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    Description

    Stunning Lemon-Yellow 1878 Three Dollar Gold
    PR65 Deep Cameo

    1878 $3 PR65 Deep Cameo PCGS. Ex: Simpson. The 1878 business strike three dollar gold is a well-known type coin in the series, one of the Big Three along with the 1854 and 1874 issues. Produced to the extent of 82,304 pieces, the 1878 would prove to be the high-water mark for the series, which would dwindle to extinction by 1889, along with its smaller cousin, the one dollar gold.
    The 1878 three dollar proof coins, however, have a narrative that could scarcely be more different. Only 20 proof threes were reportedly made in 1878--a figure that is tied for the lowest original proof production with the 1874, 1875, and 1877 proofs. Q. David Bowers, in his series reference, The United States $3 Gold Coins 1854-1889, estimates that only 10 to 12 of those proofs survive today.
    The same obverse die was used to produce the three dollar gold proofs of 1877 through 1880, showing a "rust spot below Miss Liberty's ear and a 'teardrop' near her eye, according to Bowers. So it is unsurprising that the present amazing coin, a PR65 Deep Cameo PCGS-certified example, nonetheless shows those diagnostics and some trivial raised die rust lumps on Liberty's profile, including on the neck, cheek, and hair. The reverse die shows the date to the left, so that the 1 is mostly under the right side of the O in DOLLARS. The strike is full, including all of the minute detail in the wreath. Stunning lemon-yellow color provides a bold backdrop to the extremely deep mirrored fields and highly lustrous, frosty devices. A few trivial lines appear in the fields, especially the left obverse, but do little to detract from this coin's obvious and amazing eye appeal. Population: 2 in 65 Deep Cameo, 1 finer (6/10).
    From The Bob Simpson Collection.(Registry values: P4) (PCGS# 98042)

    Weight: 5.02 grams

    Metal: 90% Gold, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View all of [Selections from The Bob Simpson Collection ]

    Auction Info

    Auction Dates
    August, 2010
    11th-15th Wednesday-Sunday
    Bids + Registered Phone Bidders: 8
    Lot Tracking Activity: N/A
    Page Views: 1,261

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