Goldberg Coins and Collectibles

Sale 70

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Lot 2057

1879. NGC graded MS-63 Prooflike. CAC Approved PQ. Sometimes the mysteries of the $3 series are beyond solution, and this is the case with the 1879. The mintage is officially posted at 3,000 coins, from which might be subtracted some pieces held back at the Mint and melted. Who knows? In any event the survival rate is much less than one would suppose for that figure, assuming that the true distribution of the 1879 is in the range of 800 to 1,000 pieces. Today we estimate that just a couple of hundred exist in all grades. Beyond that, among known Mint State pieces more than just a few have problems.

The present piece is exempt from such comments. There are some evidences of contact here and there and a bit of weakness, as struck, at the lower areas of the wreath involving the ribbon bow (as is often the case since this is a high point on the design). Overall, the appearance is quite beautiful. The strike is significantly above average on the obverse and the remainder of the reverse is also above average. Only the most attentive observer would even know that the tiny vertical lines separating the ribbon knot are lightly struck, as on the vast majority of other $3 gold coins. Eye appeal, rarity, and desirability meet in this one 1879 $3 gold piece. Certainly it will attract a great deal of attention when it crosses the block. Pop 4; 14 finer, 1 in 63 Star, 12 in 64, 1 in 65 Star (PCGS # 8001) .
Estimated Value $6,000 - 6,500.
The Dandelion Collection.

Realized $7,705

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