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    Description

    1878 Three Dollar Gold, MS65+
    Frosty and Lustrous

    1878 $3 MS65+ PCGS. In 1875, the government mandated that beginning in 1879, the public would be able to exchange paper currency for gold coins. In preparation, 82,304 three dollar pieces were struck in 1878, the second-highest mintage in the entire series. When the market reach parity on its own late in the year, the public failed to respond as anticipated. People had grown accustomed to paper money and did not feel the need to exchange it for gold. As a result, this issue sat in bank vaults and remains available in Uncirculated condition, though finer coins are scarce.
    Gorgeous mint frost and yellow-gold coloration combine over smooth surfaces. The strike is sharp throughout, with a touch of incompleteness on Liberty's hair and the reverse bow. Only a shallow graze that extends from Liberty's nose to the N in UNITED merits mention.(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
    August, 2014
    5th-9th Tuesday-Saturday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
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