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Lot 0428 1864 $3 Gold PCGS AU55

Currency:USD Category:Coins & Paper Money / US Coins Start Price:250.00 USD Estimated At:1,000.00 - 1,500.00 USD
Lot 0428 1864 $3 Gold PCGS AU55
Lustrous and clean-surfaced, with nice appealing preservation to entice the buyer. This is among the low mintage rarities in the 1860s, a coin with 2,680 made but only a handful left in collector's sets.

According to one researcher, during the mintage of $3 pieces and other coins it was a practice to separate the dies ever so slightly farther apart than need be, so that if a planchet was slightly overweight it would not cause die damage when the excess metal had little place to go (except in some instances to create a wire rim). The result is that the vast majority of $3 pieces show some trivial lightness in certain spots like the tops of the feathers in the headdress and on the ribbon bow at the base of the wreath on the reverse.