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 Replies: 21 / Views: 2,954 |
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Valued Member
China
141 Posts |
Hello everyone, Three Cent Silver and neickel circulated at the same time.Will the 3 cent silver melt?And why the government did that? I appreciate all of your answers! Here is my neickel.   |
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Pillar of the Community
Russian Federation
1557 Posts |
To put it very briefly, during the Civil War, people put silver in a box for safekeeping, silver is a precious metal and in times of instability it was good to have hard currency gold and silver, later the government realized this and it needed to fill the circulation of coins with a nominal value of 3 cents, so nickel coins appeared.
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Moderator
 United States
56855 Posts |
Wan, Make sure to flatten those staples so you do not damage other coins in 2x2's when you stack them. John1  |
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Pillar of the Community
United States
1484 Posts |
As Slerk mentioned, the silver (75% from 1851-1853; 90% silver thereafter) was hoarded. Notice very few silver 3 cent pieces were minted after 1862. Production of the "3 cent nickel" began in 1865. At a weight of 0.75 to 0.80 gram, it would have taken a lot of silver 3 cent pieces to add up to much!
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Bedrock of the Community
United States
94367 Posts |
Don't melt your 3 cent silvers!  |
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Pillar of the Community
United States
1173 Posts |
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Valued Member
 China
141 Posts |
@Slerk You mean people diden't want to spend their silver and gold coins?
Thank you!
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Valued Member
China
141 Posts |
@John1 I really haven't realized this yet! I think I will need to buy a press!hahahaha
Thank you!
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Valued Member
China
141 Posts |
@Halfamind Can I understood as the government began to prepare for the csating of Three Cent neickel.And melting them didn't bring much benefit? I really didn't catch a sight of Three Cent Silver after 1862 today! And I've bought a 1852 online!Yeah! |
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Valued Member
China
141 Posts |
@Coinfrog I just bought one today.I can't bear to part with the tiny coin after I receiving it hahahahahahaha!!!
Thank you!
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Valued Member
China
141 Posts |
@Kenwright396 I enjoy appreciating my coins at home.These days I am blocked by the epidemic and I can't go outside.It'll be boring without coins.
Thank you!
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Pillar of the Community
United States
1484 Posts |
@wan — enjoy your 3 cent coins — a great piece of history. It is human nature to hoard precious metals in times of war and crisis, even though it would take more than 40 of the tiny silver Three Cent coins to make one ounce of silver. |
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Pillar of the Community
United States
1656 Posts |
I really like those Three Cent Nickels, I'd do a set except the 1885 looks pretty daunting! |
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Valued Member
United States
94 Posts |
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Pillar of the Community
United States
751 Posts |
I also think the extremely small size of the Three Cent Silver pieces made them a lot less popular. I prefer the Three Cent Nickel too--you can get gorgeous proof ones for not so much money! |
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Valued Member
China
141 Posts |
@halfamind Good morning!1865 is a civil war year.And this makes this coin more hitoric.The silver one is rquite smal.No wonder these small silver pieces have been preserved.
Thank you!
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Replies: 21 / Views: 2,954 |
Posted 09/10/2022 02:20 am
