Heritage World Coin Auctions
FUN Signature US Coin Sale 1251 4-6 & 8-9 Jan 2017
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Three Dollar Gold Pieces
1877 $3 MS61 PCGS. The 1877 three dollar gold is a key issue in the series, even rarer than its meager mintage of 1,468 pieces for circulation purposes would indicate. The financial downturn that began in the United States in 1873 was, by 1877, exacerbated by a great strike nationwide among railroad workers and an ensuing collapse of the lumber market. Unemployment had been widespread for years, and the economic gloom deepened. Many of the people who might otherwise have been able to afford to squirrel away a nice current-year three dollar gold piece appear not to have done so. David Bowers, in his reference to the series, estimates that no more than 60 to 100 circulated coins are known.
This 1877 three dollar gold is one of seven submissions in this grade at PCGS, which shows only five finer (11/16). The average certified survivor is AU55. This MS61-certified representative shows top-notch eye appeal via its generous luster on surfaces ranging from orange-gold to yellow-gold. A nicer example would be difficult to find.
1877 $3 MS61 PCGS. The 1877 three dollar gold is a key issue in the series, even rarer than its meager mintage of 1,468 pieces for circulation purposes would indicate. The financial downturn that began in the United States in 1873 was, by 1877, exacerbated by a great strike nationwide among railroad workers and an ensuing collapse of the lumber market. Unemployment had been widespread for years, and the economic gloom deepened. Many of the people who might otherwise have been able to afford to squirrel away a nice current-year three dollar gold piece appear not to have done so. David Bowers, in his reference to the series, estimates that no more than 60 to 100 circulated coins are known.
This 1877 three dollar gold is one of seven submissions in this grade at PCGS, which shows only five finer (11/16). The average certified survivor is AU55. This MS61-certified representative shows top-notch eye appeal via its generous luster on surfaces ranging from orange-gold to yellow-gold. A nicer example would be difficult to find.