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The Three Cent Silver coin minted in 1858 is a significant artifact of American numismatic history. It was introduced to fulfill the need for a small-denomination coin for purchasing postage stamps, which were valued at three cents at the time. 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 boasts a simple yet elegant design. The obverse features a portrayal of Liberty wearing a coronet inscribed with the word "Liberty." Thirteen stars encircle the central motif, symbolizing the original Thirteen Colonies. The reverse of the coin showcases 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 specific Three Cent Silver coin is graded as Very Fine, indicating that it has experienced moderate circulation and wear while still retaining a significant amount of detail. Coins in Very Fine condition typically display moderate wear on the high points of the design, with some loss of detail but still maintaining recognizable features. The lettering and major design elements should remain clear, although some wear may be evident.
During the mid-19th century, coins like the Three Cent Silver were not packaged in any special manner for distribution. Instead, they were 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 Philadelphia Mint was the primary facility responsible for the production of the 1858 Three Cent Silver coin. As the main mint of the United States during this period, the Philadelphia Mint played a significant role in meeting the nation's coinage needs. Mintages for the 1858 issue were relatively high compared to later years, reflecting the continued demand for small-denomination coins during the mid-19th century.
Exact mintage figures for the 1858 Three Cent Silver coin vary, but they are generally higher compared to subsequent years of production. The majority of these coins were struck at the Philadelphia Mint, with smaller numbers minted at the New Orleans Mint and the San Francisco Mint. Despite their higher mintage, examples in Very Fine condition remain desirable to collectors due to their historical significance and relatively good condition.
In summary, the 1858 Three Cent Silver coin in Very Fine condition is a valuable piece of American history. Its elegant design and significant 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.