Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
What was the purpose of the gold $3 coin?
>
Reply to Thread
Message:
<p>[QUOTE="chascat, post: 8274476, member: 76792"]After reading the history of the $3 coin, I can see why they were minted...1. there was few circulating silver coins at the time as the silver content was decreased and coins were being hoarded for their silver value. 2. Calif. gold was abundant, so more gold coins could be produced. 3. the railroads were in place in most of the populated areas of the country, so, mail could be delivered more cheaply, and mail was the single most valued commodity at the time, so, the Gvmt. reduced the price of a letter from 5c to 3c, and so it was worth making the $3 coin in order to buy the 100 per sheet stamps without giving out change which was probably all cents and half cents which nobody wanted.[/QUOTE]</p><p><br /></p>
[QUOTE="chascat, post: 8274476, member: 76792"]After reading the history of the $3 coin, I can see why they were minted...1. there was few circulating silver coins at the time as the silver content was decreased and coins were being hoarded for their silver value. 2. Calif. gold was abundant, so more gold coins could be produced. 3. the railroads were in place in most of the populated areas of the country, so, mail could be delivered more cheaply, and mail was the single most valued commodity at the time, so, the Gvmt. reduced the price of a letter from 5c to 3c, and so it was worth making the $3 coin in order to buy the 100 per sheet stamps without giving out change which was probably all cents and half cents which nobody wanted.[/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
>
Coin Forums
>
US Coins Forum
>
What was the purpose of the gold $3 coin?
>
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...