Lot 1434
1878. PCGS graded MS-63 CAC Approved. A very choice example for the grade thus our Premium Quality designation. A sparkling untoned example and ideal for a choice quality gold type set.
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 $4,000 - 4,500.
The William H & Beuelaress K. Helem Collection.
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| Realized $4,830 |
