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1851 Silver Three-Cent Piece. MS-67 (PCGS). CAC.


Sold $4,500.00


DESCRIPTION
Superb Gem 1851 Three-Cent Silver
Nearly Finest Certified
CAC Approved


1851 Silver Three-Cent Piece. MS-67 (PCGS). CAC.
A richly frosted Superb Gem with brilliant centers and hints of olive and teal iridescence in the peripheries. Though the focal elements show a slight softness, the overall motifs are bold and uniform, untroubled by blemishes. The fields maintain this serenity, offering a satiny and smooth complexion that appears untouched beneath a glass. This piece is a beauty to experience in-hand and ranks among the finest survivors of the issue, with just a single coin graded finer at PCGS.
Authorized by the Act of March 3, 1851, the silver three-cent piece was initially produced in an alloy of 75% silver, 25% copper. The reduced silver composition of these coins made them an instant success in commercial channels, where replacements were eagerly sought for old tenor half dimes, dimes, quarters and half dollars struck in standard silver (90% silver, 10% copper) that were being withdrawn from circulation due to rising silver prices. While the usefulness of this denomination would wane with the onset of the Civil War, with corresponding reductions in the number of circulation strikes produced, the Philadelphia Mint achieved large mintages for the silver three-cent piece in most years from 1851 through 1858. The first year 1851 has a mintage of 5,447,400 pieces, and it is among the more plentiful Type I trimes in terms of total number of coins extant. On the other hand, few survivors are as well preserved and aesthetically pleasing as the present example. An impressive condition rarity and a lovely piece that represents an important find for the high quality type collector.
PCGS# 3664. NGC ID: 22YX.
http://www.pcgscoinfacts.com/Coin/Detail/3664
http://www.ngccoin.com/NGCCoinExplorer/CoinDetail.aspxUCID=22YX
PCGS Population: 20; 1 finer in MS-67+.

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