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February 22, 2016

Near Gem 1888 Indian Princess $3 PCGS MS66 CAC- $24,400.00
Click on Coin Image to enlarge


Stunning gem. Lovely satin luster. This low mintage, Mint State 1888 Three Dollar Gold coin is well struck and has twinkling mint luster in protected areas of both sides of the piece. There are full details on the ends of the feathers, Liberty’s hair, the central elements of the reverse, and the components of the wreath. They are completely original and clean for the grade with no notable abrasion marks or other distractions. Only 12 coins have been certified by CAC in MS-66 and NONE BETTER.

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

In 1851 a law was passed that authorized a three cent piece and also made the postage rate three cents. Two years later a new law was passed authorizing a light weight silver three cent coin and three dollar gold coin. Evidently lawmakers believed that the gold coin would be useful to buy rolls of three cent coins and sheets of stamps. Its closeness to the quarter eagle, which was widely used, made the denomination somewhat illogical, and the public proved indifferent to them.

James Longacre designed the three dollar gold coin using an Indian Princess motif. He had to create a motif that would be distinctly different from the quarter and half eagle coronet designs. The design, similar to his Gold Dollar Large Head, shows a head of Liberty facing left wearing a stylized headdress. Inscribed on the headband is LIBERTY. She is surrounded by the words UNITED STATES OF AMERICA. In using the Indian Princess motif, Longacre felt that he was designing something that was uniquely American rather than an adoption from the classics. The reverse shows an open wreath of corn, cotton, wheat, and tobacco tied at the bottom with a bow. The denomination 3 appears at the top center of the wreath, with DOLLARS and the date below within the wreath. Longacre liked the wreath design so much that he adopted it for use on the small cent of 1856.

 

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NEW COINS ADDED - (The week of 2/22/2016)

1805 Draped Bust 10C PCGS MS62. 5 Berries, Large Eagle

1823/2 Capped Bust 10C NGC MS66. JR-3, Large Eagle, Large Denticles

1844 Liberty Seated 10C NGC PR64 CAC

1890 Liberty Seated 25C PCGS PR68 DCAM, With Motto

1854-O Liberty Seated 50C PCGS MS66 CAC, Arrows, No Motto

1797 Draped Bust $1 PCGS AU58 CAC. 9x7 Stars, Large Letters, Small Eagle

1881 Trade $1 NGC PR67 UCAM. Gem White Ultra Cameo

1859 Liberty $2.5 Gold NGC PR64 CAMEO

1888 Gold $1 PCGS PR65+DCAM CAC. Gem Deep Cameo

 

Very Truly Yours,

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


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