Three Cents, Silver, Coin Type from United States - detailed information

Three Cents, Silver, Coin Type from United States (issued 1851 - 1873)
Coin TypeThree Cents, Silver

The United States three-cent coin (also called a trime) was a short-lived denomination of a United States dollar.

It was a tiny silver coin at first; designed by James B. Longacre, the silver version was produced for circulation from 1851 to 1872 and for as proof only in 1873.

After a massive importation of gold bullion during the California Gold Rush, silver could be traded for increasing amounts of gold, so U.S. silver coins were exported and melted for their metal. This, and the reduction of postage rates to three cents, prompted Congress in 1851 to authorise a coin of that denomination made of .750 fine silver, rather than the conventional .900 (the rest of the content was copper). The three-cent silver was the first American coin to contain metal valued significantly less than its face value, and the first silver coin not to be legal tender for an unlimited amount. The coin saw heavy use until Congress acted again in 1853, making other silver coins lighter, which kept them in circulation. Congress also lightened the three-cent silver, and increased its fineness to .900 silver.

With the return of other denominations to circulation, the three-cent silver saw less use, and its place in commerce was lost with the economic chaos of the American Civil War, which led to hoarding of all gold and silver coins. It had circulated well while other silver coinage was being hoarded and melted, but once that problem was addressed, became less used and was abolished by the Coinage Act of 1873.

A bronze replacement was briefly considered in 1863, but the silver version was finally replaced with a copper-nickel coin first issued in 1865 (for several years, the two versions were issued in parallel).

The denomination was only struck by the Philadelphia Mint, with no mint mark, with the exception of the first year of issue (1851) when some of them were minted at the New Orleans Mint with mint mark O.

The series is not widely collected, and the pieces remain inexpensive relative to other U.S. coins of similar scarcity.

Obverse

At the centre of the obverse, a six-pointed star within which the Union Shield of the United States, with seven horizontal stripes above and six vertical stripes below, representing the 13 original states forming the United States.

Around, within a plain rim, the legend UNITED STATES OF AMERICA; below, the date of issue: [year].

There are three varieties based on the outline of the star:
- Type 1 (1851 - 1853) - single line
- Type 2 (1854 - 1858) - triple line
- Type 3 (1859 - 1873) - double line

Obverse Inscription UNITED STATES OF AMERICA [year]
Reverse

At the centre of the obverse, a large decorative letter C - abbreviated from "cent", within which the Roman numeral III for the value of 3 cents.

Around, within a plain rim, thirteen stars represent the 13 original states forming the United States.

1854 and later: Within the C and above the numeral, an olive spring symbolising peace; below, a bundle of three arrows bound by a ribbon, a symbol of war.

Reverse Inscription C III *************
EdgePlainEdge InscriptionNone
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Coin Type: Three Cents, Silver - (23) Coins
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Three Cents, Silver: Details
CountryUnited States
CurrencyUS Dollar
Sub-type ofThree Cents
From1851
To1873
Face Value3 (x Cent)
CurrentNo; withdrawn 1873
MaterialSilver
DesignerJames Barton Longacre
TechnologyMilled (machine-made)
ShapeRound
OrientationCoin Alignment (Axis 6)
Size
Mass