Lot 1421
1878 $3 Gold. PCGS graded MS-62. Nice and frosty with rich undistrubed mint bloom colors. A total of 82,304 coins were minted.
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 (PCGS # 8000) .
Estimated Value $3,300 - 3,500.
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| Realized $3,565 |
