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USA (Dahlonega mint), $3 Indian Princess, 1854-D, encapsulated PCGS XF45 (old green tag), extremely

Currency:USD Category:Coins & Paper Money / World Coins - Gold Start Price:20,000.00 USD Estimated At:20,000.00 - 30,000.00 USD
USA (Dahlonega mint), $3 Indian Princess, 1854-D, encapsulated PCGS XF45 (old green tag), extremely
All items are genuine unless noted. Most shipwreck coins and artifacts come with a certificate of authenticity (please check the description for each item). By bidding in this auction you understand and agree to the Terms and Conditions posted here.
USA (Dahlonega mint), $3 Indian Princess, 1854-D, encapsulated PCGS XF45 (old green tag), extremely rare. KM-84. One of the icons of US gold coins is the Dahlonega $3, a one-date issue of a short-lived mint, struck in very low quantity (1120 pieces, of which only maybe 10% still exist), in fact all in one day: July 26. While the Dahlonega and Charlotte mints operated in parallel for their entire short histories, only Dahlonega minted a $3 piece. Put it all together and it is easy to see why Dahlonega collectors and collectors of US gold by type all fight heavily for this issue! Our specimen is also one of the better-struck examples out there, with nearly full hair and headdress detail, much of the rim-denticles, and bold U in UNITED, not to mention the lack of any defects like laminations or rough spots, although the diagnostic clash mark in front of the throat and doubling of TED in UNITED are prominent. Overall this coin could pass for a mid- to high-end AU, but when this coin was slabbed the grading standards were tighter and reflected more "net grading" based on cleaning, etc. This coin has very good eye-appeal, very lustrous and bold, and its rarity and importance are legendary. It is little wonder that Douglas Winter, author and renowned expert in branch-mint gold, had this to say in his book Gold Coins of the Dahlonega Mint 1838-1861 (second edition): "If I had the financial resources (and patience) I would attempt to warehouse a number of nice quality 1854-D Three Dollar gold pieces and wait for the market to come to me." Pedigreed to the Stack's-Bowers auction of November 2011.