||1878 $3 MS62 NGC. CAC. After the introductory issue in 1854, the 1878 issue enjoys the second-highest mintage in the three dollar gold series with a production figure of 82,304 coins. A high survival rate accompanies the impressive mintage, as few pieces were ever distributed. The Mint incorrectly anticipated that the public would exchange paper currency for gold when the market reached parity, but once that moment arrived on December 17, 1878, people failed to act. This Uncirculated example exhibits sumptuous yellow-gold surfaces with swirling mint frost. Liberty's hair and headdress show strong detail, while the lower wreath is softly impressed. A splendid type representative. Ex: Eric P. Newman Numismatic Education Society.
Realized $2585.00. Description courtesy of Heritage Auctions.