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    Description

    Condition Rarity 1879 Three Dollar, MS66

    1879 $3 MS66 NGC. Three dollar gold mintage plummeted from 82,304 circulation strikes in 1878 to 3,000 pieces in 1879. David Bowers (2005) attributes this to the realization by the Treasury Department that the public was not going to exchange significant amounts of paper bills for gold coins, as was intended in the Specie Resumption Act of 1875.
    Despite the small mintage, the 1879 is available in Mint State grades through MS64. Gems are more elusive, and anything finer is quite rare. The peach and yellow-gold surfaces of this Premium Gem yield semiprooflike fields that offset the devices. Both sides are sharply struck and minimally abraded. Census: 3 in 66, 0 finer (3/09).
    From The American Princess Collection of $3 Gold.(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.

    View all of [The American Princess Collection of $3 Gold and Other Pieces ]

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    Auction Info

    Auction Dates
    Apr-May, 2009
    29th-3rd Wednesday-Sunday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
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    Due completely to Heritage's thoroughly diligent and professional management and promotion of the collection, the faraday Collection stirred national attention among numismatists and the auction results brought a gross value greater than that last estimated by the experienced collector.
    The Estate of David M. Faraday ,
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