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The Three Cent Silver coin, minted in 1858, is a significant piece of American numismatic history. It was introduced as a response to the need for a small-denomination coin for purchasing postage stamps and other goods and services. The 1858 issue is part of the series that played a crucial role in facilitating commerce and trade during the mid-19th century.
Designed by James B. Longacre, the Chief Engraver of the United States Mint, the Three Cent Silver coin features a simple yet elegant design. The obverse depicts a portrayal of Liberty wearing a coronet inscribed with the word "Liberty." Thirteen stars encircle the central motif, symbolizing the original Thirteen Colonies. On the reverse of the coin is the Roman numeral III encircled by a wreath of laurel leaves, signifying victory and honor. Above the numeral is the inscription "United States of America," while below it is the denomination "Three Cents."
This particular Three Cent Silver coin is in Extra Fine condition, indicating that it has seen some circulation but retains much of its original detail and luster. Coins in Extra Fine condition typically exhibit light wear on the high points of the design, with most details remaining sharp and well-defined. The lettering and major features should be clear, with only minor wear visible.
During the mid-19th century, coins like the Three Cent Silver would not have been packaged in any special manner for distribution. Instead, they would have been circulated alongside other denominations in everyday transactions. As a small-denomination coin, the Three Cent Silver was particularly useful for purchasing postage stamps and other goods and services.
The Three Cent Silver coin was primarily minted at the Philadelphia Mint, the main mint facility of the United States during this period. Mintages for the 1858 issue were relatively high compared to later years of production, reflecting the ongoing demand for small-denomination coins during the mid-19th century.
Exact mintage figures for the 1858 Three Cent Silver coin vary depending on the source, but they are generally higher compared to subsequent years of production. The Philadelphia Mint struck the majority of these coins, with smaller numbers minted at the New Orleans Mint and the San Francisco Mint. Despite their higher mintage, examples in Extra Fine condition are desirable to collectors due to their well-preserved state and historical significance.
In summary, the 1858 Three Cent Silver coin in Extra Fine condition is a valuable artifact of American history. Its elegant design and important role in facilitating commerce and trade during the mid-19th century make it a sought-after collectible among numismatists. Whether as a standalone piece or as part of a larger collection, the Three Cent Silver coin offers a fascinating glimpse into the economic and cultural landscape of its time.