From the NGC Archives: 1862 Silver Three-Cent Piece

Posted on 3/13/2012

By 1862, the silver three-cent piece, sometimes called a trime, had undergone two minor revisions to its design.

These changes had been undertaken with the intent of making the coins strike up better, though only a partial success was achieved.

1862 was the year that both banks and the Treasury suspended specie payments, leading to the widespread hoarding of all gold and silver coins. Its likely that this superb gem was among the pieces put away for their bullion value, while paper money was used for general commerce. Struck from polished dies, this lovely coin displays cameo contrast between its brilliant fields and frosty devices. Though not quite fully struck, its outstanding state of preservation more than compensates. Faint die-clash lines are visible on either side of this beauty.

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