The D. Brent Pogue Collection is known for its strengths in 18th and
early 19th century U.S. copper, silver and gold coins. His set of
Indian Head gold $3 coins, struck between 1854 and 1889, is a bit of
an outlier among his holdings.
At Part III of the Pogue Collection, offered in New
York by Sotheby’s and Stack’s Bowers Galleries, coins from his gold $3
set, considered among the finest and most complete ever assembled
(though missing the unique 1870-S coin currently held by the Harry
Bass Foundation) sold for more than $2.6 million, exceeding the $1.985
million low estimate total.
Here is one of three coins from the set that we're breaking down in
this week's Market Analysis:
1880 Indian Head gold $3 coin, MS-66+
Few of the coins from the first two Pogue sales have entered the
secondary market, and this scarcity has placed pressure on bidders at
the auctions to come up with strong bids or risk never being able to
own a particular Pogue coin.
However, a few have reentered the marketplace, such as Pogue’s 1880
Indian Head $3 coin, graded PCGS Mint State 66+ and given a green
Certified Acceptance Corp. sticker after the sale. It sold for $35,250
at Pogue III and is currently being offered by Legend Numismatics for $42,500.
COIN VALUES: What your Indian Head gold $3 coin is worth
Legend wrote, “If you do your research, you will find that is an
absolute steal relative to its rarity, quality, and what other similar
coins bring in other GOLD series. Again, it may not matter to some,
but we had been prepared to pay $45,000.00 HAMMER for this coin” (or
$52,875 with the 17.5 percent buyer’s fee included).
It is from a low mintage of just 1,000 circulation strikes, of which
this is one of the finest known.
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