165 3Obv$3 Princess (1854-1889)

INDIAN PRINCESS

Designer: James B. Longacre
Diameter: 20.5 mm
Edge: Reeded
Weight: 5.015 grams
Fineness: .900
Net gold weight: .1452
165 3RevMints: Dahlonega, New Orleans, Philadelphia, San Francisco

 

Numismatists have long debated the reasons for issuing $3 gold, with some speculating that it could have been useful in purchasing 3 cent stamps or the 3 cent silver pieces then in use. The denomination was never really popular or widely used, and for many years the mintage was quite low.  A total of about 540,000 pieces were issued resulting in several scarce and rare dates in this now very collectible series. 

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