By February 24, 2011 0 Comments Read More →

PCGS Exhibits First Complete Set of Certified Proof $3 Gold in Sacramento

The first-ever complete set of certified proof U.S. $3 gold coins will be publicly displayed for the first time anywhere at the Professional Coin Grading Service (www.PCGS.com) booth, #1101, during the American Numismatic Association’s National Money Show™ in Sacramento, California, March 17 – 19, 2011.

“This unprecedented 36-coin set was assembled over the past six years by collector Tom Bender of Philadelphia, Pennsylvania and Palm Coast, Florida. Just a few weeks ago he obtained the final coins he needed, and this will be the first time an entire set of certified proof $3 gold has ever been publicly exhibited,” said Don Willis, President of PCGS, a division of Collectors Universe, Inc. (NASDAQ: CLCT).

proof three dollar gold PCGS Exhibits First Complete Set of Certified Proof $3 Gold in Sacramento“This is an extraordinary collection and an amazing achievement,” said Laura Sperber, President of Legend Numismatics in Lincroft, New Jersey who encouraged Bender to begin the collection in January 2005 and helped him obtain most of the coins. “This is the first $3 proof gold set certified by PCGS in 25 years of operations. Even compared to famous, early collections, this set would still rank as the finest known.”

Bender’s personal favorite is the 1856, graded PCGS PR65+ Deep Cameo, formerly in the famous Garrett Collection.  It is a Population 1 with none graded higher.  Other notable coins in the set and their PCGS grades include: 1873 Open 3 PR65 Deep Cameo; 1875 PR65 Deep Cameo; and 1876 PR66 Deep Cameo.

Bender began collecting coins as a youngster in Kentucky, and recalls riding his bicycle to a coin shop where he would purchase Indian Head cents for 20 cents each.

He considers himself a coin collector, not investor.

“The proof $3 gold is an undervalued series. This is in part due to the extreme rarity of the coins. Many collectors are not attracted to a series where the coins are so difficult to find. For example, many of the dates only have populations of nine or ten. The 1855 and 1856 have a mintage of five each,” said Bender.

In addition to the proof $3 gold, his Indian Cents Basic Proof Set is ranked number one in the PCGS Set Registry™ and his Lincoln Cents Basic Circulation Strike Set is ranked number three. He currently is putting together a complete type set and a complete collection of Liberty Seated dimes.

“I’ve found a number of my silver coins by meeting other members of the PCGS Set Registry who have sold me some of their duplicates,” Bender explained.

The PCGS Set Registry has more than 54,000 registered sets of U.S. and world coins. For additional information, visit online at www.PCGS.com/setregistry or call PCGS Customer Service at (800) 447-8848.

About the Author:

Professional Coin Grading Service (PCGS) is a division of Collectors Universe, Inc. (NASDAQ: CLCT), the leader in third-party authentication and grading services for high-value collectibles including rare coins, trading cards, tickets, autographs, memorabilia and stamps.

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