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<p>[QUOTE=&quot;CaptHenway, post: 8273726, member: 13813&quot;]The Coinage Act of 1853, which authorized it, was passed in early 1853 at a time when a lot of the silver coinage had been hoarded out of circulation. Thus, a Quarter Eagle plus a Half Dollar (or two Quarters) was not a viable option. </p><p><br /></p><p>By the time they got around to actually striking the $3 in 1854 the supply of 1853 Arrows &amp; Rays Quarters and Halves was fairly decent, but it was authorized and they struck them. Bureaucracy must be obeyed.</p><p><br /></p><p>Another possibility was that the Mint wanted to have them to pay off gold depositors with, where they were owed odd sums between $3 and $5 or $8 and $10, but that could just as easily be done with gold dollars. Look at the tiny mintages of 1854-S $2-1/2&#039;s and $5&#039;s. I am sure that those were struck to be used for payouts.[/QUOTE]</p><p><br /></p>

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