Coin Specifications

Category: Three Dollar Gold (1854-1889)
Mint: Philadelphia
Mintage: 5,000
Catalog: KM-84
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Gold
Fineness: 0.9000
Weight: 5.015g
AGW: 0.1451oz
Melt Value: $194.22 (7/28/2016)
Diameter: 20.5mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
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1888 $3 MS obverse 1888 $3 MS reverse


  
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VarietyPlus®

There are no NGC varieties for this coin.

Description & Analysis

The 1888 is one of many issues within the three dollar series with enticingly low mintages. Only 5,000 pieces were struck, which, if put into perspective, is only 5% of the mintage of the 1893-S dollar. It is true that the 1888 circulated little, since survivors are more often found in Mint State than in worn condition. It is also true that the majority of the issue has likely been melted, since the combined NGC and PCGS population is less than 1,000 pieces, which undoubtedly includes a large number of resubmissions over the past twenty years. The MS62 to MS64 grades account for a sizeable portion of Uncirculated 1888 examples. Gems are scarce, and Premium Gems are rare. Speculators often gravitate toward the 1888 because of its low mintage, which is only about 6% of the 1878 type coin. Yet the 1888 trades for only a small premium above type prices. Shrewd gold type collectors often select the 1888, since it provides greater value than the 'common' 1878.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

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Price Guide

Last Updated: 10/2/2015

Click on a price to see historical prices, comparison charts and trends.

1888 $3 MS
  GVGFVFXF505355586061626364656667686970
Base $ 400 515 580 910 1350 1850 2050 2300 3100 3375 3900 4200 5150 6750 14500 26000 85000 - - -
$ - - - 2500 3200 - - - - 8000 - 43000 - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 503
Low Grade: F
Average Grade: 61
High Grade: 66


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
11/28/1998 PCGS MS 66   Teletrade Auction 1109, 1109/Lot# 1129 $18,375.00
12/8/2010 PCGS Genuine Genuine   Bonhams Coins and Banknotes, 18404/Lot# 2323 $1,638.00
5/29/2011 NGC MS 65   Goldberg May 29 - June 1, 2011 The Pre-Long Beach Auction of US, World Coins and Currency, 63/Lot# 1484 $14,375.00
7/8/2012 PCGS Genuine Genuine   GreatCollections GreatCollections Coin Auctions 07/08/2012, 30/Lot# 54952 $550.00
1/9/2013 PCGS MS 66   Heritage Auctions 2013 January 9-13 US Coin FUN Signature Auction - Orlando Session(4), 1181/Lot# 5837 $19,975.00
4/24/2013 PCGS MS 64   Heritage Auctions 2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago Session(7), 1184/Lot# 5725 $6,462.50
8/30/2013 NGC MS 64   Stack's Bowers The September 2013 Philadelphia Auction, 195/Lot# 3393 $6,168.75
11/2/2014 PCGS AU 58   David Lawrence Rare Coins Internet Auction # 828, 837/Lot# 10617 $2,400.00
7/7/2016 NGC Details AU Details  Heritage Auctions 2016 July 7 - 10 Summer FUN US Coins Signature Auction - Orlando Summer FUN Session(5), 1237/Lot# 7890 $940.00


NGC Registry

NGC Registry Score 1888 $3 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base8709339971066113813811526165818011890201620942268269934273712487657478686109281479020385
8919541020109012191429157017051830193220422152241129413522410051666726943312215166550
00000015701705183019322042215224112941352241005166672694331221500
000000161417531860197420682210255531843617448854567706101801350200
1888 $3 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base333774108112841450160017941913207621782323264834743823478363249478119063041448884
33260876114813391500166418331967211022262431292335904143529673751028718075365700
000000150016641833196721102226243129233590414352967375102871807500
000000155017291873202121442274253931983706446358108426110962424400
Registry Image Gallery
Grade: MS 62
Points: 2699
Owner: Whidbey Island Collection
 
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