Coin Specifications

Category: Three Dollar Gold (1854-1889)
Mint: Philadelphia
Mintage: 3,500
Catalog: KM-84
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Gold
Fineness: 0.9000
Weight: 5.0150g
AGW: 0.1451oz
Melt Value: $186.03 (4/24/2014)
Diameter: 20.5mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1870 $3 MS obverse 1870 $3 MS reverse


  
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There are no varieties for this coin.

Description & Analysis

For a number of years after the Civil War, gold and silver coins were rarely seen in commerce. Instead, they were hoarded by those people who could afford to do so. As a result, the Philadelphia Mint produced small amounts of coins at the time, seeing little reason to produce coinage that would also be hoarded. James Pollock addressed the situation in the 1870 Mint report: '...Emerging from a tremendous Civil War which shook every social interest to the very foundation, it is no wonder that our currency continues in an abnormal condition. Most of our people rarely get the sight of a gold or silver coin.'

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

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Price Guide

Last Updated: 7/5/2013

Click on a price to see historical prices, comparison charts and trends.

1870 $3 MS
  GVGFVF4045505355586061626364656667686970
Base $ 630 660 700 925 1560 1560 2340 2660 2910 3950 5150 5500 10750 17000 27500 53350 - - - - -
$ 1720 2570 2900 3100 4250 5450 6100 12000 19500 30500 58000 - - -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 265
Low Grade: VF
Average Grade: 55
High Grade: 64


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
4/27/2014 AU Details  Heritage Auctions 2014 April 23 - 27 CSNS US Coin Signature Auction - Chicago Session(6), 1204/Lot# 6264


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
1/24/2000 NGC AU 53   Teletrade Auction 1262, 1262/Lot# 1969 $1,318.75
12/8/2004 NGC AU 55   Heritage Auctions 2004 December Dallas Signature Sale #277, 277/Lot# 6606 $1,840.00
1/3/2007 PCGS MS 62   Heritage Auctions 2007 January Orlando, FL (FUN) Signature Coin Auction #422, 422/Lot# 5717 $8,625.00
8/13/2007 NGC AU 58   David Lawrence Rare Coins Monday - Internet Auction # 168, 173/Lot# 1926 $3,565.00
5/22/2011 NGC AU 58   Heritage Auctions Internet Coin Auction Session(2), 131122/Lot# 27069 $2,990.00
9/4/2011 PCGS AU 50   Goldberg September 4-6, 2011 The Pre-Long Beach Auction, 65/Lot# 1994 $2,070.00
4/24/2013 NGC AU 58   Heritage Auctions 2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago Session(7), 1184/Lot# 5690 $3,525.00
8/30/2013 NGC   Stack's Bowers The September 2013 Philadelphia Auction, 195/Lot# 3387 $1,762.50


NGC Registry

NGC Registry Score 1870 $3 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base870933997106611381450168318862295252528283009319437834565608986301184316548235252504026625
891954102010901242152717502022237126262888307033904043507369369701134111887324030255680
0000001750202223712626288830703390404350736936970113411188732403000
00000018182158244827272948313235864304558177831077214979211992453500
1870 $3 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base333774108112841450160017941913207621782323264834743823478363249478119063041448884
33260876114813391500166418331967211022262431292335904143529673751028718075365700
000000150016641833196721102226243129233590414352967375102871807500
000000155017291873202121442274253931983706446358108426110962424400
Registry Image Gallery
Grade: AU 58
Points: 2828
Owner: Whidbey Island Collection
 
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