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08-07-2007, 07:04 PM
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#1 (permalink)
| | Junior Member
Join Date: Aug 2007
Posts: 4
| 1880 3 dollar gold coin only 1000 minted
Only 1000 were ever minted of this coin!
I am currently having it graded by PCGS - any ideas on what someone would pay for it? http://www.cointalk.org/images/smilies/14.gif | 
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08-07-2007, 11:35 PM
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#2 (permalink)
| | Numismatist
Join Date: Nov 2002 Location: PA
Posts: 23,528
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Howdy EC - Welcome to the Forum !!
Assuming it's authentic - I'd say about $600.
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08-08-2007, 12:05 AM
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#3 (permalink)
| | Moderator
Join Date: Aug 2005
Posts: 2,745
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I agree with GDJMSP. I unfortunately do not think PCGS will grade it as I believe it was polished.
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08-08-2007, 01:16 AM
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#4 (permalink)
| | Junior Member
Join Date: Aug 2007
Posts: 4
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only $600? Hm... I think it has to be worth more than that. It's not polished - it is just that I took the photo through plastic so it gave off a shine. PCGS is sending it back to me on the 12th - Ill post its grade then.
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08-08-2007, 01:26 AM
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#5 (permalink)
| | Majored in Morganology
Join Date: Oct 2006 Location: Wisconsin
Posts: 2,739
My Mood:  |
It's just reflection IMO. Looks like it has nice luster. Maybe AU55...can't tell for sure as I know nothing of this series. 
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08-08-2007, 07:48 AM
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#6 (permalink)
| | The Other Frank
Join Date: Oct 2006 Location: New York
Posts: 16,669
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EC:
Lets wait for PCGS's opinion on the grade.
Good luck
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08-08-2007, 07:53 AM
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#7 (permalink)
| | Supporter**
Join Date: Jul 2004 Location: Jefferson City, Tennessee
Posts: 3,008
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I agree that the reflection and possibly some hazing of the plastic or mylar (as it appears to be in a 2x2 or other type coin holder) makes the coin appear of a less grade than it actually is! I copied and pasted the images to my PC, added contrast, cropped them and have attached the edited images below which show that the coin is in fact a much higher grade. From the edited pics, I believe that the coin will at least grade AU-50 but may go even higher as I believe that even with the editing, the plastic or mylar is still detracting from the true condition and quality of the coin! Therefore, I believe that the coin should fetch at least $3,000 but may go much higher, if the coin is actually of a higher grade and also due to the low mintage.
Frank
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08-08-2007, 10:03 AM
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#8 (permalink)
| | You get what you pay for.
Join Date: Feb 2006 Location: Nebraska/Iowa
Posts: 4,770
My Mood:  |
still just being able to get one of the 3 dollar coins is nice. I'd love to get one for my type set.
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08-08-2007, 07:42 PM
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#9 (permalink)
| | Old Newbie
Join Date: Apr 2007 Location: Ohio
Posts: 1,789
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Just for reference.....
In the last auction I went to, an 1878 in Unc went for $1800.
Your coin has a lower mintage.
I don't know what to grade your coin at, but it books for $4000 in AU-55.
I hope that helps a bit.  | |
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08-09-2007, 01:09 AM
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#10 (permalink)
| | Numismatist
Join Date: Nov 2002 Location: PA
Posts: 23,528
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Reckon we'll see. IMO the coin would grade VF at best. However I think it has been harshly cleaned ( thus the low estimate ) and that PCGS will body-bag the coin.
'Course I've been wrong before.
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08-10-2007, 11:16 PM
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#11 (permalink)
| | Junior Member
Join Date: Aug 2007
Posts: 4
| The Coin is Graded!
PCGS graded the coin and marked it as an XF45. Im happy with that although my friend, who is a coin "expert" supposedly, said it was no less than an AU. Well - PCGS hsa spoken and Im not too unhappy with it. EDITED---No offers to buy/sell/trade please.
p.s. This coin ins ms64 went for over $18,400. I know that is no indication on the value on this coin - but it's still cool and worth mentioning 
Last edited by Speedy; 08-10-2007 at 11:55 PM.
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08-10-2007, 11:19 PM
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#12 (permalink)
| | Coin Collector
Join Date: Mar 2005 Location: Illinois
Posts: 1,814
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regrade it, or send it to NGC, whats another grading cost you when you are selling it for good money?
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08-10-2007, 11:44 PM
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#13 (permalink)
| | Junior Member
Join Date: Aug 2007
Posts: 4
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i dont want to spend another 100 bucks on getting it graded.... plsu I already spent an arm and aleg buying the coin in the first place :-) I'll just accept the XF45 grade on it. EDITED---Same reason
Last edited by Speedy; 08-10-2007 at 11:55 PM.
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08-11-2007, 12:35 AM
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#14 (permalink)
| | Supporter**
Join Date: Jul 2004 Location: Jefferson City, Tennessee
Posts: 3,008
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Although when I copy and paste the pictures to my PC and blow them up, the coin appears to have at least AU-50 details, I am happy that it graded EF-45! Considering the grade and that it now resides in a PCGS holder, the coin should fetch about $2,500 but I wouldn't be suprised if it only brings $2,000 or brings as much as $2,800 at auction.
Good luck...Frank
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