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    Description

    1878 Three Dollar Gold Piece, MS65
    Outstanding Type Coin

    1878 $3 MS65 PCGS. The U.S. government decreed that gold coins could be exchanged at par with paper money for the first time since the start of the Civil War, beginning on January 1, 1879. Anticipating a significant demand for small denomination gold coins when this measure took effect, the Mint produced a large mintage of 82,304 three dollar gold pieces in 1878. Unfortunately, no such demand developed, as people had become accustomed to the convenience of paper bills during the long period from 1861 to 1878. Once they were assured that paper could be exchanged for hard money at an even rate, few people felt inclined to do so. As a result, few coins were released into circulation and the 1878 is easy to locate in high grade today. This issue is a favorite choice of type collectors.

    This delightful Gem displays well-detailed design elements and vibrant satiny mint luster on both sides. The light orange-gold surfaces are free of mentionable defects and traces of prooflike reflectivity are evident in sheltered areas. Eye appeal is terrific.(Registry values: N4719) (NGC ID# 25MZ, PCGS# 8000)

    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 Info

    Auction Dates
    September, 2013
    25th-29th Wednesday-Sunday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
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