We present a detailed investigation of the surface electronic structure of
solid K3C60 in connection with its electronic transport properties. We find
that the conductivity is extremely sensitive to the K concentration of the
surface layer, and that the best-conducting samples with the highest super
conducting transition temperatures have surfaces with the highest density o
f states at the Fermi level as measured by photoemission. The C-60 ions at
the surface have, however, a valence that deviates appreciably from the 3-
bulk value, namely 2.5- or even 1.5-, depending on the preparation procedur
e. We attribute this as being the result of an electronic rather than an at
omic surface reconstruction to avoid the divergence of the electrostatic po
tential associated with the polar (111) surface termination of K3C60. We ar
gue that such a mixed-valence surface should always be a metal, irrespectiv
e of whether the bulk is a metal or a Mott-Hubbard insulator.