Why the price differential? 1863 3CS
stealer
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Are these hot commodities in circ grades?
https://coins.ha.com/itm/a/1251-3417.s
https://coins.ha.com/itm/a/1233-3606.s
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Yes! All the later date 3 cent silvers are more common in proof. I hope I didn't misstate your intention as I assumed and don't have time to open the links!
One is an AU58 and the other is an MS64. The AU58 sold for almost double that of the 64.
It could be the influence of the PCGS Set Registry "Everyman" Collections, which do not allow grades above AU-58:
https://pcgs.com/SetRegistry/everyman-collections/two-three-cents/everyman-three-cent-silvers-1851-1872/2563
I suppose with this type of price inflation, the top sets may no longer affordable by "everyman" anymore?
Twice in recent auction records, 1863 AU-58 specimens sold for more than MS-65 and even MS-66 specimens:
https://pcgs.com/auctionPrices/details/1863-ms/3682/3682
Ahha! That's what I deal with with my Barber Half's! A couple of my 58's I could've bought a 66 for!
In addition to the over-all rarity of the coins (as few as 3,000 mintage and most melted in 1874), there are also very few certified in circulated grades.
1 @ XF40
1 @ AU50
3 @ AU53
2 @ AU55
3 @ AU58
out of 98 certified
ANA 50+ year/Life Member (now "Emeritus")
Author: 3rd Edition of the SampleSlabs book, https://sampleslabs.info/
Hijack this thread a little bit. The 1868 3cs is another extremely case. You can take a look the auction prices vs. PCGS guide price. You can also see AU58 1868 3cs price. Many AU58 have higher hammered prices than 63 or 64 could realize.
It makes me wonder if people have been tempted to crack out an MS-64, rub it a little, and resubmit hoping for an AU-58.
It has been discussed here before (2013 thread):
https://forums.collectors.com/discussion/893030/1897-s-barber-half-au58-or-ms66
Eye appeal would be my answer...a year difference between the auctions could definitely play a factor as well as the audience.
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Interesting... I would prefer the 64 coin.... especially at the more reasonable price....
Cheers, RickO
Which is pretty much how it is for low mintage Philly half dimes, dimes, quarters of the 1863-1869 period.