1861 $3 MS(PCGS#7982)

March 2021 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

5707

等级

AU50

价格

25,237

详细说明

1861 Three-Dollar Gold Piece. AU-50 (PCGS). Somewhat dusky sandy-gold patina reveals glints of silvery tinting under a light. Boldly defined overall with glints of original luster. Never a popular denomination in commerce, by 1861 the three-dollar gold series had settled into a pattern of limited yearly circulation strike mintages that would continue almost without exception until its end in 1889. The Philadelphia Mint produced just 5,959 circulation strikes during the first year of the Civil War, this being the last year in which gold coins were paid out at face value. After gold specie payments were suspended on December 28, 1861, what few three-dollar gold pieces were held by Northern bullion dealers, banks and exchange offices could be obtained only by paying a premium in paper money. Few, if any, did for the three-dollar gold piece did not circulate in the East or Midwest for the remainder of the Civil War and continuing into the Reconstruction era. While gold coins continued to circulate on the West Coast, the unpopularity of the three-dollar denomination meant that few such pieces were seen in California, and than again mostly earlier dated examples from the 1850s. The circulation strike 1861 three-dollar gold issue is represented by only a few hundred coins, virtually all of which are in higher circulated or Mint State grades. Most EF and AU survivors were saved as part of bank reserves and snatched up by numismatic dealers during the early 20th century. PCGS# 7982. NGC ID: 25MG. Click here for certification details from PCGS. Image with the PCGS TrueView logo is obtained from and is subject to a license agreement with Collectors Universe, Inc. and its divisions PCGS and PSA.