diff --git a/CHANGELOG.md b/CHANGELOG.md
index 23365ae7665..1db79cb90ff 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -89,5 +89,6 @@ Released with 1.0.0-beta.37 code base.
 
 ### Fixed
 
+- Fix incorrectly errors on tx success when using perfect gas estimates (#3175)
 - Fix TS types for eth.subscribe syncing, newBlockHeaders, pendingTransactions (#3159)
 - Improve web3-eth-abi decodeParameters error message (#3134)
diff --git a/packages/web3-core-method/src/index.js b/packages/web3-core-method/src/index.js
index 611cd91d12b..0a7bdb881da 100644
--- a/packages/web3-core-method/src/index.js
+++ b/packages/web3-core-method/src/index.js
@@ -393,9 +393,13 @@ Method.prototype._confirmTransaction = function(defer, result, payload) {
                 // CHECK for normal tx check for receipt only
                 .then(function(receipt) {
                     if (!isContractDeployment && !promiseResolved) {
+
+                        var hasStatus = receipt.status === false || receipt.status === true;
+                        var isOOG = !hasStatus && gasProvided === utils.numberToHex(receipt.gasUsed);
+
                         if (!receipt.outOfGas &&
-                            (!gasProvided || gasProvided !== utils.numberToHex(receipt.gasUsed)) &&
-                            (receipt.status === true || receipt.status === '0x1' || typeof receipt.status === 'undefined')) {
+                            (!gasProvided || !isOOG) &&
+                            (receipt.status === true || typeof receipt.status === 'undefined')) {
                             defer.eventEmitter.emit('receipt', receipt);
                             defer.resolve(receipt);
 
diff --git a/test/e2e.method.send.js b/test/e2e.method.send.js
index d9bfa9f1713..723f8cf3647 100644
--- a/test/e2e.method.send.js
+++ b/test/e2e.method.send.js
@@ -35,6 +35,20 @@ describe('method.send [ @E2E ]', function() {
             assert(web3.utils.isHexStrict(receipt.transactionHash));
         });
 
+        it('succeeds when using a perfect estimate', async function(){
+            var estimate = await instance
+                .methods
+                .setValue('1')
+                .estimateGas();
+
+            var receipt = await instance
+                .methods
+                .setValue('1')
+                .send({from: accounts[0], gas: estimate});
+
+            assert(receipt.status === true);
+        });
+
         it('errors on OOG', async function(){
             try {
                 await instance