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    Incredible 1856 Three, MS65

    1856 $3 MS65 NGC. The 1856 three had a mintage of 26,010 coins, and nearly all survivors show evidence of circulation. Jeff Garrett and Ron Guth observe that this date appears infrequently in auction, and that Mint State examples are rare. In The United States $3 Gold Pieces, Dave Bowers agrees: "In Mint State the rarity of the 1856 is not widely appreciated. Truly choice and gem pieces are seldom seen in the marketplace now, nor were they ever plentiful."
    In our auctions dating back to 1993, we have only Mint State examples in 53 appearances, representing a smaller number of coins. Only 20 of the 53 appearances graded better than MS62. NGC and PCGS have only certified three MS65 examples, with none finer. This piece ranks as one of the finest known, a coin that will delight the specialist.
    The rich peach-gold surfaces exude the desirable mint bloom so often lacking in lower quality coins, and the luster is full and complete. The design elements are sharply impressed by the dies, with no significant weakness on Liberty's curls or the wreath. In the end, however, we must look at the surfaces and these are what really separate this coin from the many and place it at the top of the grading selection. For this Gem to make the grade, the surfaces had to be really clean, and at first glance one would expect this to be a much later date to be so well preserved. Just a few minor, inoffensive marks on the reverse are mentioned for accuracy. The fields are partially prooflike, being associated with noticeable die striations. Census: 1 in 65, 0 finer (10/09).(Registry values: N7079) (NGC ID# 25M8, PCGS# 7974)

    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
    December, 2009
    3rd-6th Thursday-Sunday
    Bids + Registered Phone Bidders: 8
    Lot Tracking Activity: N/A
    Page Views: 1,016

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