Coin Specifications

Category: Three Cent Silvers (1851-1873)
Mint: Philadelphia
Mintage: 1,458,000
Catalog: KM-80
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Silver
Fineness: 0.9000
Weight: 0.75grams
ASW: 0.0217oz
Melt Value: $0.45 (7/30/2014)
Diameter: 14mm
Edge: Plain
Numismatic specification data provided by Krause Publications NumisMaster.
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1856 3CS MS obverse 1856 3CS MS reverse


  
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VarietyPlus®

There are no varieties for this coin.

Description & Analysis

The dramatic rise in mintage, more than ten times the number coined in 1855, did not reflect any increase in demand. Instead it revealed Mint Director Snowden's illegal policy of paying out silver coins in exchange for silver bullion at above market prices. The law stipulated that only gold bullion was to be accepted in payment for fractional silver coins as a means of preventing their overproduction. In his eagerness to overcome the previous shortage of fractional silver coins, Snowden disregarded this order for the next several years.

1856 trimes are not as common as their high mintage would suggest, and gems are truly rare. The example illustrated displays a superior strike.

GRADE SUMMARY

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Price Guide

Last Updated: 6/17/2013

Click on a price to see historical prices, comparison charts and trends.

1856 3CS MS
  GVGFVF4045505355586061626364656667686970
Base $ 27.60 46.00 50.60 63.60 118 118 204 216 245 265 300 336 456 720 1310 3560 9430 - - - -
$ 132 220 240 270 290 330 370 500 790 1440 3800 10200 - -
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Census

 
NGC GRADE SUMMARY

Total Graded: 337
Low Grade: VG
Average Grade: 61
High Grade: 66


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
9/9/1994 NGC MS 63   Heritage Auctions 1994 NGC East Coast Expo Bullet Sale #123, 123/Lot# 64 $440.00
2/23/2005 NGC MS 64   Heritage Auctions 2005 February Long Beach Signature Sale #366, 366/Lot# 5650 $1,006.25
9/10/2006 PCGS MS 64   Goldberg September 10-13, 2006 Pre-Long Beach Coin and Currency Auction, 37/Lot# 1104 $1,207.50
11/29/2006 NGC MS 64   Heritage Auctions 2006 November Dallas Signature Coin Auction #420, 420/Lot# 267 $1,150.00
5/20/2010 NGC XF 40   David Lawrence Rare Coins Thursday - Internet Auction # 481, 487/Lot# 6919 $143.75
8/21/2012 NGC Details VF Details  Teletrade Auction 3333, 3333/Lot# 1028 $37.00
10/17/2012 PCGS MS 65   Stack's Bowers The November 2012 Baltimore Auction - US and World Lots - Live and Internet Only Sessions, 144/Lot# 1006 $2,585.00
6/16/2013 PCGS AU 55   GreatCollections GreatCollections Coin Auctions 06/16/2013, 79/Lot# 119625 $201.30


NGC Registry

NGC Registry Score 1856 3CS MS
 PrAgGVGFVF4045505355586061626364656667686970
Base5067768515526235443749453258662068487411381817314939848246134421530717357
5570791081902923814565065505976417479621364226134275404997814063159900
000000381456506550597641747962136422613427540499781406300
00000040947551956860866281010501590270537056825117101468500
Registry Image Gallery
Grade: MS 65
Points: 3149
Owner: Trime Time
 
Grade: MS 62
Points: 874
Owner: bartlesvilleok
 
View the Registry Image Gallery

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