1865 $3 MS(PCGS#7986)

March 2018 Baltimore U.S. Coins Auction

Auctioneer

Stack's Bowers

Lot Number

3770

Grade

AU55

Price

13,200

Lot Description

1865 Three-Dollar Gold Piece. AU-55 (PCGS). Boldly defined honey-rose surfaces reveal ample evidence of a satin to modestly semi-prooflike finish as the coin rotates under a light. By 1865, the final year of the Civil War, gold coins had already been absent from circulation in the East and Midwest for three years. Little bullion reached the Mint for new coinage during that time and the three-dollar gold piece, unpopular almost from the time of its introduction in 1854, was particularly hard hit. Circulation strike coinage amounted to a mere 1,140 pieces in 1865, this being the rarest issue of the type produced up to that point in time. The present example is among the finest of just 100 to 150 circulated coins believed extant, and it is sure to have no difficulty finding its way into an advanced gold cabinet. Provenance: From the RSC Collection. PCGS Population: 13; 27 finer, only 11 of which are Mint State (MS-66+ finest). PCGS# 7986. NGC ID: 25ML. Click here for certification details from PCGS.