Coin Specifications

Category: Three Dollar Gold (1854-1889)
Mint: Philadelphia
Mintage: 119
Catalog: KM-84
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Gold
Fineness: 0.9000
Weight: 5.0150g
AGW: 0.1451oz
Melt Value: $170.38 (12/24/2014)
Diameter: 20.5mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1860 $3 PF obverse 1860 $3 PF reverse


Images courtesy of Heritage Auctions (HA.com)
  
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VarietyPlus®

There are no varieties for this coin.

Description & Analysis

Like the other denominations struck in proof format in 1859 and 1860, a significant percentage of the original production run appears to have been melted. In the case of the three dollar gold piece, the mintage was paltry at the outset with only 119 proofs struck. How many pieces were melted at year's end is a matter of conjecture, but we would estimate at least half the mintage. Today it is believed that only 10 to 12 proofs are known in all grades. The rule-of-thumb for most 19th century proof gold is approximately half the number produced (or in this case not melted) are still extant today. Using that reasoning, as many as 90-100 coins may have been melted.

One curious feature noted by Harry Bass about the 1860 proof three dollar is that they were struck from the same die pair as the circulation strikes. The dies were resurfaced and given a mirror finish after striking 7,036 business strikes. Evidence of this resurfacing can be seen by the reduction in the bottom of the designer's initials J.B.L. at the bottom of the truncation of Liberty's neck.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

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Price Guide

Last Updated: 7/5/2013

Click on a price to see historical prices, comparison charts and trends.

1860 $3 PF
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - 8690 10630 14380 18750 29060 47450 66880 - - - -
$ - - - - - 9400 11500 15500 20300 31400 51000 72000 - -
1860 $3 PF Cameo
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - 12310 - - 23440 31880 - 107250 - - - -
$ - - - - - 13300 - - 25300 34400 - 116000 - -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 14
Low Grade: 62
Average Grade: 64
High Grade: 67


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
9/14/2008 NGC PF 66   Cameo Goldberg September 14-16, 2008 Pre-Long Beach Coin Auction, 48/Lot# 1235 $69,000.00
2/3/2011 NGC PF 66   Cameo Heritage Auctions 2011 February Long Beach Signature US Coin Auction Session(3), 1152/Lot# 4431 $66,125.00
4/27/2011 NGC PF 66   Cameo Heritage Auctions 2011 April Rosemont CSNS Signature & Platinum Night US Coin Auction Session(3), 1154/Lot# 5364 $83,375.00
8/8/2013 NGC PF 66   Cameo Heritage Auctions 2013 August 8 - 10 US Coins Signature Auction - Rosemont Session(5), 1188/Lot# 5832 $67,562.50
9/4/2014 NGC PF 67   Cameo Heritage Auctions 2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach Session(1), 1209/Lot# 3392 $88,125.00


NGC Registry

NGC Registry Score 1860 $3 PF
 PrAgGVGFVF4045505355586061626364656667686970
Base11111123023238329033243374340637474290493561298153900710894142641844224296
111117682614325533013340338435193928450553336803843796361201715656203930
000000261432553301334033843519392845055333680384379636120171565600
0000002926327233123357339536334109472057317478872210265131401704900
1860 $3 PF Cameo
 PrAgGVGFVF4045505355586061626364656667686970
Base1111112525352535803616367037044067464353266588871996161159315117194721
1111184228583543359236343681382542594870574672989018102751276716568194720
0000002858354335923634368138254259487057467298901810275127671656800
0000003191356136043652369239464451509861678008931710934139421802000
1860 $3 PF Ultra Cameo
 PrAgGVGFVF4045505355586061626364656667686970
Base33333333186624393074341436834431537959227252775610637120965440497018
333333362420572650318735033932474755606365742087161112326198686080
00000036242057265031873503393247475560636574208716111232619800
000000312452248286233003593418150635741680875889676116094030100
Registry Image Gallery
Grade: PF 66 CA
Points: 7317
Owner: SLUGGO
 
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