1883 Three Dollars Gold PCGS MS63
CAC. From a miniscule mintage of 900 pieces, this choice
uncirculated gold piece is one of an estimated 175 to
235 coins that exist in all grades.
The $3 gold series is one of the denominations which
qualify for the lowest average mintage for each date.
Especially in the last decade of production, mintages
for these gold pieces were scarcely over 1,000 coins.
Never very popular since their introduction in 1854,
these pieces scarcely circulated and were not needed
in general commerce, where the quarter and half eagles
served the need for commerce and trade.
Although its mintage would suggest otherwise, prooflike
coins are not as abundant as one would guess. For
some reason, the dies soon lost their polish, making
most coins somewhat dull in appearance. The present
coin is a true exception to this, as both obverse
and reverse are fully prooflike, indicating that this
was one of the first coins to come of these dies.
Approved and Stickered by CAC, the present specimen
was certified by PCGS in the early 1990’s, as
can be seen by the old green holder or OGH as they
are commonly referred to in the business. Popular
with all collectors, many of these coins are premium
quality and this piece is no exception. This coin
is nicer than the technical grade. Lustrous surfaces,
original and pretty yellow color shows on the sharply
struck devices. A premium quality coin of this very
scarce $3.00 gold issue!