Elusive 1854-O Three, AU581854-O $3 AU58 NGC. It was just not to be: Although the U.S. Mint introduced the three dollar gold denomination in 1854 and struck it at three of the five mints then operating, the denomination would never again see yearly mintages as high as the first-year output. Between Philadelphia, Dahlonega, and New Orleans, nearly 164,000 coins were struck, in ratios of roughly 84:1:15 out of 100. The San Francisco Mint was just getting up to speed, having opened in April, and only in 1855 and for a few years sporadically thereafter did it strike the denomination, the last, in 1870, a unique single example. And after 1854, neither New Orleans nor Dahlonega ever again produced the series.
Despite the small mintage of 24,000 O-mint coins, the issue today is available for a price in all grades below Mint State, where examples become elusive. This specimen offers good luster over attractive greenish-gold surfaces, with only light field chatter appearing on each side. A small planchet lamination appears between the headdress and TA of STATES. NGC has certified only 18 pieces finer (3/10).(Registry values: N2998) (NGC ID# 25M5, PCGS# 7971)
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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