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Lot 7423

Image Information

Type Coin
Title Lot 7423
Date 1874
Side obverse
Grade 55
Service NGC
Service Catalog # 7998
Denomination $3
Description 1874 $3 AU55 NGC. CAC. The Mint Act of 1873 in essence demonetized silver and imposed a de facto gold standard on the nation, a political maneuver decried by Western mining interests. Soon, the Act came to be labeled as the "Crime of '73." In the short term, it bolstered mintages of gold coins, although many denominations -- such as the three dollar gold piece -- hardly circulated domestically. Nevertheless, 41,800 pieces were struck. This example displays nice remaining mint luster over smooth, lightly marked surfaces with Choice eye appeal. Ex: Eric P. Newman Numismatic Education Society. Realized $998.75. Description courtesy of Heritage Auctions.

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Image Collection Eric P. Newman Collection, Part V
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