Three Dollars.  *Obv. of 1865 originals; dentils in lower left quadrant a little farther apart than usual (lapped die); without or with minute rust pit left of the curl protruding below ear; striae point northeast in field. Rev. Normal date slants up, top of 1 below serif of L, upright of 4 below center of r. base of A. (1) SI. (2) ANS. (3) Eliasberg. (4) Garrett: 413. (5) Newcomer, Boyd, WGC :279, "Memorable" :250. (6) "Memorable": 876. (7) NN 48:911, cleaned, small granularity at ER; to Kagin. (8) Wolfson: 289. (9) Grant Pierce:1251. (10) Landau:716, R. P., small red tone spot at rev. rim. (11) Geiss: 1609, tone spot lower r. obv. rim. Few others survive.
Half Eagle. *B-1. High date, left, left base of lover space, r. base of 4 nearly over r. edge; horizontal line below ear. Slightly rarer than the $3. (1) S1. (2) ANS. (3) Eliasberg. (4) Garrett:412, $7,000. (5) Newcomer, Boyd, WGC :418, "Memorable" :365, possibly ex Parmelee: 1334. (6) "Memorable": 884. (7) Amon Carter Sr. & Jr. (8) Dr. Clifford Smith:1730, G. D. B. (9) Melish:2121, Garland Stephens. (10) Brand-Lichtenfels I: 1202. (11) Gaylord: 345. (12) Morgenthau 418:67 (10/9/40). A few of the above are possibly duplications.
Eagle. *B-1. Date well to left, 1 about midway between bust and border or slightly higher, logotype slants down; left base of 1 minutely r. of left edge, r. base of 4 almost over center of dentil. Rev. Top of second and base of third red stripes thin. About as rare as the half eagle but brings more. (1) SI. (2) ANS. (3) Garrett: 411, $16,000. (4) Newcomer, Boyd, WGC:669, "Memorable" :563. (5) Dr. Green: 538, same coin? (6) NN 48:910, cleaned, to Kagin. (7) "Memorable": 918. (8) Davis-Graves: 944. (9) Eliasberg. (10) Walton:3132, Jay:319, Dines:827, Delp:811. The following are believed reappearances: (a) Amon Carter Sr. & Jr.; (b) Dr. Clifford Smith:1853 to Garland Stephens; (c) 1956 NY Metropolitan:1828; (d) Ullmer: 490 at $37,500, Mocatta Metals; (e) Kern: 509.
Double Eagle.  Date slants down, 4 close to border, left base of 1 a little r. of center, r. base of 4 almost over r. edge; rev. of 1863. Rarest gold denomination. (1) SI. (2) ANS. (3) Garrett: 410, $18,000. (4) Eliasberg. (5) NN 48:909, slight obv. field rub, to Kagin. (6) Boyd, WGC:687, possibly "Memorable":689 and/or Menjou 1:1802. (7) Amon Carter Sr. & Jr. (8) Melish:917. (9) DiBello:1226, copper stains at border. (10) Mocatta Metals, probably same as one of foregoing. (11) KS 3/65:184, 5/66:1797. Same comment. One of these is ex Morgenthau 418: 366 (10/9/40), another ex "H.R. Lee": 1708.
Gold Proof Sets.  Reported as of Feb. 11. Parmelee's was broken up, probably the individual coins going to Woodin, Newcomer, Boyd successively. Oneset was in the J. B. Wilson coll., another (?) in Wetmore: 149. Garrett's was broken up, totalling $61,800. The source of that in NN 48 is not certainly known, but was possibly ultimately from Wayte Raymond.
Complete proof sets. That in SI ex Mint was obtained from the Coiner, Feb. 26, for $43.52 = face + 8Â¢ proofing charge; it contained the copper-nickel cent but no bronze coins. That in ANS, ex Brock, Morgan, must have been bought from the mint prior to April 1864 as it also contains the copper-nickel cent; the bronze coins were added later. Why the gold is rarer than that of 1862 despite its larger mintage is unknown. A most frustrating year for collectors, between the gold and the bronze.
Cent. [500+] Plain 5 (simple slight curvature -nearly straight, bent up at tip). The other and scarcer style of 5 (different logotype), "Fancy 5," found on a minority of business strikes including the 1865/4 but no proofs, has a wavy top to 5.
- Plain spine from ribbon onto neck, pointing up to left.
- Plain extra outlines on letters. Date begins low, slants up, left base of lover center of dentil.
- Thin letters, almost free of extra outlines; heavy ONE CENT.
Most 1865 proof cents have toned down and are now dull brown rather than the fiery golden red more often seen in later years. Undervalued. Beware deceptive early business strikes. Other varieties of proofs are possible. The above date positions may not be diagnostic.
Two Cents. [500+] Plain 5 only; same logotype as the cent. Same comments as to the cents, including the undervaluing, the toning, and the deceptive strikes. - Ball above left center of 6, left base of 1 left of center.
- Ball similarly placed, left base of 1 almost over r. edge, date slants up. Rev. Leaf right of 2 broken, where it bends.
Other varieties of proofs are possible. The above date positions may not be diagnostic.
Three Cents Nickel. [400+] Authorized by Act of Congress, March 3, 1865, therefore not included in the 100 proof sets of February 25 and possibly not in some others. Extras presumably might have been struck to memorialize the new denomination, actually a new circulating medium as this was a true fiduciary minor coin designed almost solely to ease redemption of 3Â¢ paper fractional currency. Three die varieties.
- *Breen I-A. Without recutting on date, which is logotyped high and very close to device. Rev.: Very heavy ribbon ends, larger than on succeeding coins of this denomination, overlapping border. Generally considered a pattern, Judd 410; Adams-Woodin 511 and 517, but specimens have been seen in regular proof sets. There are supposed to be two minor varieties (of obverse?) .. Extremely rare, less than a dozen seen in all. Dr. Judd, "Illustrated History" :283, LM 10/72: 736.
- *B. I-B. Obverse identical to preceding. Rev.: Ribbon ends thin and free of border. Very rare, much more so than that to follow. One from the Philip G. Straus estate went at auction to J. F. Lindsay. I have seen possibly six or seven others, but there are probably more around. Beware of deceptive first strikes. Proofs have broad rims, sharp edges, excellent relief, mirror fields. Also in copper, J-413.
- *B. 2-B. Obv. Double date, first punched too far left, then effaced except for upper left parts of 65 and corrected; small spine to left from lowest curl into field, which fades. This is the variety most often seen, and well over 4/5 of the proof 1865's offered are from these dies. Compare Gardner: 1405 at $530, "Century": 340 at $410. Popular because first year of issue and because actually rare. Many of the survivors have been cleaned, some drastically enough to show light roughness or pitting where the chemical agent used has attacked the copper alloy leaving the more or less spongy nickel. The rarity of this piece has been exaggerated from time to time, but it is legitimately hard to find choice, more so than the silver coins of this year despite a probably considerably larger coinage.