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A "Short Set" Type III Gold Dollars

Category:  Series Sets
Owner:  BillJones
Last Modified:  1/11/2017
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Slot:
Origin/Country: United States
Design Description: GOLD DOLLARS
Item Description: G$1 1889
Grade: PCGS MS 64
Research: View Coin
Owner Comments
The Type 3 gold dollar design corrected the strike problems that had plagued the previous design. Aside for some poorly made coins that the Charlotte and Dahlonega mints issued, these coins are almost always sharply struck.

James Longacre adapted his design for the $3 gold piece for this coin. Although it is quite attractive, it is yet another example of the odd American practice of depicting a Causation woman wearing a Native American headdress.

The Civil War broke out only a few years after the mint introduced the Type 3 gold dollar. During the war all gold coins were extensively hoarded because they were worth more in paper currency than their face value.

Following the war, the U.S. monetary system continued to be in chaos. For a while dollars in gold, silver and paper all had different values or buying power in the economy, and gold was usually considered to be the most reliable. From the end of the Civil War until 1889 when Congress ended the issuance of the gold dollar, few of the coins were seen in circulation. As a result mintages were low, and most of the surviving coins are in Mint State or very close to that level of preservation.
Slot:
Origin/Country: United States
Design Description: GOLD DOLLARS
Item Description: G$1 1888
Grade: PCGS MS 65
Research: View Coin
Owner Comments
With a high mintage for the series of 15,501, the 1888 gold dollar is a fairly common coin. It has been estimated that 2,000 examples of that mintage still survive. The coin displayed above is a very attractive Gem Uncirculated example with strong luster. Estates are that there are 700 example of this coin that grade MS-65 or higher.
Slot:
Origin/Country: United States
Design Description: GOLD DOLLARS
Item Description: G$1 1887
Grade: PCGS MS 65
Research: View Coin
Owner Comments
The 1887 gold dollar, like the other gold dollars minted in the 1880s, is usually found in high grade with highly reflective surfaces. The coin displayed above is not exception.
Slot:
Origin/Country: United States
Design Description: GOLD DOLLARS
Item Description: G$1 1886
Grade: PCGS MS 65
Research: View Coin
Owner Comments
The 1886 Gold dollar is usually found in high grade. Oddly enough I have had a difficult time finding these gold dollars in the MS-65 grade. "Grade-flation" has turned many for MS-65 graded coins into MS-67 graded pieces.

This attractive example just makes the MS-65 grade in my opinion, but if you compare it to other MS-65 coins in my set, you will see that it is not as nice.
Slot:
Origin/Country: United States
Design Description: GOLD DOLLARS
Item Description: G$1 1885
Grade: NGC MS 66
Research: View Coin
Owner Comments
Like all of the other gold dollars from the 1880s, the 1885 gold dollar is mostly found in high grade with P-L surfaces. The is relatively common in Mint State, but like the other coins from the 1880s, with the exception of the 1889, I have not seen a large number of these coins offered for sale at the major shows.
Slot:
Origin/Country: United States
Design Description: GOLD DOLLARS
Item Description: G$1 1884
Grade: PCGS MS 63
Research: View Coin
Owner Comments
Despite its status as a "common date," I have found the 1884 gold dollar to be the most difficult date to find among the pieces dated in the 1880s. I had tried on several occasions to buy an example of this in the major auctions only to be left "choking in the dust" behind those who were will to pay a few thousand dollars above my bid for pieces grading MS-65.

This coin is "only" an MS-63, but it stacks up well against the MS-65 graded pieces that surround this piece in my collection. It has the P-L surfaces that are often found on the low mintage gold dollars from the 1880s, and the marks on the coin, which account for the MS-63 grade, are not distracting during a "naked eye" examination.
Slot:
Origin/Country: United States
Design Description: GOLD DOLLARS - PROOF
Item Description: G$1 1883
Grade: PCGS PF 65 CAMEO
Research: View Coin
Owner Comments
The Type 3 gold dollar design corrected the strike problems that had plagued the previous design. Aside for some poorly made coins that the Charlotte and Dahlonega mints issued, these coins are almost always sharply struck.

