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Is This 1870 3 Cs A Circulation Strike Or A Circulated Proof

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 Posted 07/18/2015  08:17 am  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list
The rim would be another diagnostic. Yours has weak spots one would associate with a business strike. I don't know.
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 Posted 07/18/2015  08:55 am  Show Profile   Bookmark this reply Add Ploopy to your friends list
I'd say circulation strike.
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 Posted 07/18/2015  08:56 am  Show Profile   Bookmark this reply Add Conder101 to your friends list
But if you look at the linked MGC proof above it has weak spots in the same areas.

These are a tough judgement call because the proof and MS coins were struck with the same dies I believe and the mntage was so low there was no significant wear to the dies. Most business strikes probably looked like proofs or at least proof-like when they were struck
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 Posted 07/18/2015  11:56 am  Show Profile   Bookmark this reply Add Scropper to your friends list
What Conder101 said. With 75% of the strike being "for circulation", that's an extremely high proof to circulation ratio.

My question is: is the value substantially different in this grade (if indeed that's even why you're asking)? Or is it just curiosity.

My knee jerk was business, but I'm honestly not sure there's a way to tell? Watching and learning (this is what I come to CC for!)
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 Posted 07/18/2015  12:09 pm  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list
I'm leaning toward a circulation strike.
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 Posted 07/18/2015  3:53 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
It just doesn't seem to have the sharpness of detail that I would expect in a proof.
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 Posted 07/18/2015  5:23 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list
I don't have my copy of the book with me, but for some of those years, there were only one die pair used, it's just that they stopped polishing the die and carefully preparing the planchet.

The strike is also a little weaker than I would expect for a proof (notice the orbs on either side of the diamond aren't fully filled out and the high points of the ribbon don't show either. I'm calling it XF40, but ...
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 Posted 07/18/2015  5:31 pm  Show Profile   Bookmark this reply Add GERMANICVS to your friends list
Thank you all for your thoughts.

I am hoping this is a circulation strike merely because proofs seems to be much commoner than the former, and valued accordingly.
I am also leaning toward circulation strike because the coin does not have the 'look' of a proof, even a circulated proof. But I was just not sure.
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 Posted 07/18/2015  8:08 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list
Several stars on the reverse look softly struck while others have full detail (less slight wear). I'd expect more uniform sharpness on a proof. At least, my only proof 3CS (an 1873) has all stars sharply defined.
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 Posted 07/18/2015  8:53 pm  Show Profile   Bookmark this reply Add GERMANICVS to your friends list
In fact, jaobler, it was a recent thread about an 1873 3 CS which started me thinking about this coin in my collection. That coin seemed to many of us to be a proof issue, yet if I recall, it was a business strike.
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 Posted 07/18/2015  9:43 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list
Germanicvs, I believe the 1873 silver 3-cent is proof-only. Was the thread you mentioned about a nickel 3-cent?
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 Posted 07/18/2015  10:03 pm  Show Profile   Bookmark this reply Add Dinkhart to your friends list
It's not a series I'm too familiar with but judging by the detail in the arrows along with those rims, circulation strike seems right.
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 Posted 07/19/2015  08:10 am  Show Profile   Bookmark this reply Add GERMANICVS to your friends list
jaobler, according to the Red Book (I have just bought the 1400-page deluxe edition, what a great buy!), says the mintage of 3 Cent Silvers for 1870 consisted of 3000 business strikes and 1000 proofs. So both issues were struck that year.

PS- There was a recent thread on a 1873 3 CS, the date was 1873 unless my mind is totally going. The discussion was on whether it was a business or proof strike. For some reason I unable to find that thread again.?
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 Posted 07/19/2015  09:36 am  Show Profile   Bookmark this reply Add bandsdean to your friends list
After looking at some pics at PCGS and Heritage, I'm leaning towards circulation strike. The proofs I saw had sharp ribbon and extra outlines around the arrows. Of course these could be polished off over time. Send it in and updated us.
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 Posted 07/19/2015  12:37 pm  Show Profile   Bookmark this reply Add johntookit to your friends list


Is-This-1870-3-Cs-A-Circulation-Strike-Or-A-Circulated-Proof


Quote:
What Conder101 said. With 75% of the strike being "for circulation", that's an extremely high proof to circulation ratio.

My question is: is the value substantially different in this grade (if indeed that's even why you're asking)? Or is it just curiosity.

My knee jerk was business, but I'm honestly not sure there's a way to tell? Watching and learning (this is what I come to CC for!)


Die Varieties: None verified.
Scarcity: Business strikes are rare in circulated grades, very rare in mint states and extremely rare in MS65 and above. Proof are rare up through PR66 and extremely rare in PR67 and above.
Three Cent Silver Coins by Kevin Flynn and Winston Zack.
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