The S-3 variety makes up about one fifth of the surviving 1856 Flying Eagle cent population, according to Rick Snow (2014), and likely comprised a significant quantity of the pieces distributed to Congress to "help promote passage of the pending coinage bill."
PCGS has graded examples as both proof and regular-issue strikings, although very few show truly prooflike qualities.
Most examples were likely only struck once, as minor weakness on portions of the devices is often seen.
Proof S-3 coins are typically encountered with satiny surfaces rather than deeply mirrored, similar to the Snow-9 proofs of 1857 to 1860.
Listed at $25,000 in the PCGS price guide.
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