Coin Found at Flea Market
A $3 Coin With a $5 Million Story
The 1870-S Three Dollar Gold Coin is a remarkable rarity in U.S. numismatics. Only one coin was originally known to exist, surrounded by decades of mystery and speculation. Produced at the San Francisco Mint, it was never circulated and likely minted more as a symbolic gesture than for economic use.
For years, collectors and experts questioned if a second coin was ever produced—until recently. Smithsonian Institution officials have confirmed the authenticity of the newly discovered coin, which matches the original in terms of design, metal content, and die markers.
The Flea Market Discovery
While at a flea market in Fresno, California, an anonymous collector made the unexpected discovery of the coin. Hidden in a box of old buttons and trinkets, the coin initially appeared to be a mere souvenir. “I thought it was just an old memento,” the finder explained. “I almost passed it by, but something about it seemed different.”
The collector paid just $4 for the box of items, not realizing the treasure it held.
Verified and Valued
After consulting with the American Numismatic Association and a number of independent experts, the coin was appraised at a staggering $5 to $6 million. The discovery quickly caught the attention of collectors, historians, and museums. Rather than selling the coin, the owner made the decision to donate it to the Smithsonian National Museum of American History to ensure it would be preserved for future generations.
“This coin represents more than just currency,” the donor remarked. “It is a piece of American history.”
Smithsonian’s Reaction
The Smithsonian’s response was one of astonishment and appreciation. “The coin’s unexpected appearance is incredibly exciting,” said Dr. Elaine Michaels, senior curator at the Smithsonian’s National Numismatic Collection. “This artifact offers us a rare opportunity to explore the intersection of history, legend, and the mystery surrounding 19th-century American coin production.”
The 1870-S Three Dollar Gold Coin will be featured in a special exhibit called Gold, Glory, and Grit: Stories from America’s Rare Coins, opening later this year.
Why It Matters
Discoveries like this are more than just noteworthy—they are invaluable glimpses into the past. Each coin encapsulates the economic, political, and technological climate of its time. The 1870-S Three Dollar Gold Coin is especially significant because the San Francisco Mint was not authorized to strike $3 coins that year, adding an extra layer of intrigue and importance to its existence.
Also Read: 1964 Kennedy Half Dollar With Rare Mint Strike Sells for $980,000 — Collectors Shocked by Historic Sale.
Final Thoughts
For collectors and history enthusiasts, the discovery of the 1870-S Three Dollar Gold Coin is a reminder that valuable treasures can still be found in the most unlikely of places. From a flea market table to a museum exhibit, this coin’s journey is now part of America’s heritage.
And the next time you’re at a flea market, take a closer look at those dusty old boxes—you might just stumble upon history.
FAQ
How was the 1870-S Three Dollar Gold Coin discovered?
The coin was found by an anonymous collector at a flea market in Fresno, California, among a collection of old buttons and trinkets.
What makes the 1870-S Three Dollar Gold Coin so valuable?
The coin is extremely rare, with only one other specimen known to exist. It is historically significant, as it was not originally intended for circulation.
How much is the coin worth?
The coin has been appraised at an estimated $5 to $6 million, making it one of the most valuable coins ever discovered.
What will happen to the coin now?
The coin was donated to the Smithsonian National Museum of American History, where it will be displayed in a special exhibit later this year.
