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    Description

    1854 Three Dollar, MS65
    Popular First Year of Issue

    1854 $3 MS65 NGC. CAC. The 1854 was the first year of issue for what was ultimately an unpopular coin with the general public. This initial production, however, had a generous mintage of 138,618 circulation strikes. Demand dropped significantly in subsequent years, and mintages never again exceeded 100,000 coins. In fact, with only a few exceptions, most years saw mintages well under 10,000 business strikes. The 1854 is the second most available date following only the 1878 issue. It is likely that many 1854s were saved as curiosities when they were first released, accounting for the large number of Mint State survivors. NGC alone has seen more than 7,000 Uncirculated examples, primarily in MS60 to near-Gem. The population falls significantly at the Gem level, but there are enough extant to satisfy collector demand for high-grade type sets. This is a sharply defined example of this type coin, which has attained a popularity with modern-day collectors that it never saw in the 19th century. The mint luster is bright and softly frosted, and the strike details are strong throughout.
    From The Oliver Collection.(Registry values: N4719) (NGC ID# 25M3, PCGS# 7969)

    Weight: 5.02 grams

    Metal: 90% Gold, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View all of [The Oliver Collection ]

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    Auction Dates
    August, 2011
    11th-14th Thursday-Sunday
    Bids + Registered Phone Bidders: 5
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