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1854 $3 MS64 NGC. This denomination was authorized by the Act of February 21, 1853, the same Congressional legislation that...

2006 February Long Beach Signature Auction #400

 
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Auction Ended On: Feb 10, 2006
Item Activity: 7 Internet/mail/phone bidders
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Location: Long Beach, CA
Description:
Choice Mint State 1854 Three-Dollar Gold Piece
1854 $3 MS64 NGC. This denomination was authorized by the Act of February 21, 1853, the same Congressional legislation that reduced the weight of silver coinage. It was believed that a three-dollar gold coin would be convenient for postal transactions, especially for the purchase of 100-subject sheets of three-cent stamps. This issue marks the debut of the denomination, and it is technically a one-year type coin. The letters in DOLLARS are small and clearly shorter than the individual digits in the date. In all later years, these letters are taller, and approximately equal to the height of the date digits. Sharply struck and fully lustrous with rich yellow-gold coloration. A few flecks and splashes of coppery toning are visible on both sides. Census: 108 in 64, 18 finer (1/06).(Registry values: N4719) (NGC ID# 25M3, PCGS# 7969)

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