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3-Cent Silver Set Three Cent Silver no 1862/1, 23 Coins

Business Strike

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3-Cent Silver Set Three Cent Silver no 1862/1, 23 Coins

Business Strike

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Greysheet Catalog Details (GSID: 77935)

The 3-Cent Silver Set Three Cent Silver is part of a series of Three cent silver coins struck from 1851-1872. The specific variety is no 1862/1. Struck in Various and designated as a Business (MS) strike, this coin is made of 0.75 silver; 0.25 copper.
3 cent silver "trimes" were struck from 1851 through 1873 and were produced with the primary purpose of paying for postage, which at the time was 3 cents for a first-class letter mailed in the United States. While the "trime," designed by James B. Longacre, indeed became popular with the public for this reason, 3 cent coins also served a larger role in commerce, and the denomination circulated well for many years.

The 3-cent coin also has the reputation of being the nation's lightest coin, weighing in at only 0.80 grams upon its debut and eventually being scaled back to only 0.75 grams. There are three major varieties or subtypes within the series. These include the Type I, which was struck from 1851 through 1853 and has the plainest design and is also the most common design variant of the series. The Type II, struck from 1854 through 1858, exhibits a border around the obverse star and has greater ornamentation around the "III" on the reverse. Further border enhancements on the obverse star created the third and final subtype, which was minted from 1859 until the end of the series in 1873.

All regular-issue dates minted from 1863 through 1872 are extremely scarce, as most of the production from those years was melted in 1873. There are a few notable varieties, including the 1851 1/inverted 2 and 1862 2/1 overdate. Proofs were also made during most years the series was issued, and all of these proof issues are scarce. All of the 1873 pieces were struck only as proofs.
Obverse: A six-pointed star with a harp in the center is surrounded by UNITED STATES OF AMERICA on the periphery and the date positioned at the bottom.
Reverse: The roman numeral III is centered in the design ensconced in a large, bejeweled letter C surrounded by 13 stars on the periphery.

Catalog Details    Dealers Only

Catalog Detail

GSID: 77935
Coin Date: 3-Cent Silver Set
Denomination: 3cS / Three Cent Silver
Designation: MS
Mint Mark: P
Mint Location: Various
Coinage Type: Three cent silver
Coinage Years: 1851-1872
Composition: 0.75 silver; 0.25 copper
Variety: no 1862/1
Variety 2: 23 Coins
Strike Type: Business
Diameter: 14 mm
Fineness: 0.9
Weight: 0.75 gr
Coin Shape: Round
Designer: James B. Longacre
Obverse Lettering: UNITED STATES OF AMERICA, [Date]
Obverse Designer: James B. Longacre
Reverse Lettering: III
Reverse Designer: James B. Longacre
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All CDN prices are based on proprietary market knowledge and technology developed by CDN Publishing, LLC.

CPG® prices represent retail levels. Collectors should refer to CPG values as a starting place for their negotiations, or auction bid reference.

Greysheet/Greensheet prices are wholesale market levels for collectible coins/paper money intended to indicate what a dealer, or wholesale, buyer would pay for the described item in the specified grade. Greysheet/Greensheet represent "sight-seen" values based on a buyer's in-hand review. The actual value can be more or less than this depending on factors including eye appeal and market timing.

Bluesheet (NGC & PCGS) prices represent the highest sight-unseen offers to buy on dealer networks like CDN Exchange. In many cases, there are no active sight-unseen buy offers, so CDN looks to the recent lowest market values for such an item. For this reason, Bluesheet values typically represent the floor of the market for the specified item. CDN only tracks Bluesheet on certain items.

CAC prices are for U.S. coins that meet the standards of the Certified Acceptance Corporation. You can learn more about CAC on their web site.

Price movement is indicated for price changes in the last 30 days.

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