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SERIES: Star Three Cent Silvers 1851-1872
LEVEL: Year, MintMark, & Major Variety

1862/1 3CS (Regular Strike)

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PCGS MS67+

OVERDATE DETAIL

PCGS MS67
PCGS #:
3681
Diameter:
14.30 millimeters
Designer:
James Barton Longacre
Weight:
.75 grams
Edge:
Plain
Mintage:
343,000
Metal Content:
90% Silver, 10% Copper
Auction Record:
$8,225 • PCGS MS67 • 12-5-2013 • Heritage
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Rarity and Survival Estimates (Explain)
Grades Survival
Estimate 
Numismatic
Rarity 
Relative Rarity
By Type 
Relative Rarity
By Series 
All Grades 3,000 R-4.4 13 / 16 TIE 16 / 25 TIE
60 or Better 1,000 R-5.0 14 / 16 TIE 20 / 25 TIE
65 or Better 300 R-6.4 14 / 16 20 / 25 TIE
Condition Census (Explain) Show more rows
Pos Grade Thumbnail Pedigree and History
1 MS67 PCGS grade
1 MS67 PCGS grade  

Heritage 10/2009:198

1 MS67 PCGS grade  
1 MS67 PCGS grade  
1 MS67 PCGS grade  
Condition Census (Explain) Show fewer rows
Pos Grade Thumbnail Pedigree and History
1 MS67 PCGS grade
1 MS67 PCGS grade  

Heritage 10/2009:198

1 MS67 PCGS grade  
1 MS67 PCGS grade  
1 MS67 PCGS grade  
1 MS67 PCGS grade  
1 MS67 PCGS grade  
1 MS67 PCGS grade  
1 MS67 PCGS grade  
1 MS67 PCGS grade  

Ron Guth: The 1862/1 Three-Cent Silver is a popular variety that collectors have known about since 1963, when it was discovered by John Cobb (according to Walter Breen).  The overdate itself is weak and appears mainly as a burr extending downward from the bottom of the 2 on the left side.  A more noticeable diagnostic is a die break that runs through the 1 of the date, connecting the left side of the star point with the rim.

In terms of rarity, the 1862/1 Three-Cent Silver is roughly three times as scarce as the "normal" 1862, but the overdate commands only a small premium except in the highest grades.  Because collectors have known about the variety for such a long time, numerous Mint State examples have been discovered.  The most frequently seen Mint State grade is, surprisingly, MS-65.  The finest 1862/1 Three-Cent Silvers are a dozen MS-67's certified by PCGS as of December 2011.  No Proof Overdates have been seen.

Most 1862/1 Three-Cent Silvers exhibit a strong strike, and some examples show evidence of die clashing (mostly on the reverse, where lines of the shield can be seen around the bottoms of the Roman numeral III).