$3.00 Liberty Head Coin AU (Random Dates)

Description

The origin of this issue is shrouded in controversy. It is generally believed that the Three Dollar gold piece was adopted as a direct result of the postal rate dropping from five cents to three cents in 1851. A three dollar gold issue allowed purchasers to buy large quantities of...

The origin of this issue is shrouded in controversy. It is generally believed that the Three Dollar gold piece was adopted as a direct result of the postal rate dropping from five cents to three cents in 1851. A three dollar gold issue allowed purchasers to buy large quantities of the new stamps without having to use the then-unpopular copper Large Cents or the new, tiny silver Three Cent pieces. The Mint Act of February 21, 1853 authorized production of the three-dollar gold coin. Specifications: Designer: by James Barton Longacre Mintage: All Years 535,000 – Proofs 2058 Denomintion: $3.00 Diameter: ±20.5 millimeters Metal content: Gold- 90% Copper – 10% Varieties: Reeded