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    Description

    1863 Three Dollar Gold, MS67
    Challenging War-Year Rarity

    1863 $3 MS67 PCGS. CAC. Monetary policy during the Civil War was confused and in disarray. Uncertainty about the intrinsic value of gold and silver, politics -- and, of course, the war -- continued to override concerns about shortages in domestic circulating coinage. Aside from the workhorse double eagle, most gold coins were minted in small quantities with no intention of using them to ease the shortage. Mintages of the smaller gold coins were earmarked for export or, in some cases, simply placed into storage with the melting pots beckoning.

    Of all gold issues for the year, the 1863 three dollar gold was among the most sparsely produced with just 5,000 business strikes minted. Probably, the public did not care much because the three dollar was an unpopular denomination (many considered it redundant when compared with the more popular quarter eagles).

    As a result, few high-grade 1863 three dollar examples exist today, with an estimated survival of less than 50 pieces in Mint State. Of these, few can match the sparkling appeal or lofty technical grade of this Superb Gem. It is one of only five graded MS67 by PCGS and NGC combined, with two finer by NGC (11/13).

    Rich honey-gold color shows touches of rose-red, violet, and vivid yellow-gold highlights on the obverse. The reverse is similarly toned with a dappling of orange-gold. As with most Mint State specimens of this date, die clashing exists on both sides of the coin, but without detriment to the quality of strike or the lustrous appeal. The reflective surfaces are remarkably free of abrasions or post-mint contact.
    From The David & Sharron Akers Collection.(Registry values: N10218) (NGC ID# 7K5R, PCGS# 7984)

    Weight: 5.02 grams

    Metal: 90% Gold, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View all of [The David & Sharron Akers Collection ]

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    Auction Dates
    January, 2014
    8th-12th Wednesday-Sunday
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