Lot 1776
1869 PCGS graded Genuine AU Details. Scratch. Only 2,500 minted. Some obverse scratches are evident. A coin issued during one of the most hectic years on record. First, there was a nearly successful attempt to corner the New York gold market by crafty speculators which confounded money men world-wide; then, too, the first cross-country railroad link was completed with the pounding-in of the golden spike at Promontory, Utah to similar world-wide news coverage. It is interesting to note that the mintage of gold at the San Francisco Mint continued fairly substantial compared to that of Philadelphia during the decade of the Civil War. One reason for this divergence was that the East was recovering from the devastating effects of the War while things were "business as usual" on the West Coast. As this 1869 $3 coin demonstrates, gold was in circulation in some areas, and apparently for a long time since it sustained a light amount of wear suggesting a few years in circulation. If only it could speak; if only it could tell the tale of its years in the business center of the country, the Eastern Seaboard (PCGS # 7990) .
Estimated Value $500 - 550.
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| Realized $911 |
