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    by Published on 01-06-2010 05:25 AM     Number of Views: 23596 
    Categories:
    1. Silver
    content/attachments/55-1851-3cs-o-jpg.html

    Type I, No Outlines Around Star

    Designer: James B. Longacre. Diameter: 14mm. Composition: 75% silver, 25% copper. Weight: .80 grams. Edge: Plain.
    Minted: 1851-1853. Total Circulation Minted: 36,230,00. Total Proofs Minted: <15 estimated.
    Obverse: Six Point Star. Reverse: Roman Numeral III.

    The Coin Act of March 3, 1851 gave way to the silver three cent. The United States Treasury and Congress agreed upon minting the coin partially due to the fact that stamps at the time cost 3 cents, decreased from the previous postage rate of five cents. Before the three cent piece was used, purchasing a postage stamp always meant needing to use multiple coins, or to receive coins back as change. The silver three cent was meant to change this, and purchasing stamp would only require one coin per stamp. At the same time, the three dollar gold was released, since stamps were usually sold in sheets of one hundred.
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    by Published on 01-01-2010 11:31 AM     Number of Views: 21956 
    Categories:
    1. Nickel
    content/attachments/41-3cn-1873-o-jpg.html

    Designer: James B. Longacre. Diameter: 17.9mm. Composition: 75% copper, 25% nickel. Weight: 1.94 grams. Edge: Plain.
    Minted: 1865-1889. Total Circulation Minted: 31,332,527. Total Proofs Minted: 75,000 estimated.
    Obverse: Liberty Head. Reverse: Roman Numeral III inside laurel wreath.


    The first year the nickel three cent was minted - 1865 - over eleven million were minted. However, the popularity of the three-cent never took off since many people would use Indian Head cents and Two-Cent pieces. Furthermore, the Shield Nickel was produced a year after the nickel three-cent piece first came to be! In 1866, only a little less then five million were produced (4,801,000). The mintage slowly declined, and remained low throughout the rest of the lifespan of the series. In 1877 and 1878 only proofs were struck. For some reason, the mint felt that more then a million pieces had to be struck in 1881, the only year near the end of the coins life that had a mintage exceeding a million. The nickel three cent was only minted in Philadelphia, and there are no design changes through the series except for a larger date on the 1889 strikes.
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