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Lot 3271

Image Information

Type Coin
Title Lot 3271
Date 1878
Side obverse
Grade 62
Service NGC
Service Catalog # 8000
Denomination $3
Description 1878 $3 MS62 NGC. CAC. A major miscalculation on the part of Mint officials makes this a favorite issue among type enthusiasts. In an attempt to bring gold back to the marketplace for the first time since 1861, over 80,000 three dollar gold coins were struck. However, the coins failed to reenter general circulation and instead lingered in vaults. Fortunately for collectors, this makes the 1878 issue one of the few dates in the series that remains affordable well into the lower-Mint State grades. Orange-gold color and vivid luster blend over each side of this sharply struck example. The legends, hair, and wreath bow are all boldly impressed, and the surfaces are remarkably free of marks. Ex: Eric P. Newman Numismatic Education Society Realized $2585.00. Description courtesy of Heritage Auctions.

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Image Collection Eric P. Newman Collection, Part V
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