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    Description

    Superb Gem 1854 Three Dollar Gold Piece

    1854 $3 MS67 NGC. February 21, 1853 was an important date in the history of American numismatics. This was the date that Congress enacted legislation to reduce the rate of subsidiary silver coinage. It was the same Mint Act of February 21, 1853 that authorized the issuance of three dollar gold pieces. Section 7 of the Act read: "And be it further enacted, that from time to time there shall be struck and coined at the Mint of the United States, and the branches thereof, conformably in all respects to law, and conformably in all respects to the standard of gold coins now established by law, a coin of gold of the value of three dollars, or units, and all the provisions of an act entitled 'An act to authorize the coinage of gold dollars and double eagles,' approved March third, eighteen hundred and forty nine, shall be applied to the coin herein authorized, so far as the same may be applicable; but the devices and shape of the three dollar piece shall be fixed by Secretary of the Treasury."
    The obverse features an Indian princess facing left, wearing a feathered headdress with a beaded band inscribed LIBERTY. Around, is the statutory legend UNITED STATES OF AMERICA. The reverse has an agricultural or cereal wreath enclosing the date and denomination. The letters in the denomination, DOLLARS, are each smaller and shorter than the individual digits in the date. This is the only date where that occurred. The design for this coinage issue was duplicated, with the appropriate change in the denomination, by Longacre in 1856 for the new type of gold dollar.
    This is an impressive example with fully brilliant yellow-gold luster and frosty obverse and reverse surfaces. A few tiny obverse ticks by the nose are the only marks of note on this essentially flawless coin. All of the design elements are sharply impressed with excellent detail. An important opportunity awaits the patient and aggressive bidder.(Registry values: N10218) (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.

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    Auction Info

    Auction Dates
    August, 2006
    13th-14th Sunday-Monday
    Bids + Registered Phone Bidders: 9
    Lot Tracking Activity: N/A
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