Expert Comments

Ron Guth

Thanks to the data we now have in 2015, the 1878 is the most common date in the entire series of Three Dollar Gold pieces, and it is the most common by a wide margin over the 1854 and 1874.  PCGS alone has certified thousands of this date in Mint State from MS62 to MS64.  In MS65 and better, the populations drop off dramatically until MS67, where 1878 becomes a true-condition rarity.  The finest example is a single PCGS MS67+.

The 1878 is known for its frosty luster which, on high grade pieces, has a shimmering effect that is simply lovely..  The strike is usually good, but sometimes weak on the knot at the base of the wreath.  This date has been heavily counterfeited, so beware of raw examples offered in the marketplace.


David Akers (1975/88)

Although this date has a significantly lower mintage than the 1854, it is by a slight margin the most common date in the series, and by far the most common in uncirculated condition. The two Beck sales alone contained 30 uncirculated pieces, and this is the one date in the series that is reasonably available in choice condition.
Diameter
20.50 millimeters
Designer
James Barton Longacre
Edge
Reeded
Mintage
82304
Weight
5.02 grams
Metal Content
90% Gold, 10% Copper
Region
The United States of America
Pop Higher
380
Pop Lower
5263
Price Guide
PCGS Population
Auctions - PCGS Graded
Auctions - NGC Graded

Rarity and Survival Estimates

Grades
65 or Better 25000 R-2.7 41 / 41 41 / 41
All Grades 6000 R-3.8 40 / 41 40 / 41
60 or Better 400 R-6.2 31 / 41 31 / 41

Condition Census

Pos Grade Thumbnail Pedigree and History
1 MS67+ PCGS grade MS67+ PCGS grade
1 MS67+ PCGS grade MS67+ PCGS grade
1 MS67+ PCGS grade
4 MS67 PCGS grade MS67 PCGS grade

Legend Rare Coin Auctions 9//2015:308, $47,000

4 MS67 PCGS grade