1872 $3 MS(PCGS#7994)

August 2018 ANA U.S. Coins Auction Philadelphia, PA

Auctioneer

Stack's Bowers

Lot Number

4080

Grade

AU58

Price

2,640

Lot Description

1872 Three-Dollar Gold Piece. AU-58 (NGC). A handsome piece, both sides exhibit iridescent pinkish-rose highlights to otherwise honey-gold surfaces. Remnants of a semi-prooflike finish are readily evident in the fields as the coin dips into a light. Boldly to sharply defined with a pleasingly smooth appearance in hand. The 1872 three-dollar gold piece was produced in an era when gold coins were not seen in commerce in the East and Midwest, which fact explains the limited circulation strike mintage of 2,000 pieces. While occasional examples were seen in circulation on the West Coast, by the 1870s the three-dollar gold piece as a denomination had also largely fallen out of favor in that region of the country. Most of the few hundred or so survivors of the circulation strike 1872 issue represent the coins that were retrieved from banks by numismatists such as Thomas L. Elder during the early 20th century. This is one of nicer Choice AU examples that we have offered in recent sales, and it is sure to see spirited bidding among astute gold enthusiasts. PCGS# 7994. NGC ID: 25MV. Click here for certification details from NGC.