1869 Three-Dollar Gold Piece. JD-1, the only known dies. Rarity-6+. Proof-64 Cameo (PCGS). CAC. Here is an exceptional quality example of this rare 19th century Proof gold issue. Fully struck with a delightful satin to softly frosted finish. The devices appear to float atop lovely reflectivity in the fields and the contrast between these features readily supports the coveted CAM designation from PCGS. Equally deserved is CAC approval, for the surfaces are fully original and undeniably Choice in quality. Even medium gold color enhances the impressive eye appeal of this captivating specimen.<p>The 25-piece mintage for the Proof 1869 three-dollar gold issue was achieved on February 19 using a single obverse and reverse die pairing. Just 12 to 14 coins are believed extant (per John W. Dannreuther, 2018), an estimate that places this issue in the same tier for rarity as most other Proof three-dollar issues from 1862 through 1871. While all survivors of this elusive date are desirable, the present is among the most desirable due to its premium quality surfaces and an impressive provenance that can be traced back to 1883. It has been in only two collections since then: Garrett/The John Hopkins University and the Huberman Collection. Prior to its appearance in Bang & Co.s April 1883 Hebbeard Sale, where it was acquired by T. Harrison Garrett as part of a complete 1869 gold Proof set, the provenance likely traces back to the United States Mint in 1869 through just one or two earlier owners, although the exact number is unknown. What is certain is that the present offering represents only the third market appearance for this coin since 1883 -- an impressive record of ownership shared by few other classic U.S. Mint coins. The winning bidder will be joining a very short list of prominent numismatic caretakers of one of the finest Proof 1869 three-dollar gold rarities extant. From the Huberman Collection. Earlier ex Bangs & Co.s Hebbeard Sale, April 1883, lot 381, a complete 1869 gold Proof set, dollar through double eagle; T. Harrison Garrett, to Robert and John Work Garrett, by descent, 1888; Robert Garrett interest to John Work Garrett, 1919; transfer completed 1921; John Work Garrett to The Johns Hopkins University, by gift, 1942; our (Stacks) sale of the John Work Garrett Collection for The Johns Hopkins University, March 1976, lot 431. Stacks lot tag included.
