The 1854-D $3 has a surprising survival percentage compared to other $3's
given its low mintage. Herein, I have included the survival percentage of all dates in the series, except the 1870-S, which has a survival percentage of 50% (two struck, one known survivor)!
I offered the 54-D $3 as an example of a coin with a relatively high surviving population of a low reported mintage.
Mr. Lustig countered:
However, compared to other $3 gold pieces, the 54-D probably has a lower than average survival rate.
And then RYK:
Certainly the 54-D $3 has a lower survival rate than the low mintage 1880's issues, which were saved by collectors at an extraordinary rate.
Well, I did my research and am reporting back. Using the recent Bowers/Winter reference on $3 gold pieces and their high estimated survival population, I have calculated the percent survival for each circulation strike issue (except the 70-S). As expected, for its era, the 1854-D $3 had a very high survival percentage, the highest until 1871. At this point, two things happenned: 1) The coins had become unpopular for circulation; 2) Thomas Elder and other 19th century numismatists were aggressively acquiring them.
Here's the data (date/MM issue, % survival):
1854: 5%
1854-D: 15%
1854-O: 2%
1855: 2%
1855-S: 3%
1856: 3%
1856-S: 2%
1857: 2%
1857-S: 2%
1858: 7%
1859: 5%
1860: 6%
1860-S: 2%
1861: 5%
1862: 4%
1863: 6%
1864: 8%
1865: 10%
1866: 6%
1867: 6%
1868: 10%
1869: 10%
1870: 8%
1871: 20%
1872: 12%
1873: 15%
1874: 14%
1877: 8%
1878: 18%
1879: 24%
1880: 22%
1881: 30%
1882: 21%
1883: 26%
1884: 11%
1885: 27%
1886: 20%
1887: 5%
1888: 15%
1889: 17%
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