Coin Specifications

Category: Three Cent Silvers (1851-1873)
Mint: Philadelphia
Mintage: 1,458,000
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Silver
Fineness: 0.9000
Weight: 0.7500g
ASW: 0.0217oz
Melt Value: $0.38 (11/18/2017)
Diameter: 14mm
Edge: Plain
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1856 3CS MS obverse 1856 3CS MS reverse


  
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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: 9/9/2015

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

1856 3CS MS
  GVGFVFXF505355586061626364656667686970
Base $ 28.00 47.00 52.00 65.00 135 225 235 250 275 355 390 500 785 1500 3600 16000 32000 - - -
$ 145 - 240 260 310 - 415 530 900 1800 4500 - - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 350
Low Grade: VG
Average Grade: 60
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
10/22/1997 NGC MS 64   Teletrade Auction 0991, 991/Lot# 1155 $844.75
6/27/2005 NGC MS 62   David Lawrence Rare Coins Auction 43: The Cook Family Collection, 47/Lot# 305 $373.75
9/10/2006 PCGS MS 64   Goldberg September 10-13, 2006 Pre-Long Beach Coin and Currency Auction, 37/Lot# 1104 $1,207.50
4/8/2013 PCGS AU 53   Teletrade Auction 3425, 3425/Lot# 1203 $170.00
6/16/2013 PCGS AU 55   GreatCollections GreatCollections Coin Auctions 06/16/2013, 79/Lot# 119625 $201.30
11/15/2013 NGC MS 65   Heritage Auctions 2013 November 15 - 16 Selections from the Eric P. Newman Collection, Part II Signature Auction - New York Session(1), 1190/Lot# 33013 $2,702.50
5/25/2014 NGC AU 53   Stack's Bowers iAuction 3483, 6032/Lot# 22086 $197.40
7/11/2014 NGC AU 53   Stack's Bowers iAuction 3490, 6041/Lot# 20075 $185.65


NGC Registry

NGC Registry Score 1856 3CS MS
 PrAgGVGFVF4045505355586061626364656667686970
Base102111190209255463575674695725774916974113814882124328162488153134421530717357
105137196224324500608681705741821935102912551700251042706883991614064159900
00000060868170574182193510291255170025104270688399161406400
000000641688715758869955108313711912289552597518116791468500
Registry Image Gallery
Grade: MS 65
Points: 3281
Owner: Trime Time
 
Grade: MS 62
Points: 1138
Owner: bartlesvilleok
 
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