ANR Jewell $3 Auction follow-up

RYK

Article on Pinnacle website

Bustman

Interesting read. Seems like there were more than a few surprises in the sale.
$3 coins have always been one of my favorites.

Longacre

Interesting article. I think the release of the book will have an effect on the market and number of collectors as well.

RYK

I love $3's. I think that they are beautiful and historic, and the series is loaded with scarce and interesting dates. I have mostly dabbled in $3's (including my nearly-completed quest for the Civil War subset), but someday, when other collecting goals have been achieved, I would like to do the series in original AU.

I cannot wait to get the book!!!

goldbug

I've been a huge fan of three dollar gold for well over 20 years now. I knew they were extremely undervalued and not appreciated. I attempted to complete a set of these a few years ago in AU, but I found myself venturing off into other areas, which is the case for most of us. I still regret selling what I did have. I couldn't replace them at the prices of just two years ago, no matter how hard I tried. Still a great set and only 40 coins to collect. 2 coins per year and you have yourself a complete collection in 20 years. What a great set for a younger collector with a little extra cash.

Bill

Longacre

The prices are downright reasonable (in the lower AU grades at least). I wonder if anyone has been tracking the price trends over the last year and I would be interested to see how the pricing pans out for the coming year. Where are all of the chartists in the house?? DaveG where are you??

RYK

Bill,

I am glad that you replied here. Here is my highest graded $3 and one of the more interesting dates:



What I find fascinating is that despite the original mintage of 900, there are probably 200 or so (maybe more) survivors. That is an unusually high survival percentage for a 19th century gold coin.

Interestingly, the 54-D (the most expensive, but not rarest date in the series) has a mintage just north of 1000, but about 100-120 survivors. This is an unusually high survival percentage for a Dahlonega coin.

My guess is that the coins were also appreciated by people in the 1800's and/or they did not circulate as much because of the odd denomination. Hopefully, this question and many more will be answered in the upcoming book.

Robert

RYK

Longacre, I do not need a chart. Prices in Trends took a pretty hefty jump about two years ago. Actual pricing has caught up with Trends and for many issues, surpassed it.

goldbug

Robert,

I like the 1883 alot. Looks like a nice clean cheek. The 1883 holds a special place for me because it was my first $3 piece purchased. I've also noticed that comparing the original Bass book that came out about two years ago with the Jewell catalog, many of the surviving estimates have actually gone up. I don't know if this is due to Mr Winter bringing additional info to the table, or we just know more than a few years ago. The numbers haven't changed considerably, but they do differ a bit.

Bill