ON HOLD - $3.00 - 1858 PCGS MS62

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sold out

ON HOLD - $3.00 - 1858 PCGS MS62

15,500.00

Date…….1858
Grade…….PCGS MS62
PCGS Price Guide……...16000
Population (PCGS)…….5/7
Population (NGC)……...3/1
Serial Number…….7978.62/36849312
PCGS Lookup Number…….7978

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RARE PCGS MS62 1858 THREE DOLLAR GOLD

The 1858 is one of the five scarcest business strike Threes from the Philadelphia mint. It is a legitimately rare issue in Uncirculated with around a dozen known, mostly in the MS60 to MS61 range. Properly graded MS62s are rare, and in MS63, this date is very rare. The best 1858 Three I know of is the Pogue/Great Lakes coin which sold for $49,350 as Stacks Bowers 2/16: 3098.

This fresh-to-the-market example is uncommonly vibrant for the issue with excellent frosty luster and light yellow-gold color. There are a few ticks and lines on the obverse which limit the grade while the reverse is exceptional and it grades at least MS64 on its own.

Since early 2000, just two MS62 1858 Threes have sold at auction. In January 2013, Heritage sold an NGC MS62 with funky color for $15,275 while two years later, a PCGS MS62 brought $12,925.

This piece narrowly misses the tail end of the Condition Census for the issue and, in my opinion, this date is highly undervalued in MS62 and higher grades.