1878 $3, DC PR 66 DC

Description

The Philadelphia Mint struck a small mintage of just 20 proof three dollar gold pieces for collectors in 1878, to accompany a substantial business-strike production of 82,304 pieces. The proofs were all delivered on February 9, for inclusion in the proof sets. A single pair of dies was used to strike the proofs. The obverse die had been used previously to strike proofs in 1877 and shows a distinctive rust lump on Liberty's hair, below the ear, that makes it easy to distinguish between proofs and prooflike business strikes. This was the only use of the reverse die. John Dannreuther estimates no more than 12 to 14 proofs are extant today in all grades. The 1878 three dollar gold piece is an overlooked rarity in the series. Historically, date collectors have often settled for a more available high-grade business strike when the rare proofs were too difficult to locate. This spectacular Premium Gems design elements are sharply detailed throughout. The virtually flawless yellow-gold surfaces include deeply mirrored fields that contrast profoundly with the frosty devices. Overall eye appeal is terrific. This specimen has been off the market for nearly 20 yea