1878 $5 MS 65+

Description

A Condition Census, finest known specimen! In the mid-19th Century, financial conditions in the United States were somewhat tenuous. The Civil War and Reconstruction slowed down commerce, somewhat and frankly, people were scared. Money was hoarded as much as spent, so demand to the Mint for new coins was limited and so were mintages. Beginning in late 1879/early 1880, coins began to circulate again and financial condition improved. Still, today the earlier coins are rare, especially gold coins. They were just too expensive for the average person to save as the daily wage for factory workers was only $1.00 to $1.50. The 1878 $5 gold Liberty is one of those rare issues. It Is especially rare in Gem condition. In 38 years, PCGS has just grade five specimens MS65, this one MS65+, and four higher. So this is one of the five or ten finest known…what is called a Condition Census coin. It has mark-free surfaces and is 100% fully struck. What sets it apart even more Is the super flashy bright gold luster. As nice as we’ve ever seen!