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Lot 888
1873. Closed 3. PCGS graded AU-55 PQ. One of the rarest dates in the entire Three Dollar Gold series, with a reported mintage of only 25 pieces, all Proofs. Today, we know that this number is
understated, due to restriking in the late 19th century. Perhaps a many as 50 Proofs (Originals and Restrikes combined) were struck of this date. This guess-timate is supported by the PCGS Population Report that shows 19 in this grade, with 25 higher.
PCGS graded this one AU-55, hinting that this might have been struck for circulation, which is certainly not the case. The AU-55 grade simply means that the once-mirrored surfaces now have some light friction and abrasions -- the "wear" that a
coin might receive from being carried as a pocket piece, for instance. In the protected areas, the surfaces are still fully reflective. This example appears to be an Original, as the fields are flat and not dished as they are on later Restrikes. All
this discussion about reported mintage versus actual mintage and Original versus Restrike is moot, anyway, since every collector we know would love to have an example, any example, of this date. Identifying marks: squiggly lintmark between the bases of
the T and A of STATES; coppery-red toning streak on the inside bottom left of the wreath. Color photo.
Estimated Value $7,000-8,000.
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