1861 $3 MS (PCGS# 7982)
The June 2010 Baltimore Auction
Auctioneer: Bowers & Merena
Lot Number: 3589
View the Original Auction
A date that is rarely offered at auction, the 1861 Three is highly elusive in both proof and business strike formats. The business strikes have a mintage of just 5,959 pieces, and fewer than 300 are believed to have survived to the present day (this estimate is based on the total provided in the 2005 book <em>The United States $3 Gold Pieces: 1854-1889</em> by Q. David Bowers and Doug Winter). Unlike with many late-date issues in this series, most survivors of the 1861 issue are circulated. Mint State coins are very rare, and they are always treated as highlights in whatever collections they are included.<br /> An important offering for the advanced gold specialist, this is a pretty BU-quality survivor with warm rose-gold peripheral highlights framing medium-orange centers. Lustrous and satiny, we further note a sharp strike and freedom from all but small, wispy abrasions. Not all that far from Choice quality, we anticipate this coin selling for a noteworthy bid.