Three Cent Silver (1851-1873)
The 3-Cent Silver while was produced by the U.S. Mint from 1851 to 1873 in identical restrict quantities. This coin has an matter to history, and came about due to the lower of postage rates from five cents to three cents in 1851. The 3-Cent flatware assemble was initially produced with 75 percentage ash grey and 25 percentage copper in ordain to try to discourage the melt of the coins for their silver content. These silver coins, sometimes referred to as “ pisces scales, ” are the smallest coins always produced by the U.S. Mint. In fact, these coins have a smaller diameter than a mod dime bag and weighed in at lone 4/5 of a gram .
In 1854, the coin ’ second constitution was changed to include 90 percentage silver in an try to encourage circulation, while the mint ’ south weight actually was decreased to only 4/5 of a gram through a decrease in the mint ’ mho thickness .
3-Cent coin values can start at $ 20 and go up cursorily from there depending on mint class, condition and other factors .
3-Cent Silver Values and What Dealers Pay
The respect of a silver 3-Cent piece can vary based on several factors. While an 1851 3-Cent silver assemble in well condition may be valued around $ 20, an 1855 in uncirculated circumstance may fetch closely $ 600. If you have a 3-Cent musical composition from a craved year or a coin that appears to be in very well-preserved condition, you may want to have your coin graded by a professional mint grading company such as PCGS or NGC.
These grading services will put your coin through a rigorous inspection process to accurately gauge the coin ’ s stipulate. They will besides verify the mint ’ randomness silver content and authenticity. By having your coin graded, you can rest assured knowing that you have great mind as to the coin ’ s clean marketplace respect based on its condition, year and other factors .
3-Cent Silver Value is Conditional
Because discipline has such a meaning affect on a coin ’ second prize, you will decidedly want to closely examine your 3-Cent nibble. One easy direction to try to gauge the coin ’ sulfur stipulate is through a close ocular inspection. A great way to start this process is by picking some of the mint ’ south details to compare. For example, you can look at the mint ’ s shield on its obverse. If the carapace is significantly eroded and is smooth to the touch, the coin may be in good discipline. If the shield however looks reasonably robust but has some rebuff wear and tear, the coin may potentially be assigned a grade of fine. If the shield looks to be hot off the presses with no ocular signs of wear, damage or stain, then the coin could potentially be in extremely fine condition. needle to say, you will besides want to thoroughly audit other details on the coin such as any text or other imagination. This is time well-spent considering that the coin ’ s stipulate can have a huge impact on its value to dealers and collectors.
Find the 1851-0 Mint Mark
The coin ’ sulfur mint grade can be found on its reverse. This coin is a front-runner among dealers and collectors because the 1851-0 is the only 3-Cent silver slice that was minted at a branch location and not in Philadelphia where all other 3-Cent silver pieces were produced. These coins may be valued at $ 25 for a mint in dependable condition. A coin in uncirculated circumstance may be valued around $ 400 .
3-Cent Silver Values in the Future
The values for 3-Cent argent pieces may potentially climb over the years. As these coins long time promote and as they become more difficult to find, dealers and collectors may be volition to pay more to acquire them. many of these coins, even in uncirculated condition, are very low-cost and can therefore be purchased by both season collectors vitamin a well as those new to coin collecting.
All Market Updates are provided as a third gear party analysis and do not inevitably reflect the denotative views of JM Bullion Inc. and should not be construed as fiscal advice .