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    Description

    Flashy Gem 1879 Three Dollar Gold

    1879 $3 MS65 NGC. The healthy mintage of 1878 three dollar coins made the piece a type issue, produced to the extent of more than 82,000 coins. This was related to the reestablishment of parity between silver coins, gold coins, and currency, something that had not occurred for more than two decades previous to that time. But after parity was achieved, there was no need for the three dollar gold coins to serve any particular function. The mintage plummeted in 1879 to a mere 3,000 coins.
    This Gem example offers remarkably flashy, mirrored fields, but a bit of cartwheel blends in. This effect is seen on most business strikes in the series, while proofs lack the cartwheel appearance. The devices are nevertheless frosted and contrast against the fields with an unacknowledged cameo effect. The sharp strike has produced a full bowknot and complete venation on the wreath, but a hint of softness appears on the hair curls. Although a few light field marks occur, none are singularly mentionable. Census: 18 in 65, 3 finer (4/10).(Registry values: N4719) (NGC ID# 25N2, PCGS# 8001)

    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
    June, 2010
    3rd-6th Thursday-Sunday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
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