1881 Nickel Three-Cent Piece (PMD) - Coin Community Forum

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Author	Replies: 6 / Views: 631
cptbilly Pillar of the Community United States 1970 Posts	Posted 08/21/2023 7:16 pm Does the amount of PMD make this just another small, old piece of scrap metal ? Report this Post to the Staff

Errers and Varietys Bedrock of the Community United States 74237 Posts	Posted 08/21/2023 7:31 pm It would get the Details grade. Errers and Varietys. Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 08/21/2023 8:11 pm Shame for sure. Report this Post to the Staff
cptbilly Pillar of the Community United States 1970 Posts	Posted 08/21/2023 8:14 pm Thanks for the feedback. So it's worthless, right ? Edited by cptbilly 08/21/2023 8:15 pm Report this Post to the Staff
pristine2 Pillar of the Community United States 1048 Posts	Posted 08/21/2023 9:42 pm Unfortunately it isn't worth much -- maybe a buck or two, if you could find a buyer. For some reason the Philadelphia mint abruptly cranked out more than a million nickel three-cent pieces in 1881, even though few people were using them (they're cool, but they're an objectively ridiculous denomination, whose existence was predicated entirely on the ephemeral price of a postage stamp). High-grade 1881s are readily available, and lower-grade, damage-free specimens are down-right plentiful. Just because it's unsaleable doesn't mean it is valueless, though. Edited by pristine2 08/21/2023 9:43 pm Report this Post to the Staff
cptbilly Pillar of the Community United States 1970 Posts	Posted 08/21/2023 10:21 pm @pristine2: Thank you the detailed response. Report this Post to the Staff
kbbpll Pillar of the Community United States 4233 Posts	Posted 08/22/2023 01:37 am Quote: but they're an objectively ridiculous denomination, whose existence was predicated entirely on the ephemeral price of a postage stamp Not so ephemeral. They would have bought a 3c stamp until 1883 when the price went down to 2c, then they were change from a nickel for a 2c postage stamp until 1932 (excluding 1917-1919 when stamps were 3c under War Emergency), and they would have bought a 3c postage stamp again from 1932 until 1958. Whether they lived up to the intent is questionable, but the intent was sound. Report this Post to the Staff
	Replies: 6 / Views: 631

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