Lot 1551
1878 $3 Gold. NGC graded MS-63. Untoned and frosty with only one minor scuff in the luster by the last feather. Among later Philadelphia Mint coins, mintages were very low, save for 41,800 struck in 1874 and 82,304 in 1878. Regarding these two higher-mintage dates, it is likely that thoughts of the resumption of payments of gold coins at par, which had not been possible since December 28, 1861, would create a demand for $3 pieces. However, the experts at the Treasury Department were mistaken, and no widespread interest ever developed (PCGS # 8000) .
Estimated Value $4,000 - 4,200.
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| Realized $4,830 |
