1857-S $3 Gold Princess AU-53 NGC Best

Description

1857-S $3 Gold Princess AU-53 NGC Best

The 1857-S $3 Gold Princess coin, graded AU-53 by NGC, is a remarkable piece of American numismatic history. Minted during the California Gold Rush era, this coin offers collectors a tangible connection to a pivotal period in the United States.

Historical Context

The $3 Gold Princess coin was first introduced in 1854, designed by James Barton Longacre, the Chief Engraver of the United States Mint. The coin’s creation was authorized by the Act of February 21, 1853, and it was intended to facilitate the purchase of sheets of 100 three-cent postage stamps, which were priced at $3 at the time. However, the coin did not gain widespread circulation and remained a relatively obscure denomination throughout its production run, which lasted until 1889.

The 1857-S $3 Gold Princess holds particular significance as it was minted at the San Francisco Mint, established in 1854 to capitalize on the influx of gold from the California Gold Rush. The “S” mintmark denotes its origin from this facility. In 1857, the San Francisco Mint produced 14,250 pieces of the $3 gold coin, a modest mintage that contributes to its rarity today. Notably, the entire mintage was released into circulation, with no examples saved by contemporary numismatists, making high-grade specimens especially scarce.

Design Details

The obverse of the 1857-S $3 Gold Princess features a left-facing portrait of Lady Liberty adorned with a headdress of feathers, inscribed with the word “LIBERTY.” This depiction is often referred to as the “Indian Princess” motif, though it represents an allegorical figure rather than a Native American individual. The inscription “UNITED STATES OF AMERICA” encircles the portrait.

The reverse showcases an agricultural wreath composed of tobacco, cotton, corn, and wheat, symbolizing the nation’s prosperity. Within the wreath, the denomination “3 DOLLARS” and the date “1857” are prominently displayed. The “S” mintmark is located below the wreath, indicating its mint of origin.

Specifications

• Composition: 90% gold, 10% copper
• Fineness: 0.900
• Weight: 5.02 grams
• Diameter: 20.5 millimeters
• Edge: Reeded
• Metal Content: 0.1451 troy ounces of gold

Grading and Condition

The AU-53 (About Uncirculated) grade assigned by NGC (Numismatic Guaranty Company) indicates that the coin exhibits minimal wear on its highest points, retaining much of its original luster. In this grade, slight friction may be visible on the coin’s surfaces, but significant details remain sharp and well-defined. The AU-53 grade reflects a coin that saw limited circulation, preserving its historical and aesthetic appeal.

Rarity and Collectibility

The 1857-S $3 Gold Princess is considered a scarce issue, particularly in higher grades. The limited mintage of 14,250 coins, combined with the fact that all were released into circulation, has resulted in a low survival rate for uncirculated specimens. According to PCGS CoinFacts, it is estimated that approximately 550 examples of the 1857-S $3 gold coin exist in all grades today, with only about four coins graded in mint state (MS-60 or better).

The coin’s rarity is further underscored by its auction history. High-grade examples have achieved significant prices at auction, reflecting strong demand among collectors. For instance, an MS-64 graded 1857-S $3 gold coin realized $96,000 at a Heritage Auctions event in September 2025

Market Value

As of February 2025, the market value for an 1857-S $3 Gold Princess graded AU-53 by NGC varies based on factors such as eye appeal, luster, and overall preservation. A specific example is listed for sale at $6,109.

Investment Potential

The 1857-S $3 Gold Princess in AU-53 condition represents a compelling investment for numismatists and collectors. Its historical significance, coupled with its scarcity and desirability, positions it as a valuable addition to a diversified coin portfolio. The coin’s connection to the California Gold Rush and the early operations of the San Francisco Mint enhances its narrative appeal, making it not only a tangible asset but also a piece of American heritage.

Conclusion

The 1857-S $3 Gold Princess AU-53 NGC coin embodies a unique blend of historical context, artistic design, and numismatic rarity. Its limited mintage, coupled with the challenges of survival in higher grades, renders it a prized specimen among collectors. Acquiring this coin offers an opportunity to own a piece of 19th-century American history, reflecting the nation’s expansion and the pivotal role of gold in its economic development.