Olevian Numismatic Rarities
1859 Indian Princess $3 Gold Piece NGC Certified AU58
In 1845, the United States introduced the first postage stamps at rate of five cents each. In 1851, the postage rate was decreased to three cents, and Congress authorized the coinage of the tiny silver three-cent piece as a convenient option for purchasing stamps. This logic was expanded in 1853 with the introduction of the $3 gold piece. It was hoped that the new large coin would facilitate the purchase of 3-cent stamps by the sheet and of 3-cent coins by the roll. Chief Engraver James B. Longacre chose an Indian Princess motif for the obverse of the new coin– a profile modeled after the Greco-Roman Venus Accroupie statue on display in the Philadelphia museum.On this coin, Miss Liberty wears a feathered headdress of equal-sized plumes with a band inscribed with LIBERTY. This headdress dates to the earliest known drawings of American Indians. The reverse depicts a wreath of tobacco, wheat, corn, and cotton with a plant at top bearing two conical seed masses. Encircled by the wreath is the denomination 3 DOLLARS and the date. Despite a lifespan of 35 years, the three-dollar gold piece never lived up to initial expectations and was generally met with a lukewarm reception by the public. Mintage figures were generally low, and by all accounts most dates of 3-dollar gold pieces can be considered scarce or rare today. Very few mint-state specimens survive, and decent examples of any grade are sought after by collectors. Offered here is a very lightly circulated 1859 Indian Princess $3 Gold Piece with abundant mint luster and minimal wear across the highest points. You will receive the unique coin shown in the photos housed in a plush-lined box with a certificate of authenticity. The condition of a coin is officially graded on a 70-point scale according to standards set forth by the American Numismatic Association. Grades under 60 represent circulated grades, while grades from 60 through 70 represent uncirculated, or “mint-state” grades. Very few, if any, older coins are known to exist in perfect MS70 grade. The coin offered for sale in this listing has been certified by one or more leading certification services so you can be confident in its authenticity and stated condition.
Product number: 202661
Price: $2700.00 USD