A one-of-a-kind $3 brings in $1.3 million

Heritage Auctions' Aug. 11-12 sale at the Marriott-Chicago O'Hare, conducted prior to the American Numismatic Association World's Fair of Money, featured a rare 1855-S $3 coin as the top item, which earned $1,322,500—along with acclaim.

Coin rated Prf-64 Cameo by Numismatic Guaranty Corporation; pedigreed to the Golden Gate Collection.

With 5,154 bidders competing for 7,370 lots, the auction had a sell-through rate of 91% by total lot value and 95% by total lots, ultimately realizing more than $31.3 million.

"These are great results with strong showings in every corner of the market," commented Greg Rohan, president of Heritage College. "Despite the uncertainty in global financial markets, collectors and non-traditional buyers alike are flocking to Heritage auctions to purchase the top rarities we source for each sale."

A trio of varied coins completed the top quartet in the auction, showcasing interest across the gamut of varieties.

The second-place finisher in the auction was an 1893-S Morgan silver dollar, MS-67 NGC, from the Norweb and Jack Lee Collections. This specimen was the highest-graded NGC-certified item and brought in $546,250, which is great news for collectors of the popular Morgan dollars.

It took multiple rounds of bidding before an 1863 $10 graded Proof-65 Deep Cameo by Professional Coin Grading Service, CAC, finally ended the auction at $299,000. There was a sale of $276,000 for a 1796 $2-1/2 No-Stars MS-61 PCGS Cal.

The sole specimen available at the time was an 1855-S 50c Arrows Proof-65 NGC, WB-1, Ex: Golden Gate Collection, one of just three known proofs of this currency. Collectors competed fiercely for the coin, and it eventually sold for $276,000.

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