Gold $3 coins focus of upcoming Huberman Collection sale

An 1860-S indian Head $ 3 coin graded MS-61 and an 1866 indian Head $ 3 coin, graded Proof 66 Deep Cameo and bearing a green CAC poser, are highlights of Stack ’ s Bowers Galleries ’ April 5 auction of the Huberman Collection at its Costa Mesa galleries. Stack ’ mho Bowers Galleries is set to offer a top collection of amerind Head gold $ 3 pieces as part of its Baltimore Whitman Coin and Collectibles Spring Expo auctions, held after the convention at its Costa Mesa, California, headquarters, April 5 to 8 .
The Huberman Collection was built over 53 years and consists of 44 Proof and circulation strikes. Most of coins in the set have been off the commercialize since the mid-1970s, and many of the coins have ownership histories that include landmark names in the hobby .
The serial was foremost hit in 1854 and was, possibly, issued to help facilitate the purchase of postage stamps, though that reason is changeable. As Stack ’ s Bowers vice president Vicken Yegparian wrote in his Feb. 21 Coin World column, “ The aureate issues comprise an alluring series for a kind of reasons, starting with the fact that cipher can quite put their finger on precisely why the queerly designate serial was produced in the first identify ! ”

The concluding decade of the series saw limited mintages of Proof and Mint State coins. The august curio of the series is the 1870-S indian Head $ 3 mint, which is known by a single exercise that is in the Bass Foundation Collection on display at the American Numismatic Association .

Another San Francisco Mint exit, the 1860-S indian Head $ 3 coin, is one of the tough dates in the series, with the “ Red Book ” citing a mintage of 7,000 coins and Stack ’ s Bowers citing Walter Breen ’ randomness 1988 Encyclopedia that reported, “ 2,592 of the 7,000 coins struck were found to be scraggy and were melted and later turned into other denominations, leaving a web mintage of good 4,408 coins. ”
today most survive examples are banal. When B. Max Mehl offered the collection ’ second example in his 1950 auction of the Jerome Kern Collection, the Texas dealer called it, “ The most perfect and most beautiful specimen of this date and mint $ 3.00 gold piece I have ever seen. ” It is presently graded Mint State 61 by Professional Coin Grading Service .
The cataloger observes, “ modestly reflective fields support satiny devices that range from boldface to full in striking detail. The color is a pale golden-honey shade with faint traces of pinko opalescence apparent under a light. Wispy handling marks do little more than define the mark, and are fewer than one would expect at the MS-61 degree. ”

It is one of four certified by PCGS in this grade, with two fine, both surpassing the offered piece by a one grade point .

A top quality Proof $3 coin

The Huberman Collection is peculiarly noteworthy for its Proof coins, purchased in an era before third-party marking firms like PCGS and Numismatic Guaranty Co. added liquid and dependability in mint scaling. possibly the most beautiful is an 1866 indian Head gold $ 3 coin graded Proof 66 Deep Cameo by PCGS, and bearing a green Certified Acceptance Corp. dagger, that is the finest-known of the date. The distribute description calls it “ Extraordinary ! ” and explains, “ Deeply mirrored fields reveal a elusive ‘ orange peel ’ texture when observed with the help of a loupe, ” praising the soft satin texture on the devices and bright yellow-gold surfaces that “ frame on numismatic paragon. ”
fair 30 were minted and researcher John Dannreuther estimates that about half survive today .
The auction house comments, “ The dearth of commercialize offerings argues strongly in favor of the lower estimate but, in either case, this is a highly elusive return with even lower timbre specimens representing a significant discovery. ”

The set ’ mho piece has a brilliant birthplace that traces second more than a century to Thomas L. Elder ’ s sale of the William H. Woodin Collection in 1911, then moving to the John H. Clapp estate of the realm, from which Louis E. Eliasberg Sr. purchased it in 1942. It was sold in Bowers and Ruddy ’ s auction of the Eliasberg Collection helping offered under the entitle “ United States Gold Coin Collection ” in October 1982. At the time the New York Times called the de-emphasis on the Eliasberg connection curious in Bowers & Ruddy compress releases trumpeting the sale, writing, “ indeed, the firm is billing the fabric just as ‘ The United States Gold Coin Collection. ’ however, there can be no question as to its source ; the Eliasberg Collection has been a family word for years among numismatists and its contents could not be mistaken. ”
Stack ’ s Bowers concludes in the current presentation, “ As the finest known, the Eliasberg Deep Cameo Gem Proof offered here is a landmark rarity, the inclusion of which would put any cabinet on the numismatic map. ”
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