1864 $3 MS(PCGS#7985)

June 2022 U.S. Coins Auction

Auctioneer

Stack's Bowers

Lot Number

2075

Grade

XF45

Price

5,280

Lot Description

1864 Three-Dollar Gold Piece. EF-45 (PCGS). OGH. Silver-tinged, honey-orange and pinkish-rose surfaces reveal plenty of lively mint luster as the coin dips into a light. With 2,630 pieces produced, the 1864 has one of the lowest mintages in the circulation strike three-dollar gold series of 1854 to 1889. Little gold bullion reached the Philadelphia Mint during this Civil War year. Gold coins of all denominations were absent from circulation in the Eastern and Midwestern states and had been since late December 1861. Two deliveries sufficed to close out this issue: 440 coins on February 25 and 2,190 pieces on December 6. All were struck from a single die pair, the reverse with a Repunched Date that is boldest on the digits 18. The offered piece represents a significant find for gold enthusiasts with an interest in this challenging 19th century series. Provenance: Acquired from Heritage Rare Coin Galleries, date not recorded. Old style company tag included. PCGS# 7985. NGC ID: 25MK. Click here for certification details from PCGS.