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2126

1864 $3 MS63 NGC....

2010 January Orlando, FL FUN US Coin Auction #1136

 
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Auction Ended On: Jan 7, 2010
Item Activity: 4 Internet/mail/phone bidders
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Location: Orlando, FL
Description:
Underappreciated 1864 Three Dollar, MS63
1864 $3 MS63 NGC. Ex: South Texas Collection. Estimates of the number of 1864 threes range as high as 200 pieces in all grades. That seems a generous number given a mintage of only 2,630 coins, but the key is "in all grades." We have offered very few better-grade Uncirculated 1864 threes over the past 15 years. In fact, our Auction Archives only show five appearances at various auctions in MS63 and MS64, all between 1998 and 2008. This coin is well-preserved enough at the MS63 level that fields show the die striations that are often seen that run from upper left to lower right. These striations, of course, give the coin a noticeable semiprooflike appearance. Numerous light abrasions are scattered over each side of the deep orange-gold surfaces. An overlooked and highly underappreciated rarity in the series.(Registry values: N4719) (NGC ID# 25MK, PCGS# 7985)

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