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    Description

    Rare 1860-S Three Dollar Gold Piece, AU58
    Second Rarest S-Mint Three

    1860-S $3 AU58 PCGS. Only 7,000 three dollar gold pieces were coined at the San Francisco Mint in 1860. Walter Breen reports 2,592 pieces were found to be underweight and melted at a later date, leaving a net mintage of 4,408 pieces. The date is the rarest of the early San Francisco issues and is second only to the unique 1870-S in terms of rarity in the entire S-Mint series. Few coins were saved by early collectors, and the date is particularly rare in Mint State grades. Experts believe 100-135 examples are known today, with most examples seen in the VF range. AU examples are rare and Mint State coins are virtually unobtainable.
    While conservatively graded AU58, the present coin is extremely close to Mint State. Mint luster is nearly complete, and the slight softness observed on the high points is from striking weakness rather than wear. The original yellow-gold surfaces have taken on a deep reddish patina. The fields exhibit a scattering of small abrasions, consistent with the grade. A backward J-shaped planchet indent is evident near the border, below the lowest curl. Population: 4 in 58, 3 finer (11/09).(Registry values: N2998) (NGC ID# 7K5M, PCGS# 7981)

    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
    January, 2010
    6th-10th Wednesday-Sunday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
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