The 1856 Three-Cent Silver coin holds a special place in the history of American numismatics. Introduced in 1851, it was the first silver coin minted with a denomination of three cents. With a population of just over 23 million at the time, the Philadelphia Mint managed to strike a silver trime for every man, woman, and child in America by the end of the 1850s. Let’s delve into the details of the 1856 Three-Cent Silver, its production, value, and notable specimens.
Production Overview of 1856 Three-Cent Silver Coins
Coinage of 1856 Three-Cent Silver Coins
| Date | Number Struck | Keywords |
|---|---|---|
| April 3, 1856 | 140,000 | 1856, Silver Coin |
| April 29, 1856 | 160,000 | Mintage, Collecting |
| May 22, 1856 | 300,000 | Business Strike |
| June 14, 1856 | 122,000 | Numismatics |
| August 9, 1856 | 310,000 | Coin Specifications |
The production of the 1856 Three-Cent Silver began on April 3 and concluded on October 29, 1856, with a total mintage of 1,458,000 coins.
Value of 1856 Three-Cent Silver Coins
The 1856 Three-Cent Silver coin is valued in various circulated grades through AU58. A Choice AU example typically costs around $350, while a Choice Mint State example can reach up to $700. The smaller size of these coins means that they often have limited eye appeal, which may lead to some being dipped to lighten the surface. As a result, collectors need to exercise patience in finding coins that meet their criteria.
Market Data and Noteworthy Specimens
Several notable examples of the 1856 Three-Cent Silver coin have fetched impressive prices at auctions. For instance, coins graded PCGS MS67 CAC have sold for as much as $31,200. Another MS66+ CAC example fetched $16,450 in an auction. These high-grade specimens showcase the appeal and value that well-preserved 1856 Three-Cent Silver coins hold in the numismatic world.
Conclusion
The 1856 Three-Cent Silver coin is a fascinating piece of American history, with a rich mintage history and significant collector interest. From its production details to its value and market performance, this coin continues to capture the attention of numismatists and enthusiasts alike. Whether you’re a seasoned collector or a newcomer to the hobby, the 1856 Three-Cent Silver provides insights into the evolution of American coinage.
FAQ’s
What was the total mintage of the 1856 Three-Cent Silver coins?
1,458,000 coins
What is the typical retail price for a Choice AU example?
Around $350
Which grading has seen an increase in population for 1856 Three-Cent Silver?
NGC MS66, with 9 graded as of 12/2024.