1878 $3
1878 $3 MS66 PCGS. The Philadelphia Mint anticipated increased commercial demand for all gold coins in January 1879, when the government began exchanging gold coins at par for the first time since the Civil War. Accordingly, the Mint produced a business-strike mintage of 82,304 three dollar gold pieces in 1878, to prepare for the increased demand. This was still a small production in absolute terms, but quite generous in the context of the series. Surprisingly, most of the country had gotten used to the more convenient paper money over the years, and the general public showed no interest in changing back to the hard-money pre-war economy. Most of the 1878 three dollar mintage simply sat in bank vaults for years, until they became popular as collectibles, and were scooped up by knowledgeable dealers and collectors. Today, the 1878 three dollar gold piece is the most available issue of the series in high grade, and a favorite choice of type collectors. The 1878 is still a scarce issue at the MS66 grade level, however, and finer coins are condition rarities. This spectacular Premium Gem exhibits well-detailed design elements and virtually flawless orange-gold surfaces that radiate vibrant mint luster throughout. Overall eye appeal is terrific. Population: 86 in 66 (9 in 66+), 11 finer (3/24). HID10510052018 © 2024 Heritage Auctions | All Rights Reserved
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1878 $3 MS66 PCGS. The Philadelphia Mint anticipated increased commercial demand for all gold coins in January 1879, when the government began exchanging gold coins at par for the first time since the Civil War. Accordingly, the Mint produced a business-strike mintage of 82,304 three dollar gold pieces in 1878, to prepare for the increased demand. This was still a small production in absolute terms, but quite generous in the context of the series. Surprisingly, most of the country had gotten used to the more convenient paper money over the years, and the general public showed no interest in changing back to the hard-money pre-war economy. Most of the 1878 three dollar mintage simply sat in bank vaults for years, until they became popular as collectibles, and were scooped up by knowledgeable dealers and collectors. Today, the 1878 three dollar gold piece is the most available issue of the series in high grade, and a favorite choice of type collectors. The 1878 is still a scarce issue at the MS66 grade level, however, and finer coins are condition rarities. This spectacular Premium Gem exhibits well-detailed design elements and virtually flawless orange-gold surfaces that radiate vibrant mint luster throughout. Overall eye appeal is terrific. Population: 86 in 66 (9 in 66+), 11 finer (3/24). HID10510052018 © 2024 Heritage Auctions | All Rights Reserved
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