1865 3CN MS (PCGS# 3731)

2009 March Baltimore, MD Signature US Coin Auction #1126

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    Heritage Auctions
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Lot Description
1865 3CN MS67 PCGS. CAC. Ex: Bruce Scher Collection. Delicate chestnut and cream-gray colors grace this shimmering and magnificently preserved Superb Gem. A boldly struck piece, the A in STATES and the pillars of the denomination are not completely brought up, but nonetheless have excellent definition for a commercial strike. The Three Cent nickel was introduced in 1865, and was important to commerce during its initial years since silver coins were hoarded, driven from circulation by paper money without specie backing. Although more than 11 million pieces were struck, and Uncirculated pieces are not rare, most have indifferent strikes or are abraded from improper storage. Virtually immaculate examples, such as the present piece, are of the highest rarity. Population: 2 in 67, none finer (2/09). Ex: Bruce Scher Collection (Heritage, 2/2005), lot 4001, which realized $13,368.75.
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