3CN Appear To Be Making A Move - Page 2

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Author	Replies: 28 / Views: 2,517	Page: of 2

Amazon99 Pillar of the Community United States 2443 Posts	Posted 07/22/2007 8:12 pm I agree with you. I think that the 1875 must have a higher survival rate. The only examples would be ones that were damaged/destroyed or buried somewhere out there in the ground. Report this Post to the Staff
Prethen Pillar of the Community United States 3234 Posts	Posted 07/22/2007 8:36 pm I think you meant to say lower survival rate? For some reason those coins can be dastardly hard to find in anything above F/VF and virtually impossible in AU. Report this Post to the Staff
Amazon99 Pillar of the Community United States 2443 Posts	Posted 07/22/2007 9:04 pm Dang, my brain was working too fast and my fingers were too slow. I meant to type was that the 1885 have a high survival rate compared to the 1875. Report this Post to the Staff
ziggy29 Valued Member United States 157 Posts	Posted 07/23/2007 10:48 am I wonder about the 1875 and some of the other mid-1870s dates. The Mint was known to be "reissuing" a lot of minor coinage, not just minting new ones, during the decade of the 1870s. For example, people would redeem minor coinage and they would go back to the government. After a while, rather than mint a lot of new coins, they'd mint fewer coins and also re-release old ones. (This accounts for the low mintages of many 1870s dates of IHC; in fact, if I recall correctly the Mint "issued" over 10 million cents in 1877 but only 852,500 -- at most, and possibly fewer -- were new coins dated 1877.) I wonder if some of these dates in the 3CN series were redeemed and never reissued because demand was never there. If that's the case, maybe these dates were more likely to be melted than the dates after 1878? As an aside, this is the main reason why there was so little minor coinage (and a lot of proof-only issues) struck in 1877 and 1878. There was a glut of minor coinage out there, much of it pressed into service during the Civil War because silver and gold were being hoarded. Once silver coins started circulating heavily again by the 1870s, there was simply way too much minor coinage out there -- and what little demand there was could be met by reissuing coins already minted from previous years and redeemed. Edited by ziggy29 07/23/2007 10:51 am Report this Post to the Staff
Prethen Pillar of the Community United States 3234 Posts	Posted 07/23/2007 11:29 am Ziggy thanks for your observations. It's very strange that 1875 turns out to be such a rare date to find in dealer's inventories. The Sheet basically prices it based on its mintage and has nothing to do with availability. I don't know if that will keep on lasting forever, though. Talk about a sleeper! Report this Post to the Staff
USArmyParatrooper Pillar of the Community United States 1283 Posts	Posted 07/28/2007 10:49 pm On the subject of 3CNs, do you guys think my NCG MS62 1888 might see some growth? I'm waiting for it to climb to close to what I paid so I can flip it. Report this Post to the Staff
roach Valued Member United States 364 Posts	Posted 08/04/2007 9:53 pm After all this talk about the 1875 I'm glad I already have an MS 62 ! Of course I wanted to put together a complete MS set before the prices sky rocket. I sold all of my MS morgans to start collecting MS 3 cents and MS shield and Liberty nickels. as I think all three are undervalued in MS because of the difficulty of finding coins that have not been messed with. The composition (not silver) I think causes them to get corrosion and other problems easily. Any that are not slabbed and protected already (and some that are slabbed) are getting "problems" as they get older and won't be graded by PCGS , NGC. So if there is any increase in demand there will be great increases in prices! Lets keep it our litle secret for now! Report this Post to the Staff
Vaslin Pillar of the Community United States 914 Posts	Posted 08/04/2007 11:37 pm :D I just paid $25 bucks for a 1888 VF today! Still 8 more dates to go! Edited by Vaslin 08/05/2007 2:37 pm Report this Post to the Staff
Amazon99 Pillar of the Community United States 2443 Posts	Posted 08/05/2007 02:22 am Roach and Vaslin: Report this Post to the Staff
Prethen Pillar of the Community United States 3234 Posts	Posted 08/05/2007 12:24 pm $25 for an 1888....NO WAY! That's awesome! Congrats! Let's see some pix. Report this Post to the Staff
Vaslin Pillar of the Community United States 914 Posts	Posted 08/05/2007 2:37 pm Thanks Prethen! The real deal from this guy was my first MS-60 coin I've ever bought. I'll post it all tomorrow. Report this Post to the Staff
roach Valued Member United States 364 Posts	Posted 08/07/2007 10:59 am Here is mine MS 62 NGC. Image: 1.jpg 13.18 KB Image: 2.jpg 14.97 KB Report this Post to the Staff
Prethen Pillar of the Community United States 3234 Posts	Posted 08/07/2007 11:29 am It looks nicely struck, Roach. Any chance for higher-resolution photos? How much luster does it have? Report this Post to the Staff
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