1862 $3 Gold MS-61 Grade by PCGS
- Scarce Civil War Date
- Only 5,750 Minted!
A phenomenal Mint State grade, saved from the destruction of the Civil War, many mass meltings of the late 19th century, World War I, the Great Depression and World War II!
The 1862 three dollar had a mintage of 5,750 pieces. That number is not unusually low for the series, but when one considers the hoarding and exportation of gold and silver coins during the Civil War it is not surprising that so few pieces exist today. Only 30 to 40 Uncirculated coins are believed to exist.
Why own rare coins?
The rare coins above are not just important pieces of history; they're also incredible works of art. In addition, they've been proven to yield the highest long-term returns. Truly elite and rare modern and historic U.S. coins derive the greatest part of their value from their rarity. When U.S. coins were first minted, they were circulated as the currency of the day. Most of these coins degraded or were melted down just a few years after their mintage. In 1933, the U.S. government, in response to the Great Depression, confiscated the majority of remaining U.S. coins from its citizens. They were then melted down. Coins numbering in the millions were again melted down in the 1980s, when gold soared to $850 an ounce.
These coins, the most speculative of precious metal holdings, offer the greatest return potential. In recent years they have proven to be active, high-performance investment vehicles. Because they generally move in the opposite direction of stocks and bonds, they can act as a counterweight against volatility. They can also increase in value whether or not gold bullion prices go up. Historically, the collection of these rare gold and silver coins was relegated to those wealthy enough to afford an inspection by a professional numismatist. But the advent of standardized grading has opened this coin class to all investors, who are now free to trade, sight-unseen, based on the certified grade assigned by grading services such as PCGS, the Professional Coin Grading Service, or NGC, the Numismatic Guaranty Corporation. Access to these services has made rare coins the most liquid of all collectibles. All of this has drawn many new investors who were previously unfamiliar with these collectibles, thereby creating a higher demand for these coins.
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