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Lot
30132

1885 3CN MS66 NGC. CAC....

2014 June 23 The Eugene H. Gardner Collection of US Coins Signature Auction - New York #1213

 
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Auction Ended On: Jun 23, 2014
Item Activity: 8 Internet/mail/phone bidders
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Location: Ukrainian Institute of America at The Fletcher-Sinclair Mansion
2 East 79th Street
New York, NY 10075

Description:
1885 Three Cent Nickel, MS66
Series Key, Only Two Numerically Finer
1885 3CN MS66 NGC. CAC. This Premium Gem 1885 three cent nickel is among the few finest certified, an unquestioned business strike with fields that show only a hint of reflectivity from new dies. The strike is full throughout and the surfaces are mostly brilliant, although contrasted against a glint of color.

Population Data (4/14): This MS66 NGC piece is tied for finest with five others in this same grade. PCGS has seen 11 submissions in MS66 (including one Plus coin) with two MS67 finer. Of the total 16 in MS66 between both services combined, CAC has approved only three with the green label.

Heritage Commentary: By the time this coin was struck, the three cent nickel series had far outlived its usefulness, and it would end with a whimper some four years later, in 1889. The 1885 three cent nickels and five cent nickels in business strike format are the keys to their respective series, although in truth the three cent nickel has a mintage that is far and away smaller than the five cent. Both series saw proof mintages recorded at 3,790 -- the number of minor proof sets produced -- but while the five cent piece saw nearly 1.5 million business strikes, the three cent production was a minuscule 1,000 coins for circulation. (Registry values: N2998) (NGC ID# 275G, PCGS# 3753)

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