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Any 3 cent silver experts? Thoughts on 1868 date...
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<p>[QUOTE="Burton Strauss III, post: 3162453, member: 59677"]Freaking awesome!</p><p><br /></p><p>The story is that after the war silver $0.03 production never really picked back up because the copper nickel $0.03 was introduced in 1865. So they produce just enough to say the coin was being produced but there wasn't any demand for it.</p><p><br /></p><p>When the weight of silver coins were adjusted in 1873... [which you can Google is the crime of 73 although frankly the crime is somebody thinking that they could dictate through legislation the value ratio between silver and gold] - anyway the mint melted all of the obsolete and incorrect weight coins on hand. This included most of the three cent silver's from 1863 through 1872.</p><p><br /></p><p>So to get a true handle on the Rarity you need to look less at the mintage and more at the estimated survival.</p><p><br /></p><p>1863... mintage 21,000 .... est. survival (all grades) 500</p><p>1864... mintage 12,000 ... est. survival 500</p><p>1865... 8,000 & 400</p><p>1866... 22,000 & 600</p><p>1867... 4,000 & 300</p><p>1868... 3,500 & 200</p><p>1869... 4,500 & 300</p><p>1870... 3,000 & 500</p><p>1871... 3,400 & 800</p><p>1872... 1,000 & 100</p><p><br /></p><p>So however you want to look at it these are very rare coins.</p><p><br /></p><p>The price guys are unadulterated garbage but for whatever reason there's no interest in adjusting the prices... </p><p><br /></p><p>A dealer in the Northwest bought over-the-counter 4 coins of a single year over a space of about 2 years and submitted them to PCGS. 2 XF40s, an XF45 and an XF details. And I know he sold them between 1200 and 1450... despite a price guide that says like 800.</p><p><br /></p><p>The NGC price guide says 1250 without differentiating for the star.</p><p><br /></p><p>The last auction sale was an XF details that sold in March for $660. The rest of the auction records are all mint State coins.</p><p><br /></p><p><br /></p><p>PCGS guide lists more auctions, but none current either.</p><p><br /></p><p>The 2015 AU55 sale description said "wholesale price 525" but sold for $4,700.[/QUOTE]</p><p><br /></p>
[QUOTE="Burton Strauss III, post: 3162453, member: 59677"]Freaking awesome! The story is that after the war silver $0.03 production never really picked back up because the copper nickel $0.03 was introduced in 1865. So they produce just enough to say the coin was being produced but there wasn't any demand for it. When the weight of silver coins were adjusted in 1873... [which you can Google is the crime of 73 although frankly the crime is somebody thinking that they could dictate through legislation the value ratio between silver and gold] - anyway the mint melted all of the obsolete and incorrect weight coins on hand. This included most of the three cent silver's from 1863 through 1872. So to get a true handle on the Rarity you need to look less at the mintage and more at the estimated survival. 1863... mintage 21,000 .... est. survival (all grades) 500 1864... mintage 12,000 ... est. survival 500 1865... 8,000 & 400 1866... 22,000 & 600 1867... 4,000 & 300 1868... 3,500 & 200 1869... 4,500 & 300 1870... 3,000 & 500 1871... 3,400 & 800 1872... 1,000 & 100 So however you want to look at it these are very rare coins. The price guys are unadulterated garbage but for whatever reason there's no interest in adjusting the prices... A dealer in the Northwest bought over-the-counter 4 coins of a single year over a space of about 2 years and submitted them to PCGS. 2 XF40s, an XF45 and an XF details. And I know he sold them between 1200 and 1450... despite a price guide that says like 800. The NGC price guide says 1250 without differentiating for the star. The last auction sale was an XF details that sold in March for $660. The rest of the auction records are all mint State coins. PCGS guide lists more auctions, but none current either. The 2015 AU55 sale description said "wholesale price 525" but sold for $4,700.[/QUOTE]
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Any 3 cent silver experts? Thoughts on 1868 date...
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