1860-S Three Dollars Gold NGC VF30
CAC. By 1860, California had changed from a regular
state with a large number of citizens and pioneers that
no one had expected 15 years earlier. The discovery
of gold in 1848 had led to a major emigration rush to
the most western area of the continent, and soon gold
coinage was abundant in all places, even the tiniest
In 1860, the San Francisco Mint had already been
open for six years, most of the small mining camps
were abandoned and major companies had taken over
the mining activities. As a result, life was becoming
normal in the state, and the $3 gold piece was used.
Introduced in 1854, this unusual denomination was
meant to make it easy to acquire sheets of 100 3 cent
piece, the most frequently used stamp of the time.
While this might sound strange in modern times, postage
was very important in the lives of 19th century Americans.
No other communication methods existed, and the people
had to rely on the mail system to get in touch with
family for away.
The present piece, one of only a few branch mint
issues of this denomination, with only 7,000 pieces
struck, circulated for some time in the western states.
As a result, wear is seen on both sides, as can be
expected. A few tiny hairlines show, not from cleaning
but from normal circulation. Toned to a very nice
yellow-brown color, this coin is a premium example
of this forgotten denomination. Completely original
and scarce as such. Certified by CAC for premium quality,
this coin is sure to please any collector of 19th