1862 $3 MS65 PCGS. CAC....

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Flashy MS65 1862 Three Dollar

1862 $3 MS65 PCGS. CAC. The 1862 three dollar had a mintage of 5,750 pieces. That number is not unusually low for the series, but when one considers the hoarding and exportation of gold and silver coins during the Civil War it is not surprising that so few pieces exist today. Only 30 to 40 Uncirculated coins are believed known with a mere 12 coins certified in MS65 and better condition from both of the major services--minus how many resubmissions?
The small mintage of 1862 threes was made in multiple press runs, but all were delivered on February 6, 1862. Two obverse and reverse dies were used. This coin was struck from heavily relapped dies, presumably after the dies clashed, and each side shows heavy vertical die striations. The obverse shows heavy polishing in the front of Liberty's neck, so heavy in fact that the front of the neck was partially effaced. This heavy die polishing also can be seen by the partial effacement of the first plume in the headdress.
The heavy die striations impart a bright, semiprooflike appearance to the fields, especially the reverse fields. The Bowers-Winter book on the three dollar series states that these "heavy striations interfere with the usual frost." However, in our experience with many dates of three dollar gold pieces, it is common for this series to exhibit both frost and semiprooflikeness--one of the few occurrences of this phenomenon in U.S. numismatics.
The surfaces have an overlay of light reddish patina on each side with a distinctive darker red spot below the D in DOLLAR on the reverse. The striking details are uncommonly strong when compared to many dates in this series with nearly complete definition in all areas. Population: 5 in 65, 3 finer (3/09).(Registry values: N7079)

Coin Index Numbers: (NGC ID# 25MH, PCGS# 7983, GSID# 8635)

Metal: 90% Gold, 10% Copper
Weight: 5.02 grams
AGW: 0.16oz
Mintage: 5,750

View Certification Details from PCGS