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Lot
2641

1878 $3 MS67 PCGS....

Auction: 2009 February Long Beach, CA Signature US Coin Auction #1122

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Ended: Feb 5, 2009
Item Activity: 6 Internet/mail/phone bidders
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Description:

Phenomenally Lustrous 1878 Three Dollar Gold, MS67
Tied for Finest Certified at PCGS

1878 $3 MS67 PCGS. Do not think of this as a type coin. Think of it as the ultimate type coin, one of the most phenomenal we have seen in recent memory. Thick, swirling luster and gorgeous color are the hallmarks of this incredible Superb Gem. For an issue that is normally above average in the luster department, this piece is superlative. The mint frost also shows deep, original reddish patina with occasional dashes of lilac interspersed.
One cannot help but notice that this amazing coin would upgrade even the current finest PCGS Registry Set of circulation strike three dollar gold pieces, which contains an MS66 example of the issue. This is unsurprising, since the present coin is one of only six 1878s certified at that service in MS67, and there are none finer (12/08). In fact, there are none finer graded of any three dollar gold piece at PCGS, save for a single MS68-certified 1854 coin--and many collectors consider the three 1854 issues to be a one-year subtype, due to the smaller font size of DOLLARS.
Series aficionados know that the dates usually selected for type purposes are either the 1854, which has by far the largest mintage, at 138,618 business strikes; the 1874, with a moderate midseries production of 41,800 coins; and the 1878, the last large three dollar gold emission, with a total of 82,304 pieces made.
Of course, beyond its obvious aesthetic appeal and potential for Registry Set collectors, this coin would upgrade any collection in which it resides, whether it be an assemblage of gold type, a complete U.S. type set, a year set, or one of the many other possibilities that spring to mind. Of all the many fabulous and important coins in the present auction, this special piece merits serious consideration and will undoubtedly generate some spirited bidding. Population: 6 in 67, 0 finer (12/08).(Registry values: N7079) (#8000)

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Previous Prices from Heritage Auctions

Lot Date Grade Service Realized
Auction 277, Lot 6614 Friday, December 10, 2004 67 PCGS $42,550.00
Auction 1136, Lot 2139 Sunday, January 10, 2010 67 NGC $32,200.00
Auction 1136, Lot 2138 Sunday, January 10, 2010 67 NGC $32,200.00
Auction 1127, Lot 1400 Sunday, July 12, 2009 67 NGC $34,500.00
Auction 1122, Lot 2642 Sunday, February 8, 2009 67 NGC $37,375.00
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PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.

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Heritage delivers Value - $679,853,159 sold at auction and in private treaty sales over the past 12 months.

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