1879 $3 MS 66

  • $24,500.00


PCGS No: 8001
Type: Three Dollar
Year: 1879-P
Denomination: $3
Category: Three Dollar (1854-1889)
Grade: MS 66
Certificate Number: 81934682

Description

The three-dollar gold coin was first struck in 1854, and continued until 1889. In the beginning the coins were thought to become extremely popular for every day transactions. The mintages were generous starting out, but it didn’t take long to realize it was a bit redundant being very close in value to the $2.5 Liberty. Within a few years the mintages dropped due to low demand. This 1879 $3 Indian Princess grades Superb MS66 and is a spectacular Condition Census Gem example of this rare, low mintage issue. All three-dollar gold coins are rare in all grades, and very rare in Gem condition. This was not a popular coin at the time of issue and very few were saved. The 1879 is an extremely low mintage issue. In fact, only 3000 coins were originally struck. Compare that to the 82,000 struck in 1878, and you can see why the 1879 is rare in any grade. As for Gem quality examples, in 33 years PCGS has only graded six examples MS 66 (roughly one every five years). This spectacular Gem has super clean, mark-free surfaces. The strike is 100% full in every detail. The luster and iridescent color make for fabulous eye appeal. This is one of the finest known examples of a very rare and important gold issue. This is a case of a beautiful gold coin with a price that’s quite modest relative to it’s rarity. In other words, this is another gold coin with outstanding potential