1861 $3 Three Dollars Gold NGC AU58 CAC – Although there are a few gem+ pieces known of this issues, the scarcity of this issue in upper AU and Mint State should not be estimated. Only 5,559 pieces were produced for circulation, although the denomination had always been unpopular and was virtually nowhere to be seen at the start of the Civil War. That Civil War had a large influence on this and subsequent issues, which were melted in large quantities, never leaving the Mint.
Because of the above circumstances, this issue is very popular and examples are quickly absorbed in the market. Because of this, and the fact that this series has quickly gained popularity, make every original example to be carefully considered. Many high grade pieces have been cleaned, were weakly struck or show other problems and/or damaging, making original pieces in the distinct minority.
This is one of those scarce original pieces of this popular issue, stickered by CAC as such. Sharply struck, abundant in luster and with only some minor wear accounting for the grade. Both sides exhibit a fresh orange-yellow gold color. Die lines, as struck, are visible in the fields but do not distract from the virtually flawless fields exhibiting only a few minor hits. A great coin at an excellent collector prize!
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