Three Dollars Gold NGC MS60. The final civil war date
of this interesting denomination. Introduced in 1854,
the $3 gold piece was never very popular with the general
public at that time, and as a result, mintages were
generally very low. A miniscule 1,140 pieces were struck
in 1865, including 25 proofs produced for collectors
and for presentation to important people of the time.
After the civil war, mintages further declined. Speculation
however, soon arose, as collectors realize that these
coins would become scarce today. As a result, although
most $3 gold coins are scarce, the relative rarities
of mint state pieces is even lower than expected.
In 1865, most collectors did not set aside this particular
issue, creating a rarity in any mint-state grade.
The 1865 is one of the scarcer issues of the $3 gold
pieces, although this fact is not widely known. While
several well known collectors have undertaken the
challenge of completing this set by date and Mint,
the rarity of these pieces have created higher prices,
especially because of the demand for these coins has
been increasing. In uncirculated condition, this date
is seldom offered, really not more than once or twice
a year, at most. Estimates range from a total of 65-80
known pieces, with only a small minority of those
remaining coins in mint-state.
The present piece, although certified by NGC at the
lowest mint-state level, is a truly uncirculated coin.
In reality this coin looks better than the grade indicates.
Lustrous, prooflike fields are seen, a feature indicating
this coin was part of the initial striking. This current
offering is rare opportunity to obtain an uncirculated
example of this scare Civil War Three Dollar Gold