Coin Values Moving with Precious Metals: Up-Dated 10/19/2020: Gold $1905 | Silver $24.20
3 Cent Coin Values
Demand from collectors supports strong 3 cent coin values. Minted in two distinct designs and metal varieties; silver and nickel alloys. A step by step approach determines how much all dates, varieties and the different series are worth.
Steps Leading to Value:
- Step 1: Recognize the Different Series of 3 Cent Pieces - Minted in both silver and nickel alloys, each is valued by collectors differently.
- Step 2: Date and Mintmark Variety - Within the series, dates become important to value. Identify all dates for each series.
- Step 3: Grading Condition - Judging condition is the next and very important part. Images and descriptions are used to compare your coin and determine its condition.
- Step 4: Special Qualities - Old Silver and three cent nickel coins often display certain qualities that potentially raise and sometimes lower value.
How to determine the value of a three-cent piece starts with identifying the correct series and variety. Match your coin to the images below to verify.
Note: Images within blue borders are Links to in-depth values of specific series.
Step 1: | Recognize the Different Series of Three Cent Coins
Three Cent Silver Value
These small three cent silver pieces are a unique US coin series. Popularity is somewhat diminished by the size, however those interested in the series quickly realize their scarcity. Smallest size US coin, silver alloy, and most dates fundamentally scarce. Minted 1851 to 1873, all are inspected closely because of value potential.
Three Cent Nickel Values
Introduced later than their silver denomination, three cent nickels enjoy a solid collector base. Identifying dates are especially important; many are very scarce. Beginning in 1865 and minted through 1889, numbers coined gradually declined over the years. Available numbers today reflect only a small percentage were saved. Value chart points to the rare and scares issues. A well struck, well preserved thee cent nickel is highly valued by collectors.
Step 2: | Date Plus Variety are Identified
Specific dates begin to narrow value range of the old coins. Each series experienced years of high production numbers, with multi-million examples struck for the year and very low mintage years. 1865, first year of 3 cent nickels, Philadelphia mint struck over 11 million, a huge initial supply. By 1871 well under one million were needed yearly, and the need for a thee cent domination was declining. Original mintages limit availability today and value reflect their scarcity.
Three cent silver pieces followed a similar tapering of mintages per year as the nickel series. First years of coinage saw 1852 with a mintage over 18 million. Adding supplies of the nickel series in later years required fewer of the silver variety. During the ending years of the silver pieces only a few thousand were minted per year. Values of both series are very date specific.
🔎Step 1 above are image links to match your coin. Visit the series page for value charts and details on how to value your old three cent pieces.
Step 3: | Grading Condition | 3 Cent Coin Values are Conditional
Grading a coin is the process of examining the surface and judging its preservation. The amount of wear, if any, is judged and compared to standards. Grades, denoting condition, are assigned to the amount - stages of wear visible. Three cent silver and nickel pieces have different wear patterns and are visually different when examined and compared to images.
Mint State Grade: A coin that never circulated and received wear is considered Mint State Grade. Highest points of the design, in the case of 3 cent silvers, ridges of the central star are examined for signs of smoothing. Luster is the first element of mint state grade to show wear. Imparted at minting, luster is a fine grain (texture) of the metal, reflecting light and giving the coin its shine. Each series is examined in detail in the grading section.
Extremely Fine Grade: Light wear is just noticeable to a coin in Extremely Fine grade. On 3 cent nickels, Liberty's hair is worn slightly above her forehead. Most luster is gone from the surface of the entire coin. Tilt the coin under a light and a small amount of luster is sometimes found within the lettering of the legend.
Fine Grade: Wear is obvious, flattening the delicate high relief details. Moderate wear is fading most of the design. High ridges to the star on 3 cent silver pieces and Liberty's cheek on 3 cent nickels are displaying noticeable wear and flatness.
Good Grade: A very worn condition coin. Good grade notes a coin with most of the design now missing. Majority of the surface is flat with just the deepest contours remaining. Liberty on three cent nickels is an outline with only traces of her hair recognizable.
🔎Step 1 image and text links lead to series pages covering grading in detail. Close-up images and descriptions of grades are used to judge condition. The many subtle points to grading these coins are examined.
Step 4: | Special Qualities Enhancing Value
Collectors and their interests in collecting three cents pieces is the base to their value. Many of these coins are affordable in circulated condition attracting beginning and new collectors. Although all are somewhat scarce, the supply is enough to satisfy the demand. A collection of either the silver or nickel issues is a worthy set of coins.
A small 3 cent silver piece overcomes its size with the help of aesthetic qualities. Eye appeal is a strong consideration to collectors, often the deciding factor in choosing a coin.
Light wear is noted on the coin, however not wide spread. Toning of the silver is light and deepens towards the rims, framing the designs. A pleasing coin.
A date run three of cent nickels is often assembled of coins in Extremely Fine grade. With only light wear, each coin remains well detailed and pleasing.
Notable about the thee cent nickel imaged is a lack of distracting marks. Both obverse and reverse are nicely detailed, Liberty is bold, ribbon in her hair is easily seen. All leaves in the reverse wreath are sharp. An even toning to the surface with deeper tones in the recesses is adding to the "look" of the coin.
Special qualities adding appeal improves marketability. Aesthetics transfers solid value to three cent pieces.
🔎Match your coin to the image links in Step 1 and visit; how to determine in-depth 3 cent coin values
US Mint. 1892 US Mint Annual Report
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