US Coins

Market Analysis: Nice 1854-D gold $3 coin offered

An unusually nice 1854-D Indian Head $3 coin graded PCGS AU-55 with a green CAC sticker sold for $96,000 on Aug. 16. PCGS has graded just 16 finer, including four in Mint State.

Images courtesy of Stack's Bowers Galleries.

Stack’s Bowers Galleries’ Aug. 16 standalone catalog of the George Schwenk Collection showcased his high-ranked Professional Coin Grading Service Registry Sets.

His “Basic Design Type Set” is ranked the #2 all-time finest and the 65 coins showcase a range of 19th and 20th century design types.

Leading the offering was a “refreshingly original” 1854-D Indian Head gold $3 coin graded About Uncirculated 55 by PCGS with a green Certified Acceptance Corp. sticker that sold for $96,000. The Dahlonega Mint issue featured lots of luster in the protected areas and was an unusually sharp survivor from a mintage of 1,120 pieces, all struck in August 1854 from a single die pair.

The price must have been seen as a bit of a disappointment, considering the $132,000 that it realized just a year ago when offered at another Stack’s Bowers sale.

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