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WOW!!! Only 1,600 minted !!!
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<p>[QUOTE="johnmilton, post: 3442844, member: 101855"][ATTACH=full]914165[/ATTACH] [ATTACH=full]914166[/ATTACH]</p><p><br /></p><p>That's right. The total business strike mintage for the 1880 gold dollar was 1,600 pieces plus 36 Proofs. This has long made this issued a "trophy coin" for collectors who are totally excited with low mintages, but the coin is not prohibitively expensive.</p><p><br /></p><p>Why? First, there are not huge number of gold dollar collectors. Some collectors dislike them because they are small. Second, the survival rate was very high for a 19th century coin. According to "Coin Facts" the estimated number of survivors is 1,000 pieces with 975 of those in MS-60 or better. The estimates further claim that there are 600 pieces left in MS-65 or better. Most of these high grade pieces have Proof-Like characteristics.</p><p><br /></p><p>Why was the survivals rate so high? Speculators in the 19th century were aware of these numbers and saved a large number of these coins. The gold dollars from the decade of the 1880s had a similar following although the mint did make an effort to get the mintages higher to prevent more "rarities."</p><p><br /></p><p>This coin is graded MS-65, and it is in a PCGS Old Green Label (OGL) holder.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 3442844, member: 101855"][ATTACH=full]914165[/ATTACH] [ATTACH=full]914166[/ATTACH] That's right. The total business strike mintage for the 1880 gold dollar was 1,600 pieces plus 36 Proofs. This has long made this issued a "trophy coin" for collectors who are totally excited with low mintages, but the coin is not prohibitively expensive. Why? First, there are not huge number of gold dollar collectors. Some collectors dislike them because they are small. Second, the survival rate was very high for a 19th century coin. According to "Coin Facts" the estimated number of survivors is 1,000 pieces with 975 of those in MS-60 or better. The estimates further claim that there are 600 pieces left in MS-65 or better. Most of these high grade pieces have Proof-Like characteristics. Why was the survivals rate so high? Speculators in the 19th century were aware of these numbers and saved a large number of these coins. The gold dollars from the decade of the 1880s had a similar following although the mint did make an effort to get the mintages higher to prevent more "rarities." This coin is graded MS-65, and it is in a PCGS Old Green Label (OGL) holder.[/QUOTE]
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WOW!!! Only 1,600 minted !!!
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