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1867 $3 gold
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3 posts in this topic

Just now, ronnie stein said:


Why is it so difficult to find the 1867 $3 Indian Princess? No submissions to the auction sites makes me wonder what the scoop is on that particular year.

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  • Member: Seasoned Veteran

In their book about $3 pieces, Q. David Bowers and Douglas Winter write of this date: "The 1867 $3 is another entry in the line-up of rarities that are generally unappreciated in the marketplace. Probably, fewer than 150 exist across all grades."

The $3 pieces coined 1861-77 were unable to circulate freely, as they were worth more than their nominal value in paper dollars. It was not until the very end of 1878 that greenbacks achieved value parity with gold coins, allowing the latter to circulate once again---in theory. By then, however, threes were effectively obsolete, and nearly all of the ones made before 1878 were destroyed. The ones coined 1878-89 were used exclusively for the gift and jewelry market.

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