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***Auction Highlight*** 1862 Three Dollar Gold 3 Graded Select Unc By USCG (fc)

Currency:USD Category:Coins & Paper Money Start Price:25.00 USD Estimated At:5,875.00 - 11,750.00 USD
***Auction Highlight*** 1862 Three Dollar Gold 3 Graded Select Unc By USCG (fc)
***Auction Highlight*** 1862 Three Dollar Gold 3 Graded Select Unc By USCG. Up for auction is one of the Finest known surviving examples of this rare civil war issue. Low mintages were the norm for gold pieces in general (and for three dollar gold in particular) during the Civil War years, when silver and gold coinage did not circulate and was widely hoarded. Three dollar gold pieces were out of favor in any case, and mintages were on a steady decline that would continue until the series end, with only a few exceptions -- mainly 1874 and 1878. Today, the 1862 issue is highly elusive in Mint State grades. This is a wheat-gold example with nice peripheral luster and minimally abraded surfaces. Vertical die striations are visible throughout both sides, a characteristic of the 1862 issue that increases in prominence at finer grades. No evidence of die clashing exists, and the strike shows some weakness on the high points. The 2005 Bowers reference suggests only 30 to 40 unduplicated Mint State examples exist. A Corey's Pick, Bid to Win, Don't let it get Away, you might not find its equal Coin. I give this coin my highest recommendation