Lot 2407
1874 $3 Gold. PCGS graded MS-62. Lightly toned. Pop 180. An affordable date for a collector's 12-piece gold Type set (PCGS # 7998) .
The $3 gold piece was authorized by the Act of February 21, 1853, a very important piece of legislation from a numismatic viewpoint, an act which also affected the silver coinage, namely the reduction in weight of the half dime, dime, quarter, and half dollar, and the addition of arrows alongside the date to indicate the new standard. Whether or not the $3 denomination was actually necessary or worthwhile has been a matter of debate among numismatists for well over a century. At the time of its introduction, 1854, the $3 had as a close companion -- the long established $2.50 quarter eagle.
Estimated Value $3,300 - 3,600.
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| Realized $5,175 |
