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    Description

    Important 1885 Three Dollar Gold, MS64

    1885 $3 MS64 PCGS. CAC. In 1885 the Philadelphia Mint coined a mere 801 circulation strikes and 109 proofs of the three dollar gold piece, perhaps prompting Thomas Elder to state that this date was the rarest of all later three dollar issues. By the 1880s, the denomination was essentially obsolete. It was originally issued to aid in the sale of postage stamps, as the postal rate in 1854 was three cents. That rate eventually dropped to two cents as costs declined, and the three dollar gold piece was no longer necessary.
    This remarkable example is boldly detailed with bright orange-gold surfaces. The fields are fully mirrored as usual for the low mintage issue. Trivial surface marks prevent a higher grade but do little to distract the viewer. Population: 29 in 64, 16 finer (2/09).(Registry values: N4719) (NGC ID# 7KDP, PCGS# 8007)

    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
    March, 2009
    28th-31st Saturday-Tuesday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
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