James Longacre adapted his design for the $3 gold piece for this coin. Although it is quite attractive, it is yet another example of the odd American practice of depicting a Causation woman wearing a Native American headdress.

The Civil War broke out only a few years after the mint introduced the Type 3 gold dollar. During the war all gold coins were extensively hoarded because they were worth more in paper currency than their face value.

Following the war, the U.S. monetary system continued to be in chaos. For a while dollars in gold, silver and paper all had different values or buying power in the economy, and gold was usually considered to be the most reliable. From the end of the Civil War until 1889 when Congress ended the issuance of the gold dollar, few of the coins were seen in circulation. As a result mintages were low, and most of the surviving coins are in Mint State or very close to that level of preservation.

The 1883 Proof gold dollar shown above is a very attractive example of this specially produced 19th century collectors' item. The mirrored fields are very bright and clean, and the frosted devices are sharp and clear which results in a stunning display. The mintage was 207 pieces. Today it is estimated that 70 of these Proof coins still survive with 25 in PR-65 or better.
Slot:
Origin/Country: United States
Design Description: GOLD DOLLARS
Item Description: G$1 1882
Grade: PCGS MS 65
Research: View Coin
Owner Comments
With a mintage 5,000 pieces, the 1882 gold dollar is scarce coin, but given the relatively high survival rate of 750 pieces (15% of the original mintage) the coin is not overly scarce. Like the gold dollars from the 1880s almost all of the surviving coins are high quality, and this piece is no exception. It is a strong MS-65 with close to Proof-Like luster.
Slot:
Origin/Country: United States
Design Description: GOLD DOLLARS
Item Description: G$1 1881
Grade: NGC MS 67
Research: View Coin
Owner Comments
The Type 3 gold dollar design corrected the strike problems that had plagued the previous design. Aside for some poorly made coins that the Charlotte and Dahlonega mints issued, these coins are almost always sharply struck.

James Longacre adapted his design for the $3 gold piece for this coin. Although it is quite attractive, it is yet another example of the odd American practice of depicting a Causation woman wearing a Native American headdress.

The Civil War broke out only a few years after the mint introduced the Type 3 gold dollar. During the war all gold coins were extensively hoarded because they were worth more in paper currency than their face value.

Following the war, the U.S. monetary system continued to be in chaos. For a while dollars in gold, silver and paper all had different values or buying power in the economy, and gold was usually considered to be the most reliable. From the end of the Civil War until 1889 when Congress ended the issuance of the gold dollar, few of the coins were seen in circulation. As a result mintages were low, and most of the surviving coins are in Mint State or very close to that level of preservation.

The 1881 gold dollar shown above is a superb MS-67 example with proof-like surfaces. Although Mint State 1881 gold dollars are not rare, this piece is outstanding.


Slot:
Origin/Country: United States
Design Description: GOLD DOLLARS
Item Description: G$1 1880
Grade: PCGS MS 65
Research: View Coin
Owner Comments
With a mintage of only 1,636 coins, including the Proofs, many collectors have been drawn to the 1880 gold dollar. Despite that mintage, many of these coins were saved in high grade. As a result the coin is not nearly as difficult to find and purchase as one might think. Still I've found that collectors tend to hold on to this date. It might take some time to locate the right coin at the right price.

Overall "Coin Facts" survival estimate states that 1,000, 1880 gold dollar have survived with 975 of those in MS-60 or better. Even more surprising is the claim that among those 975, 650 of them grade MS-65 or better. Clearly this is a coin that "comes nice" when you are able to locate it.

The coin above is a very attractive example with P-L surfaces. There are virtually no post mint marks on this piece. The "tick mark" to the right of the letter "D" in "UNITED" is actually a tiny planchet fleck that was on the piece at the time it was struck.

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