1859 SILVER 3 CENT PIECE
Lot Number:21
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Start Time:5/30/2024 4:00:00 AM
End Time:6/16/2024 10:10:00 PM
Bid Count:7
Current High Bidder:r****t
Starting Bid:$1.00
Bid Increment:$1.50
Current Bid:$16.00

The silver 3 cent piece, also known as the trime, was minted by the United States Mint from 1851 to 1873. They were the smallest coins ever produced by the U.S. Mint and were created to facilitate the postage rate of 3 cents at the time. Here's a breakdown of what affects their value:

  • Condition: As with most coins, the condition is the primary factor affecting a silver 3 cent piece's value. A well-preserved piece in uncirculated condition (MS on grading scales) will be worth considerably more than a worn one (graded in circulated grades like VG for Very Good).

  • Year of Mintage: The value can vary depending on the specific year the coin was minted. Generally, earlier years (1851-1853) tend to be less common than later ones (1860-1873) and can hold a premium. Here's a very general range to give you an idea:

    • Earlier Dates (1851-1853): Circulated grades can range from $25 to $50, while uncirculated specimens can be worth several hundred dollars or more.
    • Later Dates (1860-1873): Circulated grades can be around $10 to $30, while uncirculated can reach $100 or more.
  • Rarity: Some specific year-mintmark combinations are rarer than others and can be significantly more valuable. For instance, the 1851 or 1870 issues can be more valuable than common dates.

Grading Services: Getting your coin graded by a reputable service like PCGS or NGC can enhance its value and authenticity. They will assign a grade that reflects the coin's condition.

Here are some resources that can help you determine the value of your specific silver 3 cent piece:

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Michigan
United States