1863/2 3-cent silver coin among 636 lots from Gardner Collection sale June 23 in New York City

Sale first of four being planned
By , Coin World
Published : 05/30/14
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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.

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