1874 $3 MS(PCGS#7998)

August 2020 U.S. Coins Auction

Auctioneer

Stack's Bowers

Lot Number

1254

Grade

MS65

Price

10,200

Lot Description

Scarce Gem 1874 Three Dollar 1874 Three-Dollar Gold Piece. MS-65 (PCGS). This is a lovely Gem with superior technical quality and eye appeal for the challenging three-dollar gold series of 1854 to 1889. Highly lustrous with a satin texture and sharp definition throughout. Richly toned in varying yellow-gold shades and lightly dusted in peach-colored patina. The 1874 registers the highest mintage in the three-dollar series up to that point in time, and the second highest for the type as a whole after the 1878. Circulation strikes were produced to the extent of 41,800 piece, as it was anticipated at the time that gold coins and Legal Tender notes would achieve parity in the market and pieces were struck to fill the expected demand. In actuality this did not happen until December 17, 1878. Although Mint State survivors are plentiful by the standards of the type, no three-dollar gold issue can rightly be called common when viewed in the wider context of U.S. numismatics. With Gems rare by any standard, this upper end MS-65 represents a significant find for the astute gold enthusiast. Just 7 have been graded finer by PCGS. This coin also sports a sticker from PQ Approved that acknowledges the superior quality. PCGS Population: 16; 7 finer. PCGS# 7998. NGC ID: 25MX. Click here for certification details from PCGS. Image with the PCGS TrueView logo is obtained from and is subject to a license agreement with Collectors Universe, Inc. and its divisions PCGS and PSA.