SOLD
1,600.00USDto floor+ buyer's premium
This item SOLD at 2020 Aug 17 @ 22:20UTC-04:00 : AST/EDT
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***Auction Highlight*** 1878 Three Dollar Gold 3 Graded Choice Unc BY USCG. A lustrous, frosty, rose-gold example that also sports sharp to full striking detail throughout the design. At 82,304 pieces the mintage of the 1878 three-dollar gold piece is misleading as Most of the 1878 three-dollar gold pieces that remained in the Mint were eventually melted. As some backstory. In 1875, the federal government mandated that, beginning on January 1, 1879, gold coins would once again be exchangeable at par with paper currency. This would return gold coinage to active commerce in the eastern part of the United States for the first time since banks suspended gold specie payments in December 1861, due to the uncertain economic climate brought about by the onset of the Civil War. In anticipation of this event, the Mint increased gold coin production in 1878 to build up its stocks of such pieces. The market also anticipated the date the mandate was due to take effect, and on December 17, 1878, gold achieved parity with paper on its own. However, the contemporary public showed little interest in exchanging paper currency for gold and, even if they had, it is unlikely that many people would have requested three-dollar gold pieces. The denomination was unpopular almost from the time of authorization in the mid 1850s, and with supplies of 1878 coins quickly accumulating at the Mint and in bank reserves, yearly mintages fell off sharply again beginning in 1879 and continuing through the series' end in 1889. A Corey's Pick, Bid to Win, Don't let it get Away Coin
Auction Location:
148 Route 73, Suite 3-284, Voorhees, New Jersey, 08043, United States
Previewing Details:
Online ONLY.
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
21% |
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