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Three Cent Silver (1851 - 1873)

Three Cent Silver (1851 - 1873) - 1
Three Cent Silver (1851 - 1873) - 2

Image Courtesy of Professional Coin Grading Service (PCGS.com)

Three Cent Silver (1851 - 1873)

Overview

The Three Cent Silver coin, which was produced from 1851 to 1873, is one of the most interesting parts of the history of U.S. coins. This little currency was developed to make it easier to conduct small transactions during a time when people were hoarding silver coins. It played an important part in American trade.

The U.S. Mint manufactured these tiny coins, which are the tiniest coins ever made by the Mint. They were officially called "Trimes" and colloquially called "fish scales." These coins have a smaller diameter than a current dime and weigh in at only 4/5 of a gram. Because of its one-of-a-kind design, historical importance, and limited number of coins produced, it is now a highly sought-after collector's item.

Design

James Barton Longacre, who served as the Chief Engraver of the U.S. Mint, was the designer of the Three Cent Silver coin. Because of its modest size and complex design, it is a one-of-a-kind example of American numismatics.

  • Obverse: The national shield is in the centre of a six-pointed star.
  • Reverse: A huge Roman number III is shown in the centre of a wreath.

Important Dates and Significant Varieties

The Three Cent Silver coin is quite popular with collectors because of its many different types and important dates:

  • 1851 (First Year of Issue): This is the first year of issue, therefore it is in high demand.
  • 1854-1858: Includes a new design that has an olive branch and letters that have been changed.
  • 1863-1872: These years are less common because of a decrease in demand, which led to lower mintages.
  • 1873 (Final Year): Only struck as proofs, which makes them very precious.

Value of Collection and Investment

The Three Cent Silver coin is still a popular choice for collectors since it has a brief mintage era and is historically significant. You will want to thoroughly study your 3-Cent piece because the condition of a coin has such a huge effect on its worth.

A close visual inspection is one simple method for determining the condition of the coin. One of the best ways to begin this process is to select a few features of the coin to compare. For example, you can glance at the coin’s shield on its obverse. The coin might be in good shape if the shield is worn down and feels smooth when touched. You should also carefully examine other features on the coin, including any writing or other images.