Log in or Sign up
Coin Talk
Home
Forums
>
CoinTalk
>
What's it Worth
>
3 cent nickel
>
Reply to Thread
Message:
<p>[QUOTE="doug5353, post: 2137648, member: 73555"]Speaking of the 3-cent nickel (and silver) coins, they were originally intended to simplify the buying of a 3-cent stamp, at times when there was a drastic shortage of small denomination coins in the U.S.</p><p><br /></p><p>The 1851 3-cent silver appeared the first year of the first general issue 3 cent stamp (and accompanying reduction in letter postage from 5c or 10c down to 3c), and the 3-cent nickel appeared the first year of the Civil War, when coins were immediately hoarded, not just silver coins, but everything. Those 3c stamps of the 1865 issue are quite common, even 150 years later.</p><p><br /></p><p>The experiment did not work out very well, as 3 cent coins circulated only in the big cities of the East, New York, Philadelphia, Boston, and Washington, in part explained by the fact that all were minted in Philadelphia, except that first 3c 1851-O silver. You hardly ever found them in Arkansas or Dakota Territory, for instance. When the 3c nickel coins came out, the 3c silver coins disappeared overnight, as you would expect.[/QUOTE]</p><p><br /></p>
[QUOTE="doug5353, post: 2137648, member: 73555"]Speaking of the 3-cent nickel (and silver) coins, they were originally intended to simplify the buying of a 3-cent stamp, at times when there was a drastic shortage of small denomination coins in the U.S. The 1851 3-cent silver appeared the first year of the first general issue 3 cent stamp (and accompanying reduction in letter postage from 5c or 10c down to 3c), and the 3-cent nickel appeared the first year of the Civil War, when coins were immediately hoarded, not just silver coins, but everything. Those 3c stamps of the 1865 issue are quite common, even 150 years later. The experiment did not work out very well, as 3 cent coins circulated only in the big cities of the East, New York, Philadelphia, Boston, and Washington, in part explained by the fact that all were minted in Philadelphia, except that first 3c 1851-O silver. You hardly ever found them in Arkansas or Dakota Territory, for instance. When the 3c nickel coins came out, the 3c silver coins disappeared overnight, as you would expect.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
CoinTalk
>
What's it Worth
>
3 cent nickel
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...