Lot 3219
1878. NGC graded MS-66 star. A very impressive example of one of the most unusual denominations ever issued by the United States. This example features deep, shimmering mint frost and heavy, coruscating luster (justifying NGC's Premium Quality Star designation). The color is a beautiful blend of light gold with scattered hints of bright orange. The strike is excellent and the overall surface quality fully supports the assigned grade. NGC reports only two examples at this grade level, with none finer.
The Three Dollar Gold piece was authorized by the Mint Act of February 21, 1853. Its main purpose was two-fold: one, to make a convenient way to convert 100 Three Cent Silver pieces and two, to make a convenient way to purchase sheets of 100 3 Cent Postage Stamps. For the most part, mintages were low and, in some years, only Proofs were struck. Today, they are among the most popular of all gold coins, mostly because of their inclusion in type sets of U.S. gold coins. Estimated Value $12,000 - 15,000
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| Realized $17,825 |
