Cents From
August 27th, 2004
Coin collection – How to round up the Three-Cent Nickel ?
In 1865, a new three-cent piece made of copper and nickel (75 percent and 25 percent, respectively, but they’re called three-cent nickels because they look more like nickel than they do copper) burst onto the scene. However, the United States had been making a three-cent piece out of silver since 1851 (see Chapter 11). The problem with the old three-cent piece was that the coin was so tiny it was easy to lose (even back then, three cents’ worth of silver was only a small amount). By using copper and nickel, the coins could be made larger and for less money. Three-cent nickels were made from 1865 to 1889.
Three-cent nickels come in only one type, they were made over a period of slightly over 20 years, and all the dates are within the means of most collectors. Add the curiosity factor of the odd denomination, and you have a winning collection.
By type:
- Difficulty rating: Extremely easy. Three-cent nickels were minted with only one design type.
- Cost estimate: Inexpensive. Figure from $20 for a Fine example up to $125 for a nice Uncirculated piece.
By date:
- Difficulty rating: Easy. No super rarities in the series — the only challenge comes from the proof-only 1877, 1878, and 1886.
- Cost estimate: A complete set of three-cent nickels in Very Fine condition runs approximately $6,000, while a set in Uncirculated and proof condition starts at $8,500 and goes up from there.
By die variety:
- Difficulty rating: Easy to difficult. This series has only three major die varieties. Like the 1873 two-cent piece, the 1873 three-cent nickel comes with the number 3 open and closed. The 1887 coin boasts an overdate, where traces of a 6 can be seen underneath the 7 of the date. Researchers have uncovered lots of minor die varieties, but you’ll need to have your eyes checked before you get into this area of minute differences.
- Cost estimate: Inexpensive to moderately expensive. The 1873 die varieties are common and inexpensive, but the 1887/6 die variety runs $350 to $1,000, depending on condition.
About the Author
woodchuck is an up and coming expert on crafts and hobbies. Do you want complete Simple Shave Horse Plans? You can learn Router Table Cabinet Plans Here. Or you can download latest movies and music on Stream Movies Online for fun.
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