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August 24 , 2015

COIN OF THE WEEK

Beautiful 1854 Indian Princess $3 Gold PCGS MS66+ - $35,950.
Click on Coin Image to enlarge


Gem Satin Surfaces. 1st year of issue. In it's population report, this is the only MS66+ specimen that has been graded. Crisp strike, sharply lustrous, beautiful representation of this highly collected area of United States gold coins. This coin also has a kind of "crispy" luster along with remarkably clean fields for the grade, very 67-like. As can be expected for the grade, the luster is full on both sides, which adds to the effect of both sides to the eye. In all, this coin is a great first year of issue, and an excellent representative in a high-end type set of 19th century American coinage.

Please contact me by email or telephone 1-800-624-1870 to reserve this great coin.

Pieces such as this one are always in demand, and showcase a denomination which was only used for a few years, after which most issues became solely struck for collectors of the time without seeing circulation. The 3-cent rate of the United States postal system in the mid 1850s led to the introduction of this denomination, which was to facilitate the buying of sheets of hundred stamps. Stamps were first introduced in the United States in 1847, following a number of countries beginning with the United Kingdom in 1840. By 1854, it saw widespread use trough out the country, and many people were familiar with the small pieces of paper.

The introduction of the three dollar gold piece was a direct result of the introduction of postage stamps seventeen years earlier. It was designed by James Barton Longacre, who designed the majority of mid 19th century coinage of the United States. The denomination would be struck until 1889, when postage rates rose, but soon after its introduction circulation ceased, except in the western-most parts, in particular in California. As a result, a whole generation would grow up while this unusual denomination was still being struck, but most never saw one in hand.


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ADDITION NEW COINS ADDED - (Week of 8/24/2015)

Very Truly Yours,

Tom Pilitowski
www.usrarecoininvestments.com
Toll Free:
1-800-624-1870
Email: TomPilitowski@yahoo.com


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