Pillar of the Community
United States
851 Posts |
If you don't mind me asking, how much did you get that piece for?
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Rest in Peace
United States
4849 Posts |
I think PCGS graded it fairly. With that much remaining luster, there is no way it would grade below AU imo, but it's still a ways from MS. This coin has "the look". I don't really know how to explain exactly what "the look" is, But I know it when I see it, and this one definitely has it. My type example I feel is pretty close to having "the look", but Prethren's nails it. Here is my ANACS AU-55.   |
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Pillar of the Community
United States
1490 Posts |
Prethen, I would like to comment on the awesome picture you took of your coin.  Edited by JimR
07/14/2010 8:19 pm
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Pillar of the Community
United States
3234 Posts |
Quote:
I would like to comment on the awesome picture you took of your coin. That's much appreciated. I actually did 2 separate photo sessions and got these shots in the second. I wasn't too happy with the first set. It was a lot of work just for 2 photos! |
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Valued Member
United States
438 Posts |
You mentioned prooflike surfaces... remember that the mint often used the Proof dies to slap out circulation strikes. Don't know if that was the case here or not.
Mike
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Valued Member
United States
438 Posts |
The Garett and Guth Gold Encyclopedia notes that the 1867 is notable for prooflike surfaces and visible die polish lines. The David Akers book notes that Proofs can be distinguished from business strikes by the position of the date, so obviously they used different dies. Walter Breen in his 1963(?) monograph also notes the prooflike surfaces. The Bowers $3 book notes about 150 remain in all grades, are often prooflike, and the strike quality this year is above average.
Mike
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Pillar of the Community
United States
3234 Posts |
Thanks Mike for the extra info!
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Replies: 26 / Views: 5,068 |
First Page
Posted 07/14/2010 12:40 pm
