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<p>[QUOTE=&quot;drbrummer, post: 3161903, member: 76441&quot;]A couple years ago, I came across the following coin at a small local show. The dealer&nbsp; remarked that it was fresh back from NGC earlier that week. It caught my eye because I didn&#039;t have a type coin for the 3 cent silver series and don&#039;t often see circulated coins in this excellent state of preservation. Admittedly, I knew very little about 3 cent silvers so I was a little hesitant to pay AU bid of over $1000 on a &#039;type coin&#039;, and initially passed.</p><p><br /></p><p>After doing a bit of research I decided that I had been foolish to pass on the offering and fortunately had grabbed a business card from the dealer and arranged a purchase. Although I know very little on the 3cs series, I have been following this date for a little while due to my type coin purchase.</p><p><br /></p><p>My only (minor) resource on this series is Breen, who has very little to say other than the 1868 being &#039;very rare&#039; due to many being melted in 1873. However, he adds similar comments to many of the later date issues of the series. It seems obvious that the 1872 is the key date for the series, due to its low mintage but I wonder if any experts out there feel differently. </p><p><br /></p><p>The last 3 AU55-58 coins in PCGS holders to be auctioned sold for $4560-$5405, including one that just hammered in a Heritage auction. After review, none of the coins seem exceptional for their grade. This is WAY above price guide levels. PCGS has certified 19 coins in AU (but it is top heavy at AU58, perhaps due to resubmission attempts at a MS grade) and NGC has an additional 5, including mine. </p><p><br /></p><p>What do you guys think? Is this a sleeper date that just doesn&#039;t have enough auction records to move the price guides? Are there enough &#039;date&#039; collectors of the series to justify such high demand for a difficult date? Maybe the recent high prices are from registry collectors that have a hard time finding a circulated example of this date? Thanks in advance for any available input.</p><p>[ATTACH=full]811843[/ATTACH] [ATTACH=full]811844[/ATTACH] [ATTACH=full]811845[/ATTACH][/QUOTE]</p><p><br /></p>

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