Lot 1764
1860-S. PCGS graded AU-55. A nice untoned coin with mint frost. A few light obverse abrasions. The San Francisco Mint produced $3 pieces of the dates 1855-S, 1856-S, 1857-S, and 1860-S, after which only the 1870-S $3 was made, the latter coin considered to be unique today. The mintage of the 1860-S $3, all with a small S mintmark on the reverse, amounted to 7,000 pieces. Some 2,592 were considered to be light in weight and were stored at the mint until 1869, when they were melted into bullion. Thus, the net circulation mintage is only 4,408.
The 1860-S represents the latest-dated collectible San Francisco Mint $3. The only later issue is the famous 1870-S, showcased in the Eliasberg Collection in 1982, and now retained by the Harry W. Bass, Jr. Research Foundation. Pop 9; 10 finer, 7 in 58, 1 in 61, 2 in 62 (PCGS # 7981) .
Estimated Value $7,500 - 8,000.
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