Lot 1887
1881 $3 Gold. PCGS graded MS-62 P.Q. Lovely golden toning. Rare date in mint state. 500 coins minted. A satiny, well struck coin. Pop 8; 11 finer. 6 in 63; 4 in 64; 1 in 66. (PCGS # 8003) .
It seems there was an upsurge in interest in buying Proof gold dollars and Proof $3 gold pieces beginning around 1879 and continuing until 1889. In order to discourage "speculation" by coin dealers and others, the mint decided to strike a few business strikes each year, even though there was little or no requirement to do so. This was in order to increase the total number of pieces of any given date to the point where no premium would occur. Of course, little did the mint officials know back then that in today's more widely based collector market, such tiny numbers as 500 mintage on this 1881 $3 makes it a rarity in all grades.
Estimated Value $15,000 - 17,000.
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