1862/1 3CS MS66

PCGS#: 3681

Owner's Comments

1862/1 3CS MS66. The left half of the 2 in the date has a faint but nearly complete 1. The underdigit is faint but clearly discernible with a magnifier. Bold die clash marks are evident on this scarce overdate variety, especially on most of the obverse shield within the III. Very sharply struck for a Type Three, this piece shows exceptionally pronounced evidence of die clashing, and that is saying a lot for a three cent silver as they are usually die clashed.

Expert Comments

Ron Guth: The 1862/1 Three-Cent Silver is a popular variety that collectors have known about since 1963, when it was discovered by John Cobb (according to Walter Breen).  The overdate itself is weak and appears mainly as a burr extending downward from the bottom of the 2 on the left side.  A more noticeable diagnostic is a die break that runs through the 1 of the date, connecting the left side of the star point with the rim.

In terms of rarity, the 1862/1 Three-Cent Silver is roughly three times as scarce as the "normal" 1862, but the overdate commands only a small premium except in the highest grades.  Because collectors have known about the variety for such a long time, numerous Mint State examples have been discovered.  The most frequently seen Mint State grade is, surprisingly, MS-65.  The finest 1862/1 Three-Cent Silvers are a dozen MS-67's certified by PCGS as of December 2011.  No Proof Overdates have been seen.

Most 1862/1 Three-Cent Silvers exhibit a strong strike, and some examples show evidence of die clashing (mostly on the reverse, where lines of the shield can be seen around the bottoms of the Roman numeral III).

Diameter: 14.30 millimeters Designer: James Barton Longacre Edge: Plain
Mintage: 343,000 Weight: .75 grams Metal Content: 90% Silver, 10% Copper

Rarity and Survival Estimates

Grades Survival Estimate Numismatic Rarity Relative Rarity by Type Relative Rarity by Series
All Grades 3,000 R-4.4 13 / 16 TIE 16 / 25 TIE
60 or Better 1,000 R-5.0 14 / 16 TIE 20 / 25 TIE
65 or Better 300 R-6.4 14 / 16 20 / 25 TIE

Condition Census

Pos Grade Thumbnail Pedigree and History
1 MS67 PCGS grade
1 MS67 PCGS grade   Heritage 10/2009:198
1 MS67 PCGS grade  
1 MS67 PCGS grade  
1 MS67 PCGS grade