Three-Dollar Gold Piece

1864 Three-Dollar Gold Piece. AU-55 (PCGS).

Sandy-gold shades are illuminated by considerable satiny luster across this Choice AU example. Only the lightest friction is noted on the high points and the surfaces remain free from individual distractions. Boldly struck and very attractive. With 2,630 pieces produced, the 1864 has one of the lowest mintages in the circulation strike three-dollar gold series of 1854 to 1889. Little gold bullion reached the Philadelphia Mint during this Civil War year. Gold coins of all denominations were absent from circulation in the Eastern and Midwestern states and had been since late December 1861. Two deliveries sufficed to close out this issue: 440 coins on February 25 and 2,190 pieces on December 6. All were struck from a single die pair, the reverse with a Repunched Date that is boldest on the digits 18. The offered piece is a truly historic 1864 $3, boasting a desirable provenance to the famous Virgil Brand Collection.

PCGS# 7985. NGC ID: 25MK.

From the Bimyway Collection. Earlier ex our (Bowers and Merena's) sale of Coin from the Virgil Brant Collection, Part II, June 1984, lot 1429.

Estimate: 5760