$3 1883 AU 58 PCGS
Nearly mint. Well struck. Pleasing surfaces. PCGS has certified 31 coins at this level with 93 finer. Another popular rarity from the later Three-Dollar gold series, the business strike 1883 is entered in the Mint Director's report from that year as having been produced to the extent of just 900 pieces. This issue did not circulate to any great extent, the Three-Dollar denomination having long since expired as a useful medium of exchange. Even so, the vast majority of the 100-150 coins believed extant are circulated, with AU being the grade most often encountered in numismatic circles. Why this is will forever remain a mystery, although Bowers and Winter (2005) opine that most survivors of this issue are former gifts, souvenirs or keepsakes that were mishandled by their initial owners.