The 1863/2 overdate 3-cent silver coin is known to have been struck
in Proof only.
Included in the Eugene H. Gardner Collection of U.S. Coins to be
offered June 23 in New York City by Heritage Auctions is an example graded Proof 66
Cameo by Professional
Coin Grading Service, and stickered by Certified Acceptance Corp.
The 14-millimeter silver 3-cent pieces, also referred to as
“trimes,” were designed by Chief U.S. Mint Engraver James B. Longacre.
They were struck between 1851 and 1873 at the Philadelphia Mint with
three different design subtypes.
Subtype I, struck in .750 fine silver, and weighing 0.80 gram, was
struck between 1851 and 1853. The obverse bears no outline or frame
around the central six-pointed star device.
Subtype II, struck in .900 fine silver from 1854 to 1858, maintains
the same diameter as Subtype I, but the weight has been reduced to
0.75 gram. A raised border was added to the obverse star, with two
line frames around it, bringing the line total to three.
An olive branch was placed above the denomination numerals III on
the reverse, with a bundle of arrows below.
Variety III, of which the 1863/2 Gardner coin is an example,
maintained the diameter, weight and silver fineness specifications of
Variety II, as well as retaining the reverse motifs. The obverse of
Variety III exhibits just two lines around the star. The date is
smaller than on Variety II.
It was struck from 1859 through 1873, the year the denomination was
discontinued in silver.
The June 23 sale is scheduled to be held at the Ukranian
Institute of America at the Fletcher-Sinclair Mansion, 2 E. 79th
St., in New York City.
The second auction in 2014 is expected to be held sometime in October.
For more information, visit the Heritage Auctions website.