Too good to be true? What is this coin worth? I"m thinking it is very rare and worth many thousands of dollars. It is up for sale for under a grand so what am I missing?
3c coins have never been super popular with collectors, so there is not a high demand for them. Low demand=lower prices.
I was looking here http://www.pcgs.com/Prices/PriceGuideDetail.aspx?MS=4&PR=1&SP=1&c=671&title=Three+Cent+Nickel and the price in $30,000 so I was confused at the asking price. Sounded too good to be true.
I think half cents have a bit more of a market presence than 3c nickels, but it is true that many command a lower price than Large Cents of the same date.
The original coin is a proof coin, not a business strike. Scroll down farther and you will see the price for the proof strikes, although those numbers (as most numbers on the PCGS price guide are) are higher than what they are actually going for.
Ah, I was reading the table wrong. I see if you click on 'shop' you can find several others and see the real prices they are getting for this coin. As far as the table goes you say the first section is for business strikes. So I would think that kind of coin would be extremely rare and thus the price would be extremely dear. Once again, I've learned something new. Thanks for your input and the info on how to read the PCGS tables. I agree that they seem high compared to other sites that give values at a lower rate.
The 1883 is a bit different when it comes to proof and circulation strike prices. Since there were only 4,000 business strike and a little over 6,600 proof strikes made that year, many collectors of the series would go after the relatively common proof strike. The same holds true for the 1884, 1885, 1888 and 1889.
