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SILVER THREE-CENT PIECE 1851-1853 No Outline to Star

Front - SILVER THREE-CENT PIECE 1851-1853 No Outline to Star Back - SILVER THREE-CENT PIECE 1851-1853 No Outline to Star

Description

Imagine today, the Mint producing a Thirty Three Cent coin to facilitate the purchase of postage stamps. That's exactly what occurred in 1851. The silver three-cent piece was intended to facilitate the purchase of three-cent stamps at various post office outlets.

The obverse of the 1851-1853 style bears a six pointed star at the center, upon which is a shield. UNITED STATES OF AMERICA and the date are around the border. The reverse employs a C-shaped ornament enclosing the Roman numeral III, with 13 stars surrounding. From the very outset, difficulties were experienced in striking the pieces up properly, with the result that many examples seen today are lightly impressed in one area or another or show adjustment marks (made at the Mint during the planchet preparation process). The small diameter of the coin evoked criticism. Large quantities were produced during the early years of the series, particularly in 1852 and 1853. Later, production declined, and the denomination never achieved widespread popularity.

As noted earlier, sharply struck pieces are elusive. AU coins are scarce, Uncirculated pieces are scarcer, and superb Uncirculated coins are quite rare.

Valuation

With the exception of the 1851-0 (New Orleans Mint) issue, the only branch mint issue of the denomination, all varieties of the 1851-1853 coinage are readily available in grades from Good through Extremely Fine.
COIN NAME
SILVER THREE-CENT PIECE 1851-1853 No Outline to Star
DESIGNED BY
James Barton Longacre
ISSUE DATE
1851-1853
COMPOSITION
0.75 part silver, 0.25 part copper
DIAMETER
14 mm
WEIGHT
12.35 grains (.8 gram)
EDGE
Plain
BUS MINT
36,230,940
PROOF MINT
Fewer than 60

The statements made on this website are opinions only. Past results are no guarantee of future performance or returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same depending on a variety of factors. Lear Capital, Inc. cannot guarantee, and makes no representation, that any metals purchased will appreciate at all or appreciate sufficiently to make customers a profit. Lear is a retail seller of precious metals and its buyback (or bid) prices are lower than its sell (or ask) prices. Metals must appreciate enough to account for this difference in order for customer to make a profit when liquidating the metals. Lear does not provide financial advice or retirement planning services. The decision to purchase or sell precious metals, and which precious metals to purchase or sell, are the customer’s decision alone, and purchases and sales should be made subject to the customer’s own research, prudence and judgment.