1854 3 Three Cent *silver Trime* Strong Vf+ Detail *rare* Authentic Us Coin For Sale
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1854 Pre-Civil War Era 3 Cent Silver Trime Here we have a rare 1854 Silver 3 Cent Piece with nice VF+ detail minted during the Presidency of Franklin Pierce! These were known as Trimes since they were made of silver as were dimes. The trime is the smallest of all US Silver coins and was later replaced by the larger 3 cent nickel piece. CHECK THE PHOTOS! The photos are of the EXACT coin you will receive so offer with confidence and feel free to ask any questions you may have. Check out our other items for sale now and in the future. Be sure to subscribe to the store for frequent updates and sales. Lots of offers accepted....go ahead and make one!CLICK HERE TO CHECK OUT OUR OTHER PREMIUM ITEMS!!!To add us to yourFavorites list CLICK HERE 100% Positive response - Guaranteed 100% Authentic This item will be carefully packaged and shipped via USPS the following day from payment.CHECK OUT OUR OTHER PREMIUM ITEMS!!!
Description: The three cent coin has an unusual history. It was proposed in 1851 both as a result of the decrease in postage rates from five cents to three and to answer the need for a small-denomination, easy-to-handle coin. The first Three cent coins we composed of silver (made up of three distinct types) however as a result of the Civil War, a new US Type coins would be created.
In times of crisis, the supply of precious metals would inevitably tighten. Americans fearful of the intrinsic value of paper money would then begin hording coins. And no American crisis drove coins out of circulation like the Civil War.
These Civil War era silver shortages led to widespread hoarding of all silver coins including the Three Cent Silver, and most one and five cent coins as well. As a result metal money virtually disappeared. To address the lack of circulating coins various alternatives were tried, including encapsulated postage and privately issued coinage. The Treasury eventually settled on issuing fractional currency. These small denomination (1 to 50 cent) notes were never popular, as they were easy to lose and unwieldy in large amounts.
In 1864, United States Secretary of Treasury Salmon P. Chase proposed yet another three-cent postal currency. There had been long standing opposition in Congress to the introduction of nickel into American coins, but the necesity of finding alternative metals for currency broke down even the staunchest anti-nickel proponents. Representative John Kasson, the most vocal of nickel opponents, introduced the bill authorizing the striking of a new three cent nickel (the composition was actually three-quarters copper and one-quarter nickel). The bill passed in an all-night session on Capitol Hill on March 3, 1865 and the three cent nickel coin was born.
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1854 3 Three Cent *silver Trime* Strong Vf+ Detail *rare* Authentic Us Coin: $83