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1868 Three Cent Silver- Question For Those In The Know.

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Petespockets55's Avatar
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5767 Posts
 Posted 08/26/2022  6:32 pm Show Profile   Bookmark this topic Add Petespockets55 to your friends list Get a Link to this Message Number of Subscribers
Greetings my Classic brothers and sisters from the dark side of moderns.
I'm thinking of attending an auction soon that has an 1868 three-cent silver buried in a lot with other classic coins and I have about Zero (with a capital Z) experience, other than what I find on the web.

It seems they come in Proof or Business strike and this auction listing has piqued my interest.

At this point, I have no images to share, but it doesn't appear to be much better than AG. (Rims might be separated from the fields). All info is from a simple written description and one grainy image of the group. ( I know I should run away and steer clear but sometimes things align to make lots like this one worthwhile.)

I'm looking for some ideas from those collectors that are in the know for the series on what a business strike in AG might be worth in case I attend and attempt to bid.
(Maybe I'll give it away in a contest if I bid and win since I don't collect them. LOL)
PP55
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 Posted 08/26/2022  10:15 pm  Show Profile   Bookmark this reply Add smat45 to your friends list Get a Link to this Reply
I'm also in the Z know...but by virtue of the very low mintage...gotta be worth something to someone filling holes.
Keep us posted.
smat
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BStrauss3's Avatar
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 Posted 08/27/2022  09:33 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
Nobody fills holes in a 3cs collection.

You either have ONE - for a type collection (typically 1852 or 1851)

THREE - Type 1, Type 2, and Type 3

or

FOUR (add the Type 1 1851O)

If you are doing a date set, 1851, 1851O, 1852-->1863.

1864 --> 1872 and the proof-only 1873 are just too hard unless you plan to spend serious money, at which point an AG3 isn't it.

I've filled a couple of holes in my circulated XF set with impaired proofs or an AU53.

1864	XF45
1865  missing
1866	AU53  <-- downgrade, someday
1867	PF58  <-- replace, someday
1868	XF Genuine  <-- upgrade, someday
1869	XF45
1870	XF45
1871	XF45
1872	PF50  <-- replace, someday


-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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 Posted 08/27/2022  11:13 am  Show Profile   Bookmark this reply Add apcol258 to your friends list Get a Link to this Reply
If it's AG, then it's more than likely an 1858 or some other more common date that the auction house got wrong.
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Petespockets55's Avatar
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 Posted 08/27/2022  7:05 pm  Show Profile   Bookmark this reply Add Petespockets55 to your friends list Get a Link to this Reply
Thanks Smat, Bstrauss53, and apcol258.

I didn't make it to the preview but I'm guessing others did. Here's an image of the listing with all coins listed in the lot.


Does anyone care to guess what the hammer price on the lot was?
(Assume there were two 1868 3c silvers, as that will make the hammer price a little more believable. There was only one image provided and it was a group image and only showed the reverse of all the 3c silvers in the lot. Maybe AG or G from what I could see. most of the rimas were separate and distinct.)

1868-Three-Cent-Silver--Question-For-Those-In-The-Know.
Words of encouragement are one of the major food groups.
We need to consume them regularly to thrive and grow.
Edited by Petespockets55
08/27/2022 7:49 pm
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BStrauss3's Avatar
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4587 Posts
 Posted 08/27/2022  9:06 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
Actually more likely they were three-cent copper-nickel and the auction house mislisted them, if you open most catalogs for 3 cents, the 3cs is what shows first.
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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Petespockets55's Avatar
United States
5767 Posts
 Posted 08/28/2022  8:36 pm  Show Profile   Bookmark this reply Add Petespockets55 to your friends list Get a Link to this Reply
Well, I figured out how to save the single image of the lot from the auction. Here it is and only the reverse is visible for the 3c silvers.
1868-Three-Cent-Silver--Question-For-Those-In-The-Know.
The written auction description listed five 3c silvers. I definitely see the reverse of at least four 3c silvers in the upper left of the image. A fifth one (I think) on the right towards the bottom. It may be holed.

If you're curious, this lot sold for $2500.00 (+10% BP), so no contests with one of them as a prize.
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Petespockets55's Avatar
United States
5767 Posts
 Posted 08/30/2022  8:20 pm  Show Profile   Bookmark this reply Add Petespockets55 to your friends list Get a Link to this Reply
This was an auction put on every year by the State of Florida from the contents of "abandoned" safe deposit boxes.
When a box goes unpaid for two years the banks turn the contents over to the state. Jewelry, coins, collectibles, etc.

It is one fast paced auction, I'll tell you that.
Words of encouragement are one of the major food groups.
We need to consume them regularly to thrive and grow.
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