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Description

Magnificent MS66 1878 Three Dollar
Popular Type Coin in High Grade

1878 $3 MS66 PCGS. CAC. Q. David Bowers ascribes the high mintage of the 1878 three dollar gold coin to the impending return of gold-for-paper (or specie) payments, then scheduled for January 1, 1879. The high mintage proved a failure; in Bowers' words, "Apparently, no thought at all was given as to whether they were popular, and no record exists of anyone checking to see how such coins fared when they were in circulation in the 1850s." Today, of course, the pieces are popular--as type coins for this oddest of odd denominations.
This gorgeous Premium Gem displays frosty, swirling luster that is mainly wheat-gold with scattered orange overtones and additional strong elements of lavender-blue in the obverse fields. Population: 65 in 66, 4 finer (11/10).(Registry values: N4719) (NGC ID# 25MZ, PCGS# 8000)


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Auction Info

Auction Dates
January, 2011
5th-9th Wednesday-Sunday
Bids + Registered Phone Bidders: 6
Lot Tracking Activity: N/A
Page Views: 678

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