Wednesday 22nd May 2013



$3 Gold 1854 - 1889

The prevailing theory on the origin of the Three Dollar coin is that it was intended to make it convenient to purchase three cent stamps (which in 1851 had just dropped from five cents) in bulk by allowed the public to buy sheets of the new stamps without having to carry Large Copper Cents or the tiny silver Three Cent pieces.

Vital Stats.

Designer: James Barton Longacre
Content: 90% gold 10% other
Diameter: 20.5 millimeters
Edge: Reeded
Weight: 5.02 grams
Mint Mark Location: Below the wreath on the reverse.
    None - Philadelphia, PA
    D - Dahlonega, GA
    O - New Orleans, LA
    S - San Francisco, CA

I View Grading

Typical
Three Dollar Gold Coin

1854 Gold Three Dollars coin - Obverse 1854 Gold Three Dollars coin - Reverse

Large DOLLARS vs. Small DOLLARS example

The three dollar coin has two different reverse types. The first was the small "DOLLARS" which appeared only in 1854. The second was the large "DOLLARS" which appeared throughout the life of the issue. Many dates have a bold "outlining" of letters and other devices, which is often mistaken for a double strike. More likely, this is the result of excessive forcing of the design punches, causing a slight appearance of sloping "shoulders". Sometimes, this is thought to be part of the coin's design.

Three dollar gold pieces were struck at four mints: Philadelphia, San Francisco, New Orleans and Dahlonega. This was a very unpopular denomination and mintages were extremely limited. This makes it very difficult to complete a collection of the denomination.


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