Coin Specifications

Category: Three Dollar Gold (1854-1889)
Mint: Philadelphia
Mintage: 119
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Gold
Fineness: 0.9000
Weight: 5.0150g
AGW: 0.1451oz
Melt Value: $266.66 (5/10/2021)
Diameter: 20.5mm
Edge: Reeded
Link to this coin

1860 $3 PF obverse 1860 $3 PF reverse
Images courtesy of Heritage Auctions (HA.com)
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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: 5/2/2019

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

1860 $3 PF
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - - 14500 21000 37500 62500 - - - - -
1860 $3 PF CA
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - - - - 40000 70000 95000 117500 - - -

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

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

The chart showing 62 series, 63 series, 64 series, 65 series, 66 series, 67 series.
NGC CENSUS DETAIL Last Updated: 5/4/2021 1860 $3 PF
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-------------1112-----5
-----------------------
-----------------------
-----------------------
Total-------------1112-----5
 -------------20%20%20%40%----- 
1860 $3 PF CA
 PrAgGVGFVF4045505355586061626364656667686970Total
Base---------------5-31---9
-----------------------
-----------------------
-----------------------
Total---------------5-31---9
 ---------------56%-33%11%--- 

NGC Registry

NGC Registry Score 1860 $3 PF CA
 PrAgGVGFVF4045505355586061626364656667686970
Base1111112525352535803616367037044067464353266588871996161159315117194721
1111184228583543359236343681382542594870574672989018102751276716568194721
0000002858354335923634368138254259487057467298901810275127671656800
0000003191356136043652369239464451509861678008931710934139421802000
1860 $3 PF
 PrAgGVGFVF4045505355586061626364656667686970
Base11111123023238329033243374340637474290493561298153900710894142641844224296
1111176826143255330133403384351939284505533368038437963612017156562039325511
000000261432553301334033843519392845055333680384379636120171565600
0000002926327233123357339536334109472057317478872210265131401704900
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NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.