USA 3 dollars Indian Princess Large Head 1868

USA, Philadelphia
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Rarity

Extremely Rare

Attributes of Coins

RegionUSA
Denomination3 dollars
Krause numberKM# 84
Mintage4,850
MetalGold 0.900
diameter20.5 mm
weight5.015 g
Obverse:
coin obverse image
Liberty
Creators:
James Barton Longacre
LIBERTY
UNITED STATES OF AMERICA
Reverse:
coin reverse image
Wreath
Creators:
James Barton Longacre
3 DOLLARS

Introduction of Coins

After the Civil War, gold and silver coins remained a precious commodity that was hoarded and remained totally absent from circulation, except on the West coast. Similarly, mintages remained extremely small, especially at the Philadelphia Mint. At the time, the only operating branch Mint was in San Francisco. The New Orleans, Dahlonega, and Charlotte Mints had all ceased operations at the start of the Civil War, and only New Orleans would eventually reopen. The Carson City Mint was in planning stages, but had not yet opened its doors.      

Total production of three-dollar gold pieces during the year was 4,875 coins, including 25 proofs. Today, it is estimated that less than 100 Mint States examples of this date survive, along with 300 to 400 circulated pieces, according to Q. David Bowers and Douglas Winter in The United States $3 Gold Pieces.  Nearly all existing Mint State coins are in the lower numerical levels, from MS60 to 63. Gem quality survivors are extremely rare, as evidenced by the population totals.

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