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Lot
5353

1865 3CN MS67 PCGS. The Three Cent Nickel was introduced in 1865, and was important to commerce during its initial years si...

2005 June Long Beach Signature Auction #376

 
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Auction Ended On: Jun 2, 2005
Item Activity: 5 Internet/mail/phone bidders
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Location: Long Beach, CA
Description:
Superb 1865 Three Cent Nickel, MS67 PCGS
1865 3CN MS67 PCGS. The Three Cent Nickel was introduced in 1865, and was important to commerce during its initial years since silver coins were hoarded, driven from circulation by paper money without specie backing. Although more than 11 million pieces were struck, and Uncirculated pieces are not rare, most have indifferent strikes or are abraded from improper storage. Virtually immaculate examples, such as the present piece, are of the highest rarity.
Bountiful luster and mint frost can be found on this boldly struck, untoned first year issue. Only the pillars of the denomination are not completely brought up, but nonetheless have excellent definition for a commercial strike. Millions were produced, but only a few dozen Gem Mint State survivors are now available. When it comes to the Superb level, only three pieces have thus far been certified by both services, combined (4/05).
From The Western Hills Collection.(#3731) (Registry values: N2998) (NGC ID# 22NJ, PCGS# 3731)

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