||1887 $3 AU58 NGC. CAC. The Mint continued to produce three dollar gold coins throughout the 1880s, albeit in reduced quantities, despite minimal demand for the unpopular denomination. With a mintage of 6,000 coins, the 1887 three dollar issue represents the pinnacle for 1880s production. Nevertheless, the date's attrition rate is higher than that of any other in the decade. The likely culprit is the Philadelphia Mint, which sent a majority of the undistributed coins to the melting pot. This near-Mint survivor features attractive khaki-gold surface coloration with occasional peach-gold accents. The date and legends are boldly impressed, while slight blending occurs over the hair curls and lower wreath. Marks are generally insignificant. A thin, shallow graze extending diagonally from Liberty's eye is noted for accuracy. Ex: Eric P. Newman Numismatic Education Society.
Realized $2468.68. Description courtesy of Heritage Auctions.