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    Description

    1877 Three Dollar Gold, AU58
    Rare Issue in High Grade

    1877 $3 AU58 PCGS. The 1877 three dollar gold is a key issue in the Indian Princess series, even rarer than its meager mintage of 1,468 pieces for circulation would indicate. The financial downturn that began in the United States in 1873 was, by 1877, exacerbated by a great strike nationwide among railroad workers and an ensuing collapse of the lumber market. Unemployment had been widespread for years, and the economic gloom deepened. Many of the people who might otherwise have been able to afford to squirrel away a nice current-year three dollar gold piece appear not to have done so. David Bowers, in his reference to the series, estimates that no more than 60 to 100 circulated coins are known.

    This 1877 three dollar gold is one of nine submissions in this grade at PCGS, which shows 11 finer (8/15). The average certified survivor is AU55. This near-Mint State PCGS-certified representative shows top-notch eye appeal via its generous luster on surfaces ranging from orange-gold to yellow-gold. The minor circulation appears as a thinning of the luster in the fields rather than as notable contact marks. High-point wear is perceptible but slight. A nicer example would be difficult to find. Housed in a green label holder.
    Ex: October Sale (Superior, 10/1990), lot 2047, envelope accompanies the lot.(Registry values: N2998) (NGC ID# 25MY, PCGS# 7999)

    Weight: 5.02 grams

    Metal: 90% Gold, 10% Copper


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

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    Auction Dates
    September, 2015
    17th-20th Thursday-Sunday
    Bids + Registered Phone Bidders: 15
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