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US Rare Currency - Fractional
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3 Cent Nickels



3CN 1868 3CN 1868
Code: 171
Price: $30.00
Country: US
Denomination: 3cent Nickel
Grade: 40
Quantity in Basket: none
 



3CN 1875 3CN 1875
Code: 172
Price: $425.00
Country: US
Denomination: 3cent Nickel
Grade: PCGS PR64
Grader: Lightly toned. Only about 700 Proofs minted; and 1875 also happens to be a scarcer issue as a circulation strike.
Quantity in Basket: none
 



3CN 1885 3CN 1885
Code: 173
Price: $3,300.00
Country: US
Denomination: 3cent Nickel
Grade: 64
Grader: Obverse spot removed
Quantity in Basket: none
 





Civil War era silver shortages led to widespread hoarding of all silver coins, and most one and five cent coins as well. Various alternative were tried, including encapsulated postage and privately issued coinage. The Treasury eventually settled on issuing fractional currency. These small denomination (1 to 50 cents) were never popular, as they were easy to lose and unwieldy in large amounts.



The answer to this issue was reached in 1865 with the introduction of the three cent nickel coin. This coin was composed of copper and nickel and was larger than the silver coin of the same denomination. The coin featured a Liberty head obverse and another Roman Numeral 'III' reverse. The three cent nickel was never intended as a permanent issue, only as stop gap measure until the wartime hoarding ceased. However, production of the coin continued until 1889, 16 years after the three cent silver was discontinued.

Richard Hokanson Rare Coin Investments
P.O. Box 940, Southold, NY 11971
(631) 765-6464 | (631) 765-6466 Fax

info@hokanson-coins.com

Prices subject to market.