SCARCE 1870 THREE DOLLARS

Only 3,500 business strikes were made and this issue was one of the final years of this denomination that actually saw some degree of circulation. It is scarce in properly graded AU58 and very scarce in Uncirculated with most of the 50 or so known in Mint State fall into the 60 to 62 range.

This Gem slider shows just the slightest amount of friction on the high spots but it has the skin and appearance of a full MS61 to MS62 coin. It is frosty and well detailed with pleasing natural russet hues on the obverse and the reverse. The surfaces are clean and wholesome and the quality is far, far above average for the grade/

The last auction appearance for a CAC approved AU58 was an NGC coin which sold for $3,055 as Newman V: 3258 in November, 2014. A CAC approved PCGS AU58+ brought $3,738 as Heritage 3/12: 4012.

There are lots of good values in the Three Dollar series and I feel that at its current levels this 1870 is clearly in that category.

CAC has approved 15 in this grade with five finer.