1867 Indian Princess Head $3 PCGS PR65 CAMEO
The Philadelphia Mint struck 50 proof three dollar gold pieces for collectors in 1867, a small production in absolute terms, but fairly generous in the context of the series. A small business-strike mintage of 2,600 pieces was also accomplished. The proofs were delivered in two batches of 25 coins each, the first on March 5, and the second on July 2. A single die pair was used to strike all the proofs. The date is positioned further right on the proof dies than on the business strikes, with the 1 under the left foot of the first L in DOLLARS (the 1 is under the right side of the O in the circulation strikes). The different date position makes it easy to distinguish between real proofs and prooflike business strikes. The obverse die was created in 1864 and used to strike at least some of the proofs in every year from 1864-1867. It is easily recognized by a spike under Liberty's ear and a lump on her chin. This was the only use of the reverse die. John Dannreuther estimates the surviving population at just 14-16 examples in all grades.
This spectacular Gem proof exhibits sharply detailed design elements in most areas, with just the slightest trace of softness on the ribbon knot. The deeply reflective fields contrast boldly with the richly frosted devices to create an intense cameo effect. The pleasing orange-gold surfaces are well-preserved and overall eye appeal is terrific. The high quality within the grade is confirmed by CAC.