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    Description

    Sparkling MS66 1878 Three Dollar

    1878 $3 MS66 PCGS. The coinage focus in 1878 was on silver coins, not gold: The Morgan dollar was introduced, a major victory for the nation's increasingly powerful silver-mining interests. The mintage of 82,304 three dollar gold coins--while minuscule against the silver dollar production--was large within the series context. The nation's mints were gearing up for the expected parity between gold, silver, and paper currency that was forecast for 1879 and actually achieved in mid-December 1878.
    This bright, sparkling Premium Gem offers superlative mint luster. The coloration fluctuates between lighter reddish-gold and a deeper hue at the obverse periphery and in the central reverse. The piece is well but not fully struck. The only mentionable marks are a diagonal abrasion along the jawline and above and below DOLLARS on the reverse. PCGS has certified 65 pieces in MS66, but only six examples at the MS67 level (3/10).(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
    Apr-May, 2010
    28th-2nd Wednesday-Sunday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
